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PNB Housing Finance Q3 Results: Net profit down 21.27 percent QoQ to Rs 651.96 crore, total revenue too falls 5.55 percent to Rs 1,482.23 crore

PNB Housing Finance Q3 Results: Net profit down 21.27 percent QoQ to Rs 651.96 crore, total revenue too falls 5.55 percent to Rs 1,482.23 crore

PNB Housing Finance Q3 Results: Net profit down 21.27 percent QoQ to Rs 651.96 crore, total revenue too falls 5.55 percent to Rs 1,482.23 crore
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By CNBCTV18.com Jan 20, 2022 10:06:38 PM IST (Updated)

The finance company announced it quarterly earnings report for the third quarter of the ongoing fiscal on Thursday

PNB Housing Finance Limited today reported a net profit after taxes (PAT) of Rs 651.96 crore and a net profit margin of 13.78 percent for the quarter ended December 31, 2021. In its quarterly earnings report, the company reported gross non-performing assets (GNPAs) of 7.64 percent and net NPAs of 4.87 percent.

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Overall, the results were disappointing, as nearly every metric fell in the latest compared to the second quarter of the fiscal.
The company reported total revenue from operations at Rs 1,482.23 crore, a quarter-on-quarter decrease of 5.55 percent from Rs 1,569.35 crore.
According to the report, the company's net profit after tax for Q3FY22 stood at Rs 183.69 crore, which was down a sharp 21.27 percent QoQ from Rs 233.31 crore reported in Q2FY22.
PNB Housing said in the report that its total comprehensive income witnessed a 14.97 percent fall, from Rs 244.86 crore in Q2FY22 to Rs 208.19 crore in the latest quarter.

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In the report, the company stated, "There were 89 borrower accounts having an aggregate exposure of
Further, the company said it allotted 8,000 shares at a face value of Rs 10 each "pursuant to exercise of stock options by employees". At Rs 10 each, the company reported earnings per share of Rs 10.90 crore (basic) and Rs 10.87 crore (diluted), while its paid up equity share capital stood at Rs 168.59 crore, a very modest 0.006 percent QoQ increase.
As per the report, the company's net worth, as of December 31, 2021, stood at Rs 9,558.30 crore.
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