India · Delayed Price · Currency is INR PNB Housing Finance Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw 18% YoY disbursement growth and 15% loan book growth, with strong asset quality and improving yields. Guidance for 18%-20% loan book growth and 50%-60% affordable segment growth is maintained, with margins and ROA expected to improve in H2 as the business mix shifts.
Fiscal Year 2026
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Strong FY 2026 performance with 16% retail loan book growth, improved asset quality (GNPA at 0.93%), and 18% higher net profit. Outlook remains robust with 18%-20% loan growth targeted, continued digital transformation, and focus on affordable and emerging segments.
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Retail loan book grew 16% YoY, with affordable and emerging segments up 31% and now 39% of the book. NIM held at 3.63%, ROA at 2.57%, and gross NPA improved to 1.04%. Guidance for 17%-18% retail loan growth and 3.6%-3.7% NIM is maintained.
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Q2 and H1 FY26 saw robust loan book and disbursement growth, improved asset quality, and strong profitability, with affordable and emerging segments leading expansion. Guidance for 17-18% loan growth and stable NIM is maintained, while asset quality and recoveries remain strong.
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Retail loan book grew 18.1% year-over-year, with strong disbursement growth in affordable and emerging segments. Asset quality improved, NIM guidance raised to 3.7%, and ROE is expected to reach 14-15% in three years.
Fiscal Year 2025
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Retail loan book grew 18.2% year-over-year, with strong gains in affordable and emerging segments, and PAT up 28.2% to INR 1,936 crore. Asset quality improved, NIMs remained stable, and management guided for 18% retail loan growth and stable margins in FY 2026.
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Retail loan book grew 17.5% year-over-year, with strong gains in affordable and emerging segments. Asset quality improved, NIM rose to 3.7%, and PAT increased 43% year-over-year. Guidance for FY25 and FY27 remains robust, with continued focus on high-margin segments.
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Q2 FY25 saw robust growth with retail loan book up 16.2% YoY and strong disbursement momentum, especially in Affordable and Emerging segments. Asset quality improved, NIM held at 3.68%, and guidance for FY25 remains on track with further margin and yield improvements expected as the business mix shifts.
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Q1 FY25 saw robust 19% retail disbursement growth and 14.4% retail loan asset growth, with strong asset quality improvement and a strategic focus on affordable and emerging segments. NIM remained stable at 3.65%, and PAT rose 25% year-over-year to INR 433 crore.