PNB Housing Finance Limited conducted an earnings conference call on August 05, 2026, to discuss the company's Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 (Q1 FY27). The call was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Event Type: Earnings Conference Call

Date and Time: August 05, 2026 (specific time not mentioned in transcript)

Purpose: Discussion of Q1 FY27 financial results and business performance

Management Participants:

  • Mr. Ajai Kumar Shukla – Managing Director and Chief Executive Officer
  • Mr. Vinay Gupta – Chief Financial Officer
  • Ms. Miti Gupta – Investor Relations Manager

The transcript indicates that an investor presentation and press release were shared with exchanges and made available on the company website. The call contained forward-looking statements with a detailed disclaimer on Slide 45 of the investor presentation.

Key Financial and Operational Highlights:

Business Performance:

  • Disbursements grew 18% YoY to INR 5,882 crores in Q1 FY27
  • On a comparable check handover basis, disbursements showed 56% YoY growth
  • Overall loan book grew 15% YoY to INR 89,670 crores as of June 30, 2026
  • Retail loan portfolio increased 16% YoY to INR 89,178 crore
  • Affordable and Emerging market segment grew 27% YoY, contributing 41% of retail portfolio
  • Target to increase Affordable/Emerging contribution to 45% by end of FY27

Segment-wise Disbursements (Q1 FY27):

  • Prime segment: INR 3,083 crores
  • Emerging Market: INR 2,029 crores
  • Affordable segment: INR 555 crores
  • Corporate loan book: INR 493 crores with disbursal of INR 215 crores

New Initiatives:

  • Disbursed INR 71 crores under Emerging Developer Finance program
  • Commenced full buyout transactions with INR 146 crores acquired during the quarter
  • Facilitated over 7,000 subsidies under PMAY 2.0

Asset Quality:

  • Gross NPA remained below 1% at 0.95%
  • Recoveries of INR 67 crores from written-off pool
  • Negative credit cost of 12 basis points
  • Remaining written-off retail pool: ~INR 340 crores

Financial Metrics:

  • Spread remained stable sequentially at 2.12%
  • NIM moderated by 19 bps QoQ to 3.50% (12 bps due to increased leverage, 7 bps due to Q4 FY26 true-up)
  • Portfolio yield improved marginally to 9.48% for Q1 FY27
  • Cost of borrowing increased marginally to 7.36% from 7.35% in previous quarter
  • Profit After Tax grew 4% YoY to INR 557 crores
  • ROA: 2.37%, ROE: 11.44%
  • Capital adequacy ratio: 28.26%, Tier 1 capital ratio: 27.87%
  • Net worth: INR 19,800 crores, Book value: ~INR 760

Digital Transformation:

  • 100% fresh disbursals through new LOS platform (SFDC)
  • Over 70% business onboarded through in-house Infinity app
  • Over 2,600 e-sign executed through Legality platform
  • Voice AI proof-of-concept completed for sanctioned but undisbursed pool and pre-due collections

Distribution Network:

  • Added 12 new branches during the quarter
  • Total network: 404 branches

Guidance and Outlook:

  • Maintaining full-year guidance of 18-20% overall book growth
  • Maintaining 50-60% growth guidance in Affordable loan book
  • Expect margins to have bottomed out and improve from H2 FY27 onwards
  • Expect yield improvement through change in mix
  • Targeting ROA of 2.4% for FY27
  • Expect negative credit cost to continue through FY27

Additional Notes Section

The document is a transcript of the earnings conference call attached to the regulatory filing. No unpublished price sensitive information (UPSI) was indicated to be shared during the call. The transcript contains detailed management commentary on financial performance, business strategy, and outlook.