Shares of PNB Housing Finance Ltd. gained as much as 11% on Tuesday, April 21, reacting to the company's strong results for the fourth quarter. According to reports from CNBC TV18, this marked the best single-day gain since April 2024 for the housing finance company's stock. The shares were trading 8.5% higher at ₹982.4 during the session, showing a marginal cool-off from the day's highs.
During the March quarter, PNB Housing witnessed strong retail-led growth momentum, contributing to improved margins and asset quality. As reported by CNBC TV18, the company's net interest income (NII) increased by 11% from the previous year to ₹813 crore from ₹734 crore, while profit after tax was up 19% at ₹656 crore from ₹550 crore in the year-ago period. The company's net interest margin was at 3.69% compared to 3.63% sequentially and 3.7% annually. For the full fiscal year FY26, PNB Housing reported consolidated net profit of ₹2,291 crore, representing a substantial 18.34% increase over the previous year, with total consolidated revenue growing 10.58% to ₹8,505 crore. According to latest reports, the company posted a net profit of ₹655.80 crore in Q4 FY26, marking a rise of 19.2% year-on-year and 26.03% sequentially, with revenue for the quarter coming in at ₹2,171.91 crore, increasing 2.42% quarter-on-quarter and 6.63% year-on-year.
The company's asset quality showed significant improvement during the quarter. According to CNBC TV18, PNB Housing's gross non-performing assets (NPA) declined to 0.93%* from 1.04% in the previous quarter, while net NPA improved to 0.57% from 0.68% in the previous year. The company's return on assets were at 2.89% in the fourth quarter compared to 2.4% in the previous one and 2.55% in the previous year, while return on equity was at 13.94% from 11.42% sequentially and 12.19% in the previous year. The consolidated Net NPA ratio stood at 0.57% as of March 31, 2026, while Gross NPA ratio was 0.93%, indicating sound asset quality and prudent risk management. As per latest reports, the drop in GNPA below the 1% mark stands out as a major positive, signalling strengthening credit quality and improved risk management during a volatile economic phase.
Affordable and emerging markets remained key growth drivers for PNB Housing, with these segments contributing a meaningful share of both the retail portfolio and retail disbursements. As reported by CNBC TV18, within retail, affordable loan assets grew 61%, emerging markets were up 21%, and prime increased 9%. The company's live loan accounts crossed 3.77 lakh, showing increasing franchise scale, while branches expanded to 393 launches with most additions focused on affordable and emerging markets. The retail loan book grew 16% YoY to ₹81,931 crores as of December 31, 2025, reflecting the company's strategic focus on high-yielding segments. According to latest reports, the loan book continued to expand at a healthy pace, rising to ₹86,433.37 crore from ₹74,645.32 crore a year earlier, translating into growth of nearly 15.8%. This growth was supported by strong disbursement momentum in the affordable and mid-income housing segments.
The business mix continues to remain highly retail-focused, while corporate disbursement has resumed, adding another incremental lever without changing the retail-heavy profile materially. According to CNBC TV18, the stock is down 14% from its 52-week high of ₹1,142, indicating some recent pressure despite the strong quarterly performance. The Board has recommended a final dividend of ₹8 per equity share, subject to shareholder approval, which is a positive signal for shareholders reflecting healthy cash generation. However, consolidated borrowings increased significantly to ₹52,813.55 crore from ₹44,128.47 crore in the previous year, which requires careful monitoring of its impact on finance costs and future profitability. According to latest reports, finance costs stood at ₹1,246.08 crore for the quarter, while the growth in NII suggests the company is managing its funding costs effectively. The net worth increased to ₹19,219.13 crore, reflecting the accumulation of profits and a stronger balance sheet position, with cash and cash equivalents rising to ₹2,483.06 crore compared to ₹2,062.50 crore in the previous year, providing a comfortable buffer to support ongoing lending activity.
