PRE-MARKET
PNB Housing Finance posted a 4.3% rise in June-quarter net profit as loan assets and AUM recorded double-digit growth. Net interest margin narrowed, while asset quality improved with lower gross NPAs despite higher operating expenses during the quarter.
PNB Housing Q1 profit rises 4% as loan book grows 15%
Impact Score
Market Sentiment
↑BullishPrimary Sectors
PNB Housing Finance posted a 4.3% rise in June-quarter net profit as loan assets and AUM recorded double-digit growth. Net interest margin narrowed, while asset quality improved with lower gross NPAs despite higher operating expenses during the quarter.
Key Highlights
PNB Housing Finance posted a 4.3% rise in June-quarter net profit as loan assets and AUM recorded double-digit growth.
Net interest margin narrowed, while asset quality improved with lower gross NPAs despite higher operating expenses during the quarter..
Source
Economic Times
Published
4h ago
Impact Score
75 / 100
Category
Corporate Earnings
Positive near-term momentum expected in Corporate Earnings as market digests this development.
What this means
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