PNB Housing Shares Surge 8% Amid 19% Increase in Q4 Net Profit to Rs 656 Crore

PNB Housing Finance Posts 19% Rise in Q4 Profit, Shares Jump 8%

PNB Housing Finance, a non-bank lender, has reported a significant surge in its fourth-quarter profit, driven by strong home loan demand and an improvement in asset quality. The company, promoted by the Punjab National Bank, announced a net profit of Rs 656 crore in the March quarter.

This represents a 19% rise from the same quarter a year ago, when the company earned a net profit of Rs 550 crore. The improvement in profit is a result of various factors, including a rise in total income and interest income. The total income during the fourth quarter of the previous fiscal year increased to Rs 2,172 crore from Rs 2,037 crore in the year-ago period. Additionally, the lender's interest income in Q4FY26 was higher at Rs 2,054 crore, as against Rs 1,906 crore in the same period a year ago.

Key highlights of the company's performance include:

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The company's asset quality also showed an improvement, with gross non-performing assets (NPAs) easing to 0.93% as against 1.08% at the end of March 2025. Furthermore, the asset under management (AUM) rose 13% to Rs 90,921 crore as on March 31, 2026, compared to Rs 80,397 crore at the end of last quarter of FY25.

For the entire 2025-26, the mortgage lender reported an 18% increase in net profit at Rs 2,291 crore, from Rs 1,936 crore in the previous fiscal year. The total income during the year rose to Rs 8,505 crore from Rs 7,661 crore reported in the previous fiscal year. The board has recommended a dividend of Rs 8 per equity share having face value of Rs 10 for FY26, subject to the shareholder's approval at the ensuing annual general meeting. At 10:15 am on April 21, PNB Housing shares were trading 8% higher at Rs 981 apiece.