Q2 2025 PNB Housing Finance Ltd Earnings Call Transcript
Key Points
- PNB Housing Finance Ltd (BOM:540173) reported a strong financial performance with a 28% growth in disbursements and a 16.2% growth in the retail loan book.
- The company achieved a significant milestone by crossing the 3,000 crore mark in the affordable loan segment, showing a remarkable growth of 300% year-on-year.
- The net interest margin improved to 3.68% during the quarter, driven by a reduction in the cost of borrowing to 7.84%.
- The company's asset quality improved, with the gross non-performing assets (GNPA) ratio decreasing to 1.24% from 1.35% in the previous quarter.
- PNB Housing Finance Ltd (BOM:540173) plans to expand its branch network by opening 15 new branches, focusing on affordable and emerging markets, which is expected to drive future growth.
- The corporate loan book has been declining, which has impacted the overall interest income growth, despite the strong performance in the retail segment.
- Operating expenses increased by 19% year-on-year, primarily due to branch expansion, which could pressure profitability if not managed effectively.
- The company faces challenges in maintaining its net interest margin above 3.5% due to potential rate cuts and competitive pressures in the prime segment.
- There is a significant reliance on the affordable and emerging market segments for growth, which may expose the company to higher credit risks.
- The incremental yield in the affordable segment, although improved, may face pressure from competitive pricing and potential interest rate cuts in the future.
Good day and welcome to the PNB Housing Finance Limited Q2 and H one FY 2024-2025 conference call of PNB Housing Finance Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Miss Gita Nayyar from PNB Housing Finance Limited.
Thank you and over to you, ma'am even and welcome everyone. We are here to discuss the NB Housing Finance Q2 and H one FY 2024-2025 of them.
You must have seen our business and financial numbers in the presentation and the purchase shared with the stock exchanges and is also available on our website. We would like to apologize because we could upload the presentation and the test just few minutes back due to some technical error, we
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