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PNB Housing Finance Q4 FY26: GNPA Hits Milestone <1%, Retail Assets Grow 16% YoY
PNB Housing Finance reported a strong performance for FY26, highlighted by its Gross NPA falling below the 1% mark to 0.93%. Retail loan assets grew 16% YoY to INR 86,946 crore, driven by record quarterly disbursements of INR 9,020 crore in Q4. The company successfully revived its corporate segment and expanded its branch network to 393 locations, focusing on high-yielding affordable and emerging markets. Profitability remained robust with an ROA of 2.66% and a healthy NIM of 3.69% for the final quarter.
Key Highlights
Retail disbursements reached an all-time high of INR 9,020 crore in Q4 FY26, up 32% YoY.
Gross NPA improved significantly to 0.93% from 1.08% a year ago, with Net NPA at 0.57%.
Affordable segment loan assets surged 61% YoY to INR 8,153 crore, becoming a key growth driver.
Net Interest Margin (NIM) for Q4 FY26 stood at 3.69%, showing sequential improvement from 3.63% in Q3.
Capital Adequacy Ratio remains strong at 27.26% with a book value per share of INR 738.
💼 Action for Investors
Investors should view the significant improvement in asset quality and the successful pivot towards high-yield affordable housing as strong positive indicators. The revival of the corporate book and robust retail growth suggest a sustainable and balanced expansion strategy.
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PNB Housing Q4 FY26 PAT Rises 19% to ₹656 Cr; GNPA Drops Below 1%
PNB Housing Finance reported a robust performance for FY26, with annual PAT growing 18.3% to ₹2,291 crore. The company achieved a significant milestone as Assets Under Management (AUM) crossed ₹90,000 crore, driven by a 16% YoY growth in retail assets. Asset quality improved remarkably with Gross NPA falling to 0.93%, while the board recommended a dividend of ₹8 per share. The quarter also marked a strategic re-entry into corporate lending with disbursements of ₹335 crore.
Key Highlights
Q4 FY26 PAT increased 19.2% YoY to ₹656 crore, while full-year FY26 PAT rose 18.3% to ₹2,291 crore.
Gross NPA improved significantly to 0.93% from 1.08% YoY, reaching sub-1% levels for the first time in recent years.
AUM crossed the ₹90,000 crore milestone, with retail loan assets now comprising 99.5% of the total loan book.
Q4 disbursements surged 36.5% YoY to ₹9,355 crore, including an all-time high retail disbursement of ₹9,020 crore.
Board recommended a dividend of ₹8 per equity share (80% of face value) for the financial year 2025-26.
💼 Action for Investors
Investors should take note of the significant improvement in asset quality and the successful scaling of the retail and affordable housing segments. The re-entry into corporate lending and healthy ROA of 2.66% suggest a balanced growth strategy that warrants a positive outlook.
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PNB Housing Finance FY26 Net Profit Rises 18.3% to ₹2,291 Cr; Recommends ₹8 Dividend
PNB Housing Finance reported a strong set of numbers for the financial year ended March 31, 2026, with consolidated net profit growing 18.3% YoY to ₹2,291.24 crore. The company's loan book expanded significantly to ₹86,433 crore, representing a 15.8% growth over the previous year. For Q4 FY26, net profit stood at ₹655.80 crore, up 19.1% compared to the same period last year, aided by improved asset quality and lower impairment costs. Additionally, the Board has recommended a final dividend of ₹8 per equity share.
Key Highlights
Consolidated Net Profit for FY26 increased by 18.3% YoY to ₹2,291.24 crore.
Total Revenue from operations grew 10.9% YoY to ₹8,504.52 crore for the full year.
Loan assets reached ₹86,433.37 crore as of March 31, 2026, up from ₹74,645.32 crore a year ago.
Board recommended a final dividend of ₹8 per equity share of face value ₹10.
Basic Earnings Per Share (EPS) improved to ₹88.01 for FY26 from ₹74.52 in FY25.
💼 Action for Investors
The robust growth in the loan book and double-digit profit growth indicate strong operational momentum. Investors may consider holding the stock given the healthy dividend payout and improving asset quality metrics.
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PNB Housing Finance FY26 Net Profit Up 18% to ₹2,291 Cr; ₹8 Dividend Declared
PNB Housing Finance reported a strong consolidated net profit of ₹2,291.24 crore for FY26, marking an 18.3% increase from the previous year. The company's loan book grew by 15.8% to reach ₹86,433.37 crore, indicating robust demand in the housing finance sector. In light of the strong performance, the Board has recommended a final dividend of ₹8 per equity share. The company also saw an improvement in its earnings per share, which rose to ₹88.01 from ₹74.52 in FY25.
Key Highlights
Consolidated Net Profit for FY26 rose 18.3% YoY to ₹2,291.24 crore.
Board recommended a final dividend of ₹8 per equity share for FY26.
Total loan assets increased to ₹86,433.37 crore as of March 31, 2026, up from ₹74,645.32 crore.
Q4 FY26 net profit grew 19.1% YoY to ₹655.80 crore.
Annual Basic EPS improved significantly to ₹88.01 compared to ₹74.52 in the previous fiscal.
💼 Action for Investors
Investors should consider the steady growth in the loan book and double-digit profit increase as positive indicators of the company's scaling capabilities. The ₹8 dividend provides a decent yield, making it attractive for long-term portfolios focused portfolios.
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PNB Housing Finance FY26 Net Profit Rises 18% to ₹2,291 Cr; Recommends ₹8 Dividend
PNB Housing Finance reported a strong financial performance for FY26, with consolidated net profit growing 18.3% year-on-year to ₹2,291.24 crore. Total revenue from operations increased by 11% to ₹8,504.52 crore, supported by a 15.8% expansion in the loan book to ₹86,433.37 crore. The company demonstrated significant improvement in asset quality, recording a net impairment reversal of ₹386.15 crore compared to ₹158.53 crore in the previous year. Consequently, the Board has recommended a final dividend of ₹8 per equity share.
Key Highlights
Consolidated Net Profit for FY26 increased 18.3% YoY to ₹2,291.24 crore.
Loan assets grew by 15.8% reaching ₹86,433.37 crore as of March 31, 2026.
Recommended a final dividend of ₹8 per equity share of face value ₹10.
Total revenue from operations for the full year rose to ₹8,504.52 crore from ₹7,665.35 crore.
Significant improvement in asset quality with a net impairment reversal of ₹386.15 crore in FY26.
💼 Action for Investors
The strong growth in the loan book and bottom line, coupled with a healthy dividend payout, indicates a robust recovery and growth phase. Investors may consider holding or accumulating on dips as asset quality continues to improve.
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PNB Housing Finance Allots NCDs Worth ₹300 Crore at Floating Rate
PNB Housing Finance has successfully raised ₹300 crore through the private placement of 30,000 Non-Convertible Debentures (NCDs). These secured, rated NCDs have a face value of ₹1 lakh each and a tenure of three years, maturing on March 30, 2029. The interest rate is structured as a floating rate, starting at 7.10% for the first coupon and subsequently linked to the 3-month T-Bill plus a spread of 187 bps. This capital raise is intended to support the company's lending operations and strengthen its liquidity profile.
Key Highlights
Allotment of 30,000 secured, rated, taxable NCDs aggregating to ₹300 crore
Floating interest rate starting at 7.10%, resetting based on 3-month T-Bill plus 187 bps spread
Instrument tenure of 3 years with full redemption scheduled for March 30, 2029
Quarterly interest payment schedule with the first payment due on June 30, 2026
Secured by exclusive charge on specific book debts with a minimum security coverage of 1 time
💼 Action for Investors
Investors should view this as a positive step for growth capital and liquidity management. Monitor the company's ability to maintain healthy net interest margins (NIMs) given the floating rate nature of this borrowing.
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PNB Housing Shareholders Approve Ajai Kumar Shukla as MD & CEO with 99.5% Majority
PNB Housing Finance shareholders have officially approved the appointment of Mr. Ajai Kumar Shukla as the Managing Director and Chief Executive Officer through a postal ballot. The resolution received overwhelming support with 99.50% of votes in favor. Additionally, shareholders approved the appointment of Mr. Dipankar Mahapatra as a Nominee Non-Executive Director and the payment of sitting fees to Mr. Dilip Kumar Jain. While the CEO appointment was nearly unanimous, the director appointment for Mr. Mahapatra saw 12.23% dissent, primarily from institutional investors.
Key Highlights
Appointment of Mr. Ajai Kumar Shukla as MD & CEO approved with 21.11 crore votes (99.50%) in favor.
Mr. Dipankar Mahapatra appointed as Nominee Non-Executive Director with 87.77% approval.
Institutional investors showed notable dissent on the director appointment, with 18.6% of institutional votes cast against Mr. Mahapatra.
Payment of sitting fees to Mr. Dilip Kumar Jain approved with a near-unanimous 99.92% majority.
Total voting participation represented approximately 81.48% of the total paid-up share capital.
💼 Action for Investors
The formalization of the MD & CEO's appointment provides leadership stability which is a positive signal for the company's strategic execution. Investors should monitor upcoming quarterly results for any shifts in growth strategy under the confirmed leadership.
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PNB Housing Shareholders Approve Ajai Kumar Shukla as MD & CEO with 99.5% Majority
PNB Housing Finance Limited has announced the results of its postal ballot, where shareholders approved the appointment of Mr. Ajai Kumar Shukla as Managing Director and CEO. The resolution for the CEO appointment passed with overwhelming support, receiving 99.5% of votes in favor. Shareholders also approved the appointment of Mr. Dipankar Mahapatra as a Nominee Non-Executive Director, though this resolution saw a notable 12.23% dissent, largely from institutional investors. These appointments formalize the company's top leadership structure and governance for the upcoming period.
Key Highlights
Appointment of Mr. Ajai Kumar Shukla as MD & CEO approved with 99.50% votes in favor.
Mr. Dipankar Mahapatra appointed as Nominee Non-Executive Director with 87.77% approval.
Public Institutions recorded a significant 18.60% dissent against the Nominee Director appointment.
Resolution for payment of sitting fees to Mr. Dilip Kumar Jain passed with 99.92% majority.
Total voting participation was high, with approximately 81.48% of outstanding shares polled.
💼 Action for Investors
Investors should welcome the formal appointment of the MD & CEO as it provides leadership stability. While the nominee director appointment faced some institutional resistance, the overall management transition is now legally finalized.
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PNB Housing Finance Allots NCDs Worth Rs 305 Crore at 7.59% Coupon
PNB Housing Finance has successfully allotted 30,500 secured, rated, and redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total capital raised through this issuance amounts to Rs 305 crore with a fixed coupon rate of 7.59% per annum. The NCDs have a tenure of 5 years and are scheduled for maturity on February 27, 2031. This fundraising activity is part of the company's regular operations to manage its liquidity and support its lending business.
Key Highlights
Allotted 30,500 NCDs with a face value of Rs 1,00,000 each, aggregating to Rs 305 crore
The coupon rate is set at 7.59% per annum with annual interest payment cycles
The instruments have a 5-year tenure with a final maturity date of February 27, 2031
NCDs are secured by an exclusive charge on specific book debts with a minimum security coverage of 1 time
Issuance was conducted via the Electronic Book Provider (EBP) platform of the National Stock Exchange
💼 Action for Investors
Investors should view this as a routine capital-raising exercise to fund growth; monitor the company's overall cost of funds and net interest margins in upcoming quarters.
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PNB Housing Finance Seeks Approval for New MD & CEO and Director Appointments
PNB Housing Finance has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Ajai Kumar Shukla as Managing Director and CEO for a five-year term starting December 18, 2025. The company is also seeking approval for the appointment of Mr. Dipankar Mahapatra as a Nominee Non-Executive Director for five years and the payment of sitting fees to Mr. Dilip Kumar Jain. The remote e-voting period is scheduled from February 11, 2026, to March 12, 2026, with results expected by March 14, 2026. These leadership changes are pivotal for the company's long-term strategic and operational oversight.
Key Highlights
Appointment of Mr. Ajai Kumar Shukla as MD & CEO for a 5-year tenure effective December 18, 2025
Proposed appointment of Mr. Dipankar Mahapatra as Nominee Non-Executive Director for 5 years from February 5, 2026
Resolution for payment of sitting fees to Mr. Dilip Kumar Jain, a Non-Executive Nominee Director
Remote e-voting period set from February 11, 2026, to March 12, 2026
Cut-off date for determining voting eligibility is Friday, February 06, 2026
💼 Action for Investors
Investors should monitor the strategic direction under the new MD & CEO and participate in the e-voting process to ensure robust corporate governance.
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PNB Housing Q3 FY26: Retail Loan Assets Up 16% YoY to ₹81,931 Cr; GNPA Stable at 1.04%
PNB Housing Finance reported a 16% YoY growth in retail loan assets to ₹81,931 crore for Q3 FY26, driven by strong performance in the Affordable and Emerging Markets segments. Asset quality remained stable with Gross NPA at 1.04% and Net NPA at 0.68%, alongside a healthy Capital Adequacy Ratio of 29.46%. While Net Interest Margin (NIM) saw a slight sequential compression to 3.63%, the cost of borrowing improved significantly to 7.50%. The company also recovered ₹49 crore from written-off accounts during the quarter.
Key Highlights
Retail Loan Asset grew 16% YoY to ₹81,931 crore, with the Affordable segment surging 86% YoY to ₹7,140 crore.
Gross NPA improved to 1.04% from 1.21% YoY; Net NPA stood at 0.68%.
Net Interest Margin (NIM) stood at 3.63% for Q3 FY26, while Cost of Borrowing improved to 7.50% from 7.69% in Q2 FY26.
Capital Adequacy Ratio remains robust at 29.46% with a Book Value per share of ₹710.
Affordable and Emerging Markets segments now contribute 50% of total retail disbursements.
💼 Action for Investors
Investors should focus on the company's successful pivot toward high-yield affordable housing and its improving asset quality metrics. The strong capital position and declining cost of funds provide a solid foundation for sustainable growth.
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PNB Housing Q3 FY26: Retail Loan Book Grows 16% YoY, GNPA Improves to 1.04%
PNB Housing Finance reported a steady Q3 FY26 with its retail loan book reaching INR 81,931 crore, driven by 31% growth in Affordable and Emerging Market segments. While overall retail disbursements grew 16% YoY, the Affordable segment faced a temporary 15% decline due to strategic recalibration in specific southern markets following government ordinances. Asset quality remains a highlight, with GNPA improving to 1.04% and a negative credit cost of 19 bps supported by INR 49 crore in recoveries. The company is diversifying its portfolio by re-entering Construction Finance and starting Emerging Developer Finance to enhance yields.
Key Highlights
Retail loan book grew 16% YoY to INR 81,931 crore, with Affordable and Emerging segments now comprising 39% of the book.
Gross NPA improved to 1.04% from 1.19% YoY, while credit costs remained negative at -19 bps due to strong recoveries.
Net Interest Margin (NIM) stood at 3.63%, supported by a 19 bps sequential reduction in the cost of borrowing to 7.50%.
Profit After Tax (PAT) increased 7.7% YoY to INR 520 crore, achieving an annualized ROA of 2.57% for 9M FY26.
Management announced a strategic entry into Construction Finance and Emerging Developer Finance with ticket sizes of INR 25-30 crore.
💼 Action for Investors
Investors should monitor the stabilization of affordable housing disbursements in Q4 and the impact of the new developer finance segment on overall yields. The company's strong asset quality and focus on high-growth emerging markets provide a positive long-term outlook.
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PNB Housing Reports Rs 237.43 Cr Fraud in Previously Written-off Account
PNB Housing Finance has officially declared a fraud involving M/s. Sarv Realtors Private Limited amounting to Rs 237.43 crore. The company has reported the matter to the National Housing Bank in compliance with regulatory requirements. Importantly, the account was already written off during the 2022-23 financial year, which means there is no fresh material impact on current financials or operations. The company is currently pursuing appropriate legal action against the borrower.
Key Highlights
Fraud of Rs 237.43 crore reported in the account of M/s. Sarv Realtors Private Limited
Account was already written off in FY 2022-23, resulting in zero impact on current P&L
Matter has been formally reported to the National Housing Bank (NHB)
Company is actively pursuing legal action for recovery
💼 Action for Investors
Investors should note that this is a legacy issue with no new financial liability for the company. No immediate action is required, but monitoring the progress of legal recoveries is advised.
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PNB Housing Finance Reports ₹237.43 Crore Fraud in Previously Written-Off Account
PNB Housing Finance has officially declared a fraud involving a borrower, M/s. Sarv Realtors Private Limited, amounting to ₹237.43 Crore. The company clarified that this specific account was already written off during the financial year 2022-23, meaning the financial loss has already been accounted for in previous years. Consequently, there is no fresh material impact on the company's current financial statements or operations. The matter has been reported to the National Housing Bank (NHB) and legal actions are being pursued.
Key Highlights
Fraud reported in the account of M/s. Sarv Realtors Private Limited totaling ₹237.43 Crore.
The account was already written off in FY 2022-23, resulting in no current financial impact.
Matter formally reported to the National Housing Bank (NHB) as per regulatory requirements.
Company is actively pursuing legal action against the borrower for recovery.
No material impact on the overall financials or operations of the company is expected.
💼 Action for Investors
Investors should view this as a legacy issue that has already been provisioned and written off. No immediate action is required as it does not affect the company's current profitability or capital adequacy.
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PNB Housing Q3 FY26 Net Profit Up 7.7% YoY to ₹520 Cr; Retail Assets Grow 16%
PNB Housing Finance reported a steady year-on-year performance for Q3 FY26, with net profit rising 7.7% to ₹520 crore, despite a 10.5% sequential decline. The retail loan book remains the primary growth driver, increasing 16% YoY to ₹81,931 crore and now constituting 99.7% of total assets. Asset quality remains healthy with Gross NPA at 1.04% and Net NPA at 0.68%. The company's strategic focus on the Affordable and Emerging Markets segment is yielding results, with that segment growing 31% YoY and accounting for 39% of the retail book.
Key Highlights
Retail loan assets grew 16% YoY to ₹81,931 crore, representing 99.7% of the total loan book.
Net profit for 9M FY26 increased by 18% YoY to ₹1,635 crore, while Q3 profit stood at ₹520 crore.
Gross NPA improved to 1.04% from 1.19% YoY, with corporate GNPA remaining at NIL.
Affordable and Emerging Markets segment grew 31% YoY, contributing 50% of total retail disbursements.
Capital Adequacy Ratio remains strong at 29.46% with Tier I capital at 28.92%.
💼 Action for Investors
Investors should note the successful transition to a retail-centric model and the high growth in the affordable housing segment. While NIMs saw a slight compression to 3.63%, the robust asset quality and strong capital position support long-term growth prospects.
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PNB Housing Q3 FY26: Retail Loan Asset up 16% YoY to ₹81,931 Cr; GNPA stable at 1.04%
PNB Housing Finance reported a robust 16% YoY growth in its retail loan asset, reaching ₹81,931 crore as of December 31, 2025. Asset quality remains a key strength, with Gross NPA stable at 1.04% and the corporate book maintaining zero NPA status. The company's strategic shift is evident as the Affordable and Emerging Markets segments now contribute 50% of total retail disbursements. While Net Interest Margin (NIM) saw a slight sequential compression to 3.63%, the overall Return on Assets (ROA) for 9M FY26 improved to 2.57% from 2.48% YoY.
Key Highlights
Retail Loan Asset grew 16% YoY to ₹81,931 Cr, with the Affordable segment surging 86% YoY to ₹7,140 Cr.
Gross NPA and Net NPA stood at 1.04% and 0.68% respectively, improving from 1.21% and 0.81% a year ago.
Net Interest Margin (NIM) for Q3 FY26 was 3.63%, while the Cost of Borrowing improved to 7.50% from 7.69% QoQ.
Recovered ₹49 Cr from the written-off pool in Q3 FY26, bringing 9M FY26 total recoveries to ₹165 Cr.
Capital Adequacy Ratio remains strong at 29.46% with a Book Value per share increasing to ₹710.
💼 Action for Investors
Investors should find confidence in the company's successful transition toward a retail-heavy, high-yield affordable housing portfolio and its stable asset quality. The strong capital position and improving ROA make it a solid pick in the housing finance space, though NIM trends should be monitored.
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PNB Housing Finance Q3 FY26 Net Profit Rises 7.7% YoY to ₹520.35 Crore
PNB Housing Finance reported a steady performance for the quarter ended December 31, 2025, with consolidated net profit growing 7.7% year-on-year to ₹520.35 crore. Total income for the quarter reached ₹2,120.66 crore, representing a 9.1% increase from ₹1,943.11 crore in the same period last year. For the nine-month period ended December 2025, the company's profit showed a robust growth of 18%, totaling ₹1,635.44 crore. The company maintained a clean balance sheet during the quarter with no transfers or acquisitions of stressed loans.
Key Highlights
Consolidated Net Profit for Q3 FY26 increased to ₹520.35 crore from ₹483.27 crore in Q3 FY25.
Total Income for the quarter rose 9.1% YoY to ₹2,120.66 crore compared to ₹1,943.11 crore.
Nine-month (9M FY26) Net Profit grew significantly by 18% YoY to reach ₹1,635.44 crore.
Basic Earnings Per Share (EPS) for the quarter improved to ₹19.97 from ₹18.60 YoY.
The company reported zero transfers or acquisitions of stressed loans during the quarter ended December 31, 2025.
💼 Action for Investors
Investors should take note of the consistent bottom-line growth and stable asset quality. The stock remains a watch for further improvement in disbursements and margin stability in the affordable housing segment.
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PNB Housing Finance Q3 FY26 Net Profit Rises 7.7% YoY to ₹520.35 Crore
PNB Housing Finance reported a steady consolidated net profit of ₹520.35 crore for Q3 FY26, up from ₹483.27 crore in the same quarter last year. Total income for the quarter grew by 9.1% YoY to reach ₹2,120.66 crore, driven by consistent interest income. For the nine-month period ended December 2025, the company's net profit surged 18% YoY to ₹1,635.44 crore. The results are supported by a net reversal in impairment allowances, indicating improved asset quality management.
Key Highlights
Consolidated Net Profit for Q3 FY26 stood at ₹520.35 crore, a 7.7% increase YoY.
Total Income for the quarter rose to ₹2,120.66 crore compared to ₹1,943.11 crore in Q3 FY25.
9M FY26 Net Profit reached ₹1,635.44 crore, reflecting an 18% growth over 9M FY25.
Impairment on financial instruments showed a net reversal of ₹40.53 crore during the quarter.
Basic Earnings Per Share (EPS) improved to ₹19.97 for the quarter from ₹18.60 in the previous year.
💼 Action for Investors
The company demonstrates healthy profit growth and efficient credit cost management through impairment reversals. Investors should maintain a positive outlook while monitoring the cost of funds and retail loan disbursements in upcoming quarters.
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PNB Housing Finance Allots NCDs Worth Rs 375 Crore at 7.53% Coupon
PNB Housing Finance has successfully allotted 37,500 secured, rated, and taxable Non-Convertible Debentures (NCDs) on January 13, 2026. The issue raised a total of Rs 375 crore through a private placement on the NSE's Electronic Book Provider platform. These debentures carry a competitive coupon rate of 7.5343% per annum with a five-year tenure. This fundraise is part of the company's routine capital-raising activities to support its lending book and manage liquidity.
Key Highlights
Allotment of 37,500 NCDs with a face value of Rs 1,00,000 each, aggregating to Rs 375 crore
Fixed coupon rate of 7.5343% per annum with annual interest payment schedule
Instrument has a 5-year tenure with maturity set for January 13, 2031
Secured by an exclusive charge on specific book debts with a minimum asset cover of 1.0x
Default penalty clause includes an additional interest of 2% p.a. over the coupon rate
💼 Action for Investors
Investors should monitor the company's ability to deploy these funds into high-yield housing loans to maintain margins. The successful fundraise at a sub-8% rate reflects stable credit confidence in the company.
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India Ratings Assigns 'IND AAA'/Stable to PNB Housing's INR 50 Billion Additional Bank Loans
India Ratings has assigned a top-tier 'IND AAA' rating with a Stable outlook to PNB Housing Finance's additional bank loans worth INR 50 billion. The agency also reaffirmed the 'IND AAA' rating for existing bank loans of INR 65 billion and NCDs worth INR 49.55 billion. This rating reflects the company's strong capital buffers, with a tangible net worth of INR 178.6 billion as of 1HFY26, and its strategic importance to Punjab National Bank. Profitability has shown consistent improvement, with Return on Assets (RoA) rising to 2.76% in 1HFY26 compared to 2.52% in FY25.
Key Highlights
Assigned 'IND AAA'/Stable rating to new bank loan facilities worth INR 50 billion
Affirmed 'IND AAA'/Stable rating for INR 65 billion in existing bank loans and INR 49.55 billion in NCDs
Gross NPAs improved significantly to 1.04% in 1HFY26 from 3.8% in FY23
Tangible net worth reached INR 178.6 billion with a stable leverage ratio of 3.6x
AUM grew to INR 839 billion as of September 2025 with a fully granularized retail-focused book
💼 Action for Investors
The highest credit rating reaffirmation underscores PNB Housing's successful turnaround and strong liquidity position. Investors can remain confident in the company's debt-servicing capability and its shift towards a lower-risk retail lending model.