![PNB Housing Finance Q3 Results: Net profit down 21.27 percent QoQ to Rs 651.96 crore, total revenue too falls 5.55 percent to Rs 1,482.23 crore PNB Housing Finance Q3 Results: Net profit down 21.27 percent QoQ to Rs 651.96 crore, total revenue too falls 5.55 percent to Rs 1,482.23 crore](https://images.cnbctv18.com/wp-content/uploads/2020/06/PBB-Hosuing-Finance.png?impolicy=website&width=590&height=264)
PNB Housing Finance Limited today reported a net profit after taxes (PAT) of Rs 651.96 crore and a net profit margin of 13.78 percent for the quarter ended December 31, 2021. In its quarterly earnings report, the company reported gross non-performing assets (GNPAs) of 7.64 percent and net NPAs of 4.87 percent.
Overall, the results were disappointing, as nearly every metric fell in the latest compared to the second quarter of the fiscal.
The company reported total revenue from operations at Rs 1,482.23 crore, a quarter-on-quarter decrease of 5.55 percent from Rs 1,569.35 crore.
According to the report, the company's net profit after tax for Q3FY22 stood at Rs 183.69 crore, which was down a sharp 21.27 percent QoQ from Rs 233.31 crore reported in Q2FY22.
PNB Housing said in the report that its total comprehensive income witnessed a 14.97 percent fall, from Rs 244.86 crore in Q2FY22 to Rs 208.19 crore in the latest quarter.
Also read:
In the report, the company stated, "There were 89 borrower accounts having an aggregate exposure of
Further, the company said it allotted 8,000 shares at a face value of Rs 10 each "pursuant to exercise of stock options by employees". 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 equity share capital stood at Rs 168.59 crore, a very modest 0.006 percent QoQ increase.
As per the report, the company's net worth, as of December 31, 2021, stood at Rs 9,558.30 crore.
(Edited by : Vijay Anand)
First Published: Jan 20, 2022 9:33 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
![](/static/images/loksabha2024/loksabha2024.png)
![](/static/images/loksabha2024/loksabha2024.png)
Odisha's new CM — who is Mohan Charan Majhi and what prompted the BJP to choose him
Jun 13, 2024 2:54 PM
Election 2024: 504 out of 543 newly-elected MPs are ‘crorepatis’ – Check 10 richest members in 18th Lok Sabha
Jun 12, 2024 9:55 PM
BJP to start nationwide organisational rejig, new party president to be elected soon
Jun 12, 2024 9:31 AM
New Lok Sabha Speaker to be elected in special 8-day session: Report
Jun 11, 2024 6:28 PM