PNB Housing Finance Q1 FY 2026-27: Net Profit At ₹557 Crore; AUM Crosses ₹93,000 Crore

PNB Housing Finance first quarter results for FY 2026-27 were announced on Tuesday. The company reported growth in profit, loan assets and income even as margins remained under pressure. The lender also continued to keep bad loans below the 1% mark while expanding its retail franchise.

The consolidated net profit rose 4% year-on-year to ₹557 crore. Total income and assets under management (AUM) also increased on a YoY basis.

Key Highlights

• Net Interest Income: ₹803 crore (up 6% YoY)

• Net Interest Margin (NIM): 3.5%

• Net Profit: ₹557 crore (up 4% YoY)

• AUM: ₹93,021 crore (up 13% YoY)

• Loan Book: ₹89,670 crore (up 15% YoY)

• Retail Loan Book: ₹89,178 crore (up 16% YoY)

• Gross Non-Performing Assets (GNPA): 0.95%

• Net NPA: 0.58%

• Dividend: ₹8 per share

How Did The Business Perform?

The PNB Housing Finance Q1 FY 2026-27 results reflected continued traction in retail lending. Nearly the entire loan portfolio remained retail-focused, while the Affordable and Emerging Markets businesses continued to gain share within the overall mix. Together, these two segments contributed 41% of the retail portfolio during the quarter.

Business sourcing also picked up. Disbursements touched ₹5,882 crore, marking an 18% increase over the same period last year. Reported disbursements grew after the company shifted to cheque realisation-based recognition from the June quarter. On the earlier cheque handover basis, disbursements were substantially higher than the reported figure.

Asset quality remained one of the strongest aspects of the quarter. Gross non-performing assets stayed below 1% at 0.95%, while recoveries from written-off accounts helped the company report a negative credit cost. Corporate NPAs continued to remain nil.

Margins softened slightly during the quarter as higher leverage and accounting adjustments affected NIM, although the spread remained unchanged at 2.12%. The company also added new branches across the Affordable, Emerging Markets and Prime segments to support future growth.

Management Commentary

Managing Director and CEO Ajai Shukla said the company had entered the new financial year on a stable footing.

"We have started FY27 on a steady note, with AUM growing 13% year-on-year to INR 93,021 crore and our Retail loan book growing 16% year-on-year. The Affordable and Emerging Markets segments continued to be key growth drivers, registering 27% growth and contributing 41% to the Retail loan book. Asset quality continued to be strong, with GNPA at 0.95%, while healthy recoveries from the written-off pool supported our profitability."

He added that investments in distribution and digital capabilities across sourcing, underwriting, servicing and collections would continue to support operational efficiency and long-term growth.

Market Reaction

The PNB Housing Finance Q1 results were announced after market hours. Ahead of the earnings release, PNB Housing Finance shares closed 0.92% lower at ₹1,080 on Tuesday. Over the last one year, the stock has gained nearly 41%.

Also Read - Deepak Nitrite Q1 FY 2026-27 Results