The company sees promising opportunities across all segments but is prioritising growth in the emerging, affordable housing, and loan against property categories. Given the current momentum, there is potential for the actual growth to exceed the 18% guidance, Kousgi noted.
In the April–June quarter of 2025 (Q1FY26), the housing finance company reported a net interest income of ₹760 crore, net interest margins of 3.74%, and a profit after tax of ₹534 crore.Net interest margins (NIMs) are likely to be better, with the company revising its guidance upward to around 3.7% from 3.6% to 3.65% earlier. The improvement is aided by the shift towards higher-yielding segments such as affordable housing and emerging markets. These segments accounted for nearly 50% of originations in the first quarter and currently comprise about 37% of the loan book.
By FY27, PNB Housing expects the share of affordable and emerging segments in its portfolio to exceed 50%.
PNB Housing Finance’s current market capitalisation is ₹28,903 crore. The stock is currently trading at ₹1,110.50 as of 10:08 am on the NSE and has gained 40% over the last year.
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