PNB Housing Finance Results Earnings Call for Q4FY24
Conference Call with PNB Housing Finance Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.29-04-2024
29-04-2024
PNB Housing Finance Ltd - 540173 - Half Yearly Disclosure On Related Party Transactions
Please find enclosed half yearly disclosure on Related Party Transactions for the half year ended March 31, 2024.29-04-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for PNB Housing Finance Ltd.
Housing Finance company PNB Housing Finance announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net profit increased by 57% YoY and 30% QoQ to Rs 439 crore Net Interest Income grew by 7% YoY and 6% QoQ to Rs 632 crore Operating expenditure increased by 23% YoY and 6% QoQ to Rs 176 crore primarily, on account of branch expansion and upgradation of IT infrastructure. Yield at 10.08% in Q4FY24 as compared to 10.19% in Q3 FY24 and 10.41% in Q4FY23. Cost of Borrowing at 7.98% in Q4FY24 as compared to 8.07% (excluding one-off the CoB is 7.98%) in Q3FY24 and 7.76% in Q4FY23. Spread on loans is at 2.10% in Q4FY24 as compared to 2.12% in Q3FY24 and 2.65% in Q4FY23. Net Interest Margin stood at 3.65% in Q4FY24 as compared to 3.49% in Q3FY24 and 3.74% in Q4FY23. Gross Margin, net of acquisition cost, stood at 4.18% in Q4FY24. Credit Cost at 4 bps in Q4FY24 as compared to 34 bps in Q3FY24 and 89 bps in Q4FY23. FY24 Financial Highlights: Profit after Tax is at Rs 1,508 crore vs Rs 1,046 crore registering an increase of 44% YoY. Net Interest Income stood at Rs 2,516 crore compared to Rs 2,346 crore registering a growth of 7%. Operating Expenditure is at Rs 659 crore vs Rs 520 crore registering an increase of 27%. Pre-provision Operating Profit stood at Rs 2,125 crore as against Rs 2,052 crore registering a growth of 4%. Excluding one off in FY23, Pre-provision Operating Profit registered a growth of 17%. ECL provision as on 31st Mar 2024 is Rs 1,250 crore resulting in total provision to assets ratio at 1.91%. The Stage 3 Provision coverage ratio is at 37.4%. Spread on loans stood at 2.34% compared to 2.81% for FY23. Net Interest Margin stood at 3.74% as compared to 3.73% in FY23. Gross Margin, net of acquisition cost, is at 4.02% as compared to 4.06% in FY23. Credit cost for FY24 is at 0.25% as compared to 1.07% in FY23 Return on Asset is at 2.20% as compared to 1.61% in FY23. Return on Equity at 10.90% as compared to 9.98% for FY23 Commenting on the performance Girish Kousgi, Managing Director & CEO said: “During the Financial Year 2023-24, the Company made significant progress across various business and financial parameters. The completion of a successful fund-raise via Rights Issue underscores the confidence of our shareholders. Moreover, our expansion into high yielding affordable segment and the growth of our retail loan book showcases our commitment towards meeting diverse market needs. With the opening of new branches, we have not only expanded our reach but also strengthened our presence in tier II & III markets. We have witnessed a remarkable improvement in the asset quality, which reduced by 57% year-on-year. As we move ahead, we look forward with optimism that our fundamentals position us well to achieve the desired growth and profitability.” Result PDF29-04-2024
PNB Housing Finance Ltd - 540173 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the Investor Presentation of the Company for the quarter and financial year ended March 31, 2024.29-04-2024
PNB Housing Finance Ltd - 540173 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed Press Release post Q4 and financial year ended March 31, 2024, financial results.29-04-2024
PNB Housing Finance Ltd - 540173 - Statement Of Deviation For Q4 FY2024
Please find enclosed ''Nil'' statement of deviation/ variation in the use of issue proceeds from Equity mode of fund raising.29-04-2024
PNB Housing Finance Ltd - 540173 - Board Meeting Outcome for Financial Results (Standalone And Consolidated) For Quarter And Financial Year Ended March 31, 2024
Please find enclosed the financial results for the quarter and financial year ended March 31, 2024.29-04-2024
PNB Housing Finance Ltd - 540173 - Financial Results (Standalone And Consolidated) For Quarter And Year Ended March 31, 2024
This is to inform you that the Company has submitted quick results along with annexures. Kindly refer the attached document.29-04-2024
PNB Housing Finance Ltd - 540173 - Voting Results Of Postal Ballot Along With Scrutinizer'S Report - Reg. 44(3) Of SEBI (LODR), 2015
Please find enclosed report on e-voting results dated April 27, 2024 issued by the Scrutinizer, pursuant to Section 108 of the Companies Act, 2013. For details refer enclosure.27-04-2024
PNB Housing Finance Ltd - 540173 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Please find enclosed report on e-voting results dated April 27, 2024 issued by the Scrutinizer, pursuant to Section 108 of the Companies Act, 2013. For details refer enclosure.27-04-2024