PNB Housing Finance Ltd's Q3FY25 Quarterly Results

Result Summary

• PNB Housing Finance Ltd reported a 3.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.7%.
• Its expenses for the quarter were up by 3.3% QoQ and 8.5% YoY.
• The net profit increased 2.9% QoQ and increased 42.8% YoY.
• The earnings per share (EPS) of PNB Housing Finance Ltd stood at 18.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

PNB Housing Finance Ltd is a leading housing finance company in India, primarily focusing on providing housing loans to individuals and corporate borrowers. The company operates primarily in the financial services industry, specifically within the housing finance sector. PNB Housing Finance offers a range of products including home loans, loans against property, and construction finance, catering to both retail and corporate clients. As a part of the broader financial services sector, the company is influenced by regulatory changes, interest rate fluctuations, and economic conditions affecting the housing market. Recent developments in the company could include strategic partnerships, changes in regulatory environments, or innovations in service delivery, although specific recent events are not detailed here.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), PNB Housing Finance Ltd reported a total income of ₹1943.11 crores. This represents a quarter-over-quarter (QoQ) increase of 3.4% from ₹1879.66 crores in the second quarter of FY25 (Q2FY25) and a year-over-year (YoY) growth of 10.7% from ₹1756.00 crores in the third quarter of FY24 (Q3FY24). The consistent growth in total income indicates a robust revenue stream for the company, which may be attributed to increased lending activities or improved interest income. The financial data suggests that PNB Housing Finance has managed to expand its revenue base over the past year, maintaining upward momentum in its income generation.

Profitability

PNB Housing Finance Ltd's profitability in Q3FY25 shows a positive trend with a profit before tax (PBT) of ₹615.65 crores, reflecting a QoQ increase of 1.8% from ₹604.73 crores in Q2FY25, and a significant YoY growth of 39.8% from ₹440.30 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 reached ₹483.27 crores, marking a 2.9% QoQ rise from ₹469.68 crores in Q2FY25, and an impressive 42.8% YoY increase from ₹338.44 crores in Q3FY24. The earnings per share (EPS) also improved to ₹18.50 in Q3FY25 from ₹18.00 in Q2FY25, showing a 2.8% QoQ rise, and a substantial 42.3% YoY rise from ₹13.00 in Q3FY24. These figures suggest strong profitability growth, driven by effective cost management and possibly enhanced revenue streams.

Operating Metrics

The operating expenses for PNB Housing Finance Ltd in Q3FY25 were ₹1363.59 crores, which shows a QoQ increase of 3.3% from ₹1320.54 crores in Q2FY25, and a YoY increase of 8.5% from ₹1256.60 crores in Q3FY24. This increase in expenses is consistent with the growth in total income, indicating that the company has likely scaled its operations to support revenue growth. The tax expense for Q3FY25 was ₹132.38 crores, which decreased slightly by 2.0% QoQ from ₹135.05 crores in Q2FY25, while showing a 30.0% YoY increase from ₹101.86 crores in Q3FY24. The data reflects the company’s ability to manage its tax liabilities effectively amidst growing profitability. Overall, the operating metrics demonstrate PNB Housing Finance’s expansion efforts and financial management strategies over the past year.