PNB Housing Finance Reports Record Annual Profit of ₹2,291 Crore

PNB Housing Finance Limited (NSE: PNBHOUSING) has announced its audited consolidated financial results for the quarter and fiscal year ended March 31, 2026. The company delivered a robust performance, with annual net profit growing by 18.3% year-on-year, driven by strong interest income and significant write-backs in impairment provisions.

The results reflect the company's successful strategic shift toward "Roshni" (affordable housing) and retail prime segments, coupled with an increasingly lean balance sheet.

Annual Financial Performance (FY26 vs. FY25)

The full-year data showcases a period of high growth and improved operational efficiency:

Total Revenue from Operations: Surged to ₹8,504.52 crore, an 11% increase from ₹7,665.35 crore in FY25.

Net Profit (PAT): Reached a milestone of ₹2,291.24 crore, compared to ₹1,936.14 crore in the previous year.

Interest Income: Remained the primary driver, contributing ₹8,071.17 crore to the top line.

Earnings Per Share (EPS): Basic EPS rose significantly to ₹88.01, up from ₹74.52.

Quarterly Momentum (Q4FY26)

The fourth quarter was particularly strong, showing accelerated profitability:

Quarterly Net Profit: Stood at ₹655.80 crore, a 26% sequential increase from the ₹520.35 crore reported in Q3FY26.

Total Income: Quarterly income reached ₹2,171.91 crore, reflecting steady demand in the housing sector despite interest rate cycles.

Asset Quality and Impairment Success

A standout feature of this year's report is the negative impairment cost.

Impairment Credit: For the full year, the company recorded a negative impairment expense of ₹386.15 crore (compared to a credit of ₹158.53 crore in FY25).

What this means: Instead of setting aside money for bad loans, PNB Housing is successfully recovering past dues and upgrading loan accounts, allowing them to reverse previous provisions back into their profit.

Key Financial Ratios

Net Worth & Reserves: The company's reserves (excluding revaluation reserves) climbed to ₹18,958.58 crore, providing a massive capital buffer for future lending.

Finance Costs: Annual borrowing costs rose to ₹5,000.24 crore, reflecting the broader high-interest-rate environment in the banking sector.

Strategic Outlook: The Housing Market

PNB Housing Finance has been pivoting toward smaller ticket sizes and affordable housing to diversify risk.

Growth Drivers for FY27:

Affordable Segment (Roshni): Expansion into Tier 2 and Tier 3 cities is expected to drive volume.

Digital Onboarding: Reduced turnaround times (TAT) for loan approvals are improving customer acquisition.

Asset Quality: Continued focus on retail loans over wholesale/corporate loans is keeping NPA levels under control.

Shares of PNB Housing Finance Limited was last trading in BSE at Rs. 905.80 as compared to the previous close of Rs. 924.40. The total number of shares traded during the day was 58720 in over 3887 trades.

The stock hit an intraday high of Rs. 933.30 and intraday low of 899.25. The net turnover during the day was Rs. 53761569.00.

Source : Equity Bulls

Keywords

PNBHousingFinance INE572E01012 Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate