PNB Housing Finance share surge 11% after margins expand, asset quality improves in strong Q4
April 21, 2026
PNB Housing Finance's asset quality improved sequentially as its gross non-performing assets (NPA) declined to 0.93% from 1.04% in the previous quarter. Its net NPA improved to 0.57% from 0.68% in the previous year.
Affordable and emerging markets remained key growth drivers and together they contributed a meaningful share of both the retail portfolio and retail disbursements. This is the best single-day gain for shares of PNB Housing Finance in two years.
By Annanya Singh
Shares of PNB Housing Finance Ltd. gained as much as 11% on Tuesday, April 21, reacting to the company's strong results for the fourth quarter. At the intraday high, the stock had seen its best single-day gain since April 2024
During the March quarter, PNB Housing witnessed strong retail-led growth momentum, which contributed to the improved margins and asset quality, along with growth in the bottomline as well.
PNB Housing's net interest income (NII) increased by 11% from last year to ₹813 crore from ₹734 crore in the previous year, while profit after tax was up 19% at ₹656 crore from ₹550 crore in the year-ago period.
PNB Housing Finance's asset quality improved sequentially as its gross non-performing assets (NPA) declined to 0.93% from 1.04% in the previous quarter. Its net NPA improved to 0.57% from 0.68% in the previous year.
The company's net interest margin was at 3.69% compared to 3.63% sequentially and from 3.7% annually. Its return on assets were at 2.89% in the fourth quarter compared to 2.4% in the previous one and 2.55% in the previous year. Its return on equity was at 13.94% from 11.42% sequentially and from 12.19% in the previous year.
Affordable and emerging markets remained key growth drivers and together they contributed a meaningful share of both the retail portfolio and retail disbursements.
Within retail, affordable loan assets grew 61%, emerging markets were up 21% and prime increased 9%.
On margins, yield moderated on both annual and sequential basis, indicating some pressure from product mix and competitive intensity.
Cost of borrowing improved as well on an annual and sequential basis, which helped cushion the impact of lower yields.
PNB Housing Finance's branches expanded to 393 launches, most of the additions focused on the affordable and emerging markets.
The business mix continues to remain highly retail-focused, while corporate disbursement has resumed, which adds another incremental lever without changing the retail-heavy profile materially.
On the operating side, the company's management also highlighted that live loan accounts crossed 3.77 lakh, showing increasing franchise scale.
Shares of PNB Housing are trading 8.5% higher, seeing a marginal cool-off from the highs of the day, at ₹982.4. The stock is down 14% from its 52-week high of ₹1,142.
Also Read: Aequs shares gain 3% despite Hasbro plans to halt fresh orders
By Annanya Singh
Shares of PNB Housing Finance Ltd. gained as much as 11% on Tuesday, April 21, reacting to the company's strong results for the fourth quarter. At the intraday high, the stock had seen its best single-day gain since April 2024
During the March quarter, PNB Housing witnessed strong retail-led growth momentum, which contributed to the improved margins and asset quality, along with growth in the bottomline as well.
PNB Housing's net interest income (NII) increased by 11% from last year to ₹813 crore from ₹734 crore in the previous year, while profit after tax was up 19% at ₹656 crore from ₹550 crore in the year-ago period.
PNB Housing Finance's asset quality improved sequentially as its gross non-performing assets (NPA) declined to 0.93% from 1.04% in the previous quarter. Its net NPA improved to 0.57% from 0.68% in the previous year.
The company's net interest margin was at 3.69% compared to 3.63% sequentially and from 3.7% annually. Its return on assets were at 2.89% in the fourth quarter compared to 2.4% in the previous one and 2.55% in the previous year. Its return on equity was at 13.94% from 11.42% sequentially and from 12.19% in the previous year.
Affordable and emerging markets remained key growth drivers and together they contributed a meaningful share of both the retail portfolio and retail disbursements.
Within retail, affordable loan assets grew 61%, emerging markets were up 21% and prime increased 9%.
On margins, yield moderated on both annual and sequential basis, indicating some pressure from product mix and competitive intensity.
Cost of borrowing improved as well on an annual and sequential basis, which helped cushion the impact of lower yields.
PNB Housing Finance's branches expanded to 393 launches, most of the additions focused on the affordable and emerging markets.
The business mix continues to remain highly retail-focused, while corporate disbursement has resumed, which adds another incremental lever without changing the retail-heavy profile materially.
On the operating side, the company's management also highlighted that live loan accounts crossed 3.77 lakh, showing increasing franchise scale.
Shares of PNB Housing are trading 8.5% higher, seeing a marginal cool-off from the highs of the day, at ₹982.4. The stock is down 14% from its 52-week high of ₹1,142.
Also Read: Aequs shares gain 3% despite Hasbro plans to halt fresh orders