PNB Housing Finance Reports Q1 Results: Loan Assets Grow 13% as GNPA Stands at 0.95%

PNB Housing Finance Reports Q1 Results: Loan Assets Grow 13% as GNPA Stands at 0.95%​

PNB Housing Finance Limited announced its Consolidated Un-audited Financial Results for the first quarter of FY2026-27, ended June 30, 2026. The results indicate consistent growth in asset management (AUM) and sustained focus on maintaining strong asset quality across retail lending segments.

The company reported that Assets Under Management (AUM) stood at INR 93,021 crore as of Q1 FY27, reflecting a 13% year-on-year growth. The retail loan segment was a primary driver, with Retail Loan Asset growing by 16% year-on-year to INR 89,178 crore, which constitutes 99.5% of the Total Loan Asset.

The Affordable and Emerging Markets segment saw significant performance, registering a 27% year-on-year growth and contributing 41% towards the Retail Loan Asset book. Overall Disbursements were noted to be up 18% year-on-year, after accounting for a change in disbursement recognition from cheque handover to cheque realization.

Profitability and Efficiency Metrics​

For the quarter ended June 30, 2026, PNB Housing Finance reported Net profit for Q1 FY27 at INR 557 crore, marking a 4% year-on-year growth. The company maintained a spread of 2.12% Quarter over Quarter (QoQ), although this declined by 11 basis points (bps) on a year-on-year basis.

While the Net Interest Income was reported at INR 803 crore (down from 813 crore in Q4 FY26), profitability metrics saw careful monitoring. The Net Interest Margin (NIM) moderated by 19 bps QoQ due to increased leverage and a true up of the NIM reported in Q4 FY26. Operating Expenses to Assets Under Management (Opex to ATA) improved, improving to 0.99% in Q1 FY27 from 1.08% in Q4 FY26.

Key performance indicators for the company across various periods are summarized below:

Asset Quality and Risk Management​

Asset quality remains a key strength, with the Gross Non-Performing Assets (GNPA) reported at 0.95%. The company also noted that it recovered INR 67 crore in Q1 FY27 from the total written off pool, which resulted in a -12 bps credit cost. Capital Risk Adequacy Ratio stood healthy at 28.26% as of June 30, 2026, with Tier I at 27.87%.

PNB Housing Finance Limited also detailed its co-lending arrangement (CLA) portfolio status. As of June 30, 2026, the company had 1 CLA partner and a total of 219 outstanding accounts under CLAs. The aggregate principal outstanding in these arrangements stood at INR 70.57 crore.

Management View​

Ajai Shukla, Managing Director & CEO, commented on the performance, stating that the firm started FY27 on a steady note. He highlighted the robust growth of AUM (13% year-on-year) and the retail loan book (16% year-on-year).

"The Affordable and Emerging Markets segments continued to be key growth driver, registering 27% growth and contributing 41% to the Retail loan book," Shukla stated. He added that strong asset quality supported profitability, noting healthy recoveries from the written-off pool. The CEO also emphasized ongoing commitments to strengthening the distribution network and continuous digital transformation across sourcing, underwriting, servicing, and collections to support scalable growth for stakeholders.

PNBHOUSING Stock Price Movement​

PNB Housing Finance Limited shares today slipped by 0.92% to settle at ₹1,080, marking a decline of ₹10.00. The stock traded amid the post-market session on 1.41 million shares.