Financial Performance Overview

PNB Housing Finance Limited reported consolidated audited financial results for Q2 and H1 FY2026-27 ended September 30, 2026. The company demonstrated strong growth across key metrics with improved profitability and asset quality.

Key Performance Metrics

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Loan Assets: ₹95,079 crore (19% YoY growth)
  • Disbursement: ₹9,609 crore (60% YoY growth)
  • Net Interest Income: ₹878 crore (15% YoY growth)
  • PAT: ₹617 crore (6% YoY growth)
  • NIM: 3.67% (0 bps change YoY)
  • GNPA: 0.91% (improved by 13 bps YoY)
  • ROA: 2.53% (declined 20 bps YoY)
  • ROE: 12.33% (declined 81 bps YoY)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Loan Assets: ₹95,079 crore (19% YoY growth)
  • Disbursement: ₹15,638 crore (42% YoY growth)
  • Net Interest Income: ₹1,681 crore (10% YoY growth)
  • PAT: ₹1,174 crore (5% YoY growth)
  • NIM: 3.58% (declined 12 bps YoY)

Loan Portfolio Details

  • Assets Under Management stood at ₹98,210 crore as on September 30, 2026, registering 17% YoY growth
  • Retail Loan Asset stood at ₹94,391 crore, reflecting 19% YoY growth
  • Affordable and Emerging Markets segment grew by 45% and 22% YoY respectively, together contributing 41% to Retail Loan Asset

Disbursement Performance

  • Total disbursements for Q2 FY27: ₹9,609 crore (60% YoY growth)
  • Retail disbursements reached all-time high of ₹9,250 crore (54% YoY growth)
  • Corporate disbursement: ₹360 crore for Q2 FY27

Asset Quality

  • Gross NPA improved to 0.91% as on September 30, 2026 (from 1.04% in Q2 FY26)
  • Recovered ₹75 crore during Q2 FY27 from total written off pool
  • Credit cost of -19 basis points due to recoveries

Profitability Metrics

  • Spread improved by 31 bps QoQ to 2.43% in Q2 FY27
  • Yield on loans increased by 26 bps QoQ to 9.74%
  • Cost of borrowing improved by 5 bps QoQ to 7.31%
  • Opex to ATA stood at 1.03% in Q2 FY27
  • ROA: 2.53%, ROE: 12.33% for Q2 FY27

Operational Highlights

  • Distribution network comprised 404 branches across India as on September 30, 2026
  • Capital Risk Adequacy Ratio remained strong at 27.03% with Tier I at 26.62%

Management Commentary

Mr. Ajai Shukla, Managing Director & CEO commented: "Q2 FY27 has been another encouraging quarter for PNB Housing Finance as we continued to deliver consistent growth across business parameters. Our focus on granular retail expansion, particularly in the Affordable and Emerging Markets segments, has enabled us to strengthen our market position while maintaining prudent risk discipline. We recorded strong growth in loan assets and achieved our highest-ever retail disbursements, underscoring the strength of our franchise and customer proposition."

Detailed Financial Results (Consolidated)

Income Statement (₹ in crore):

| Particulars | Q2 FY27 | Q1 FY27 | Q2 FY26 | H1 FY27 | H1 FY26 |

| Interest Income | 2,289.20 | 2,138.43 | 2,017.45 | 4,427.63 | 3,997.80 |

| Fees & Commission | 130.51 | 121.78 | 96.18 | 252.29 | 177.89 |

| Net Gain on Fair Value | 3.44 | 3.23 | 14.23 | 6.67 | 28.28 |

| Total Revenue | 2,423.15 | 2,263.44 | 2,127.86 | 4,686.59 | 4,203.97 |

| Finance Cost | 1,414.66 | 1,338.63 | 1,266.97 | 2,753.29 | 2,501.34 |

| Impairment Reversal | (47.56) | (29.14) | (113.18) | (76.70) | (169.40) |

| Employee Benefits | 138.96 | 134.67 | 109.22 | 273.63 | 227.23 |

| Profit Before Tax | 796.61 | 718.44 | 759.64 | 1,515.05 | 1,447.56 |

| Net Profit After Tax | 616.55 | 557.34 | 581.59 | 1,173.89 | 1,115.09 |

Earnings Per Share:

  • Basic EPS: ₹23.65 for Q2 FY27, ₹45.04 for H1 FY27
  • Diluted EPS: ₹23.59 for Q2 FY27, ₹44.92 for H1 FY27

Balance Sheet Highlights (as of September 30, 2026):

  • Total Assets: ₹101,638.10 crore
  • Loans: ₹94,124.48 crore
  • Investments: ₹3,708.10 crore
  • Cash & Bank: ₹2,321.52 crore
  • Debt Securities: ₹13,456.79 crore
  • Borrowings: ₹48,396.34 crore
  • Deposits: ₹17,704.04 crore
  • Net Worth: ₹20,249.19 crore

Additional Business Updates

  • The company transferred loans not in default through PTC during the quarter: 924 accounts, ₹207.19 crore principal outstanding
  • Acquired loans through assignment in multiple deals totaling approximately ₹820 crore during the quarter
  • The company has co-lending arrangements with 1 partner covering 205 accounts with ₹65.86 crore outstanding
  • During the quarter, the company allotted 2,54,335 equity shares of ₹10 each pursuant to exercise of stock options/RSUs by employees