PNB Housing Finance Q2FY18 standalone net profit rises 51.1% yoy

Oct 25, 2017 03:10 IST India Infoline Research Team

PNB Housing Finance Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
NII 480 68.0
Net Profit (adjusted) 208 51.1

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1630.55

Last updated on

29-Sep-2017


PNB Housing Finance Ltd reported its standalone financial result for Q2FY18.

PNB Housing Finance NII for the quarter increased by 68% yoy to Rs. 480 crore. This was due to an increase in interest earned by 36% to Rs. 1315.8 crore vs a lower increase in interest expended by 22% to Rs. 836 crore for the quarter.

Net profit for the quarter increased by 51.1% yoy to Rs. 208 crore.

AUM have increased by 47% yoy to Rs. 51,320 crore in Q2FY18 vs Rs. 34,896 crore in Q2FY17.

The gross NPAs of the company as on Q2FY18 stood at 0.34% vs 0.26% in Q2FY17.

The Net NPAs of the company are 0.26% of the loan assets as on Q2FY18 against 0.18% of the loan assets as on Q2FY17.



Technical View:

PNB Housing Finance Ltd ended at Rs. 1,393.95, down by 52.4 points or 3.62% from its previous closing of Rs. 1,446.35 on the BSE.
The scrip opened at Rs. 1,441 and touched a high and low of Rs. 1,463 and Rs. 1,347.60 respectively. A total of 3,70,445(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

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