NEW DELHI: PNB Housing Finance has reported a 23.83% increase in net consolidated growth for the quarter ending September 30, 2025. The profit after tax stood at ₹581.59 crore in Q2 FY26, up from ₹469.68 crore in the same quarter last fiscal year, according to a BSE filing.
The company’s net consolidated total income for Q2 FY26 was ₹2,130.60 crore, reflecting a year-on-year growth of 13.35% from ₹1,879.66 crore in the same quarter last year.
Jatul Anand, executive director of PNB Housing Finance, stated, “Despite facing challenges from leadership transitions, we’ve shown robust performance across key metrics this quarter. Our spreads improved to 2.26% in Q2 FY26, up from 2.23% in Q1 FY26, showcasing effective pricing and portfolio mix optimization. Looking forward to FY26, our focus is on enhancing retail growth and expanding into affordable and emerging markets.”
During the first half of the fiscal year ending September 30, 2025, the company allocated 5,83,520 equity shares of ₹10 each due to employee stock options and restricted stock units.
As of September 30, 2025, the net worth was ₹17,970.63 crore, with a debt-equity ratio of 3.63 and total debts to total assets at 0.76. The net profit margin reached 27.30%, with gross non-performing assets (NPAs) at 1.04% and net NPA at 0.69%. The company recovered ₹59 crore from the total written-off pool in Q2 FY26.
Return on assets stood at 2.73% for Q2 FY26, compared to 2.65% for H1 FY26, while the capital risk adequacy ratio (CRAR) was 29.80% as of September 30, 2025. Assets under management (AUM) increased by 12.3% year-on-year, totaling ₹83,879 crore as of September 30, 2025. The loan asset grew 17% year-on-year to ₹79,439 crore, with the affordable and emerging market segment witnessing a 34% year-on-year growth, now contributing 38% to the retail loan asset.
Disbursements in Q2 FY26 grew by 12.2% year-on-year to ₹5,995 crore, with the affordable segment increasing by 30.7% year-on-year to ₹823 crore, and the emerging markets segment rising by 23% year-on-year to ₹2,122 crore.
The cost of borrowing was recorded at 7.69% in Q2 FY26, compared to 7.84% in Q2 FY25. The spread on loans was 2.26% in Q2 FY26 versus 2.21% in Q2 FY25. With the increase in recovery from the written-off pool, the credit cost was -53 bps in Q2 FY26, compared to -24 bps in Q2 FY25.
The corporate loan book decreased to ₹332 crore as of September 30, 2025, reflecting a 78.3% drop compared to September 30, 2024.
