PNB Housing Finance reports strong Q2, half-year profit growth

PNB Housing Finance Limited reported a 23.8% year-over-year increase in net profit to INR 582 crore for Q2 FY26, with half-year net profit rising 23.6% to INR 1,115 crore. Retail loan assets grew 17% YoY to INR 79,439 crore by September 30, 2025, constituting 99.6% of total loan assets. The affordable and emerging markets segments drove growth, contributing 38% of retail loan assets with disbursements growing 30.7% and 23.0% YoY, respectively.

Asset quality improved, with Gross Non-Performing Assets (GNPA) at 1.04% as of September 30, 2025, down from 1.24% a year prior. Return on Assets (ROA) was 2.73% (annualized) for Q2 FY26, and the Capital to Risk Asset Ratio (CRAR) stood at 29.80%. The company maintained strong liquidity, with an average daily Liquidity Coverage Ratio of 169% for Q2 FY26.

Strategic initiatives include expanding branch presence to 365 locations by September 30, 2025, focusing on high-yielding segments, and leveraging technology for operational efficiencies. The board also approved the extension of Mr. Neeraj Manchanda's tenure as chief risk officer until October 28, 2027.