PNB Housing Finance loses 5% as third quarter profit falls 19% year-on-year
The NBFC, which is promoted by state-owned Punjab National Bank, had reported a net profit of Rs 232 crore in the same period a year ago.
PNB Housing Finance’s share price slipped to a low of Rs 462.50 from the previous close of Rs 486.80 on the National Stock Exchange.
The company reported gross non-performing assets of 7.64% and net NPAs of 4.87% as of December 31, according to reports.
Its total operating income stood at Rs 1,482.23 crore, down 5.55% quarter-on-quarter from Rs 1,569.35 crore.
The total comprehensive income of PNB Housing Finance declined by 14.97% from Rs 244.86 crore in the July-September quarter to Rs 208.19 crore in the last quarter.
The company said it had allotted 8,000 shares with a face value of Rs 10 each “following the exercise of stock options by employees”, according to reports, adding that at Rs 10 each, the company reported earnings per share of Rs 10.90 crore (basic) and Rs 10.87 crore (diluted), while its paid up share capital stood at Rs 168.59 crore, a very modest 0.006% sequential increase.
The net worth of the company, as of December 31, 2021, stood at Rs 9,558.30 crore, according to reports.