PNB Housing Finance Gains After Reporting Profit Of Rs 127 Crore In March Quarter

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PNB Housing Finance was final buying and selling 0.03 per cent increased at Rs 377 on the BSE.

Share worth of PNB Housing Finance gained round one per cent on Wednesday, April 28, a day after the corporate reported a web revenue of Rs 127 crore within the January-March quarter of the monetary 12 months 2020-21. On Wednesday, PNB Housing Finance opened on the BSE at Rs 375.20, touching an intra day excessive of Rs 385.45 and an intra day low of Rs 371.50, within the buying and selling session thus far. According to an announcement shared by the agency, ONB Housing Finance reported a consolidated web revenue of Rs 127 crore within the March quarter, in comparison with Rs 242 crore within the corresponding interval of the earlier fiscal.

On a sequential foundation, the revenue got here down from Rs 232 crore within the third quarter of the monetary 12 months 2020-21. The complete income in the course of the fourth quarter of fiscal 2020-21 stood at Rs 1,834 crore, in comparison with Rs 1,952 crore within the corresponding interval of the earlier fiscal.

PNB Housing Finance’s asset high quality deteriorated with the gross non-performing property or NPAs growing to 4.44 per cent of the gross loans by the January-March quarter, in comparison with 2.75 per cent within the corresponding interval of the fiscal 12 months 2019-20. The Net NPAs rose to 2.43 per cent from 1.75 per cent.

Meanwhile, on the NSE, PNB Housing Finance opened at Rs 375.90, touching an intra day excessive of Rs 386, and an intra day low of Rs 370.25. It was final buying and selling 0.11 per cent increased at Rs 377.50 on the NSE.

PNB Housing Finance was final buying and selling 0.03 per cent increased at Rs 377 on the BSE. 



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