PNB Housing Finance Limited on Wednesday (July 2) announced that its board has recommended a proposal for the issuance of non-convertible debentures (NCDs) aggregating up to ₹10,000 crore.
The proposal will be placed before shareholders for approval at the upcoming annual general meeting. The NCDs will be issued on a private placement basis in one or more tranches, subject to applicable regulatory approvals.
The company’s net interest income in the fourth quarter ended March 31, 2025, increased by 19.2% from last year, while its net profit went up by 28% to ₹567.1 crore. The bottomline was also aided by a provision write-back of ₹64.85 crore, compared to an expense of ₹6.63 crore last year. There was also a write-back of ₹36.13 crore in the previous quarter.
Also Read: PNB subsidiary shares are a ‘consensus buy’ among analysts; UBS sees 17% upside
A 10% jump in other income from the year-ago quarter also contributed to PNB Housing’s net profit. Asset quality for the company improved on a sequential basis. Gross NPA improved to 1.08% from 1.19% in the previous quarter, while net NPA stood at 0.69%, better than the 0.8% figure in the earlier quarter.
PNB Housing’s assets under management crossed the ₹80,000-crore mark, rising by nearly 13% year-on-year and 4.5% sequentially.
Shares of PNB Housing Finance Ltd ended at ₹1,086.30, down by ₹17.05, or 1.55%, on the BSE today (July 3).
Also Read: PNB Housing Finance: Carlyle Group entity seeks to divest 10.44% stake via block deals
