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PNB Housing Finance Limited is a registered housing finance company promoted by Punjab National Bank, which holds 32.57% of its share capital. The company offers retail and corporate loans, including home loans, loan against property, and construction finance. It operates through a network of branches across India and a wholly-owned subsidiary, PHFL Home Loans and Services Limited. As of March 31, 2023, PNB Housing Finance had expanded its branch network to 189 branches/outreaches, with 82 branches/outreaches focused on the affordable loan segment in over 150 districts. The company's Assets Under Management (AUM) as of March 31, 2022, were Rs. 65,977 crore. PNB Housing Finance is listed on the National Stock Exchange and Bombay Stock Exchange since November 2016.
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The Quarter story
The two most recent quarterly results, compared side-by-side.
PNB Housing Finance scales its branch network and improves overall asset quality, though margin compression and rising affordable-segment stress require attention.
Consolidated branches grow from 200 in Q1 FY26 to 404 in Q1 2026-27, doubling the physical footprint.
Consolidated net interest margin compresses from 3.74% in Q1 FY26 to 3.50% in Q1 2026-27, squeezing profitability.
Consolidated GNPA improves from 1.06% in Q1 FY26 to 0.95% in Q1 2026-27, reflecting better asset quality.
Affordable GNPA rises from 0.33% in Q1 FY26 to 0.74% in Q1 2026-27, signaling stress in the entry-level book.
Consolidated cost of borrowing drops from 7.76% in Q1 FY26 to 7.36% in Q1 2026-27, easing funding pressure.
Consolidated DSA channel mix jumps from 49% in Q1 FY26 to 62% in Q1 2026-27, increasing reliance on third-party sales.
Emerging Markets DPD 30+ falls from 2.33% in Q3 FY26 to 2.09% in Q1 2026-27, showing tighter collections.
Consolidated spread narrows from 2.23% in Q1 FY26 to 2.12% in Q1 2026-27, compressing net margins.
Prime delinquency 30+ eases from 3.31% in Q4 FY26 to 2.75% in Q1 2026-27, stabilizing high-value loans.
Affordable DPD 30+ climbs from 0.91% in Q1 FY26 to 1.60% in Q1 2026-27, raising early-stage collection risks.