PNB Housing Finance Q2 results: Net profit jumps 6% YoY to ₹617 crore, disbursements surge 60%

The company recorded a 6% year-on-year (YoY) increase in its consolidated net profit to ₹617 crore during the quarter under review, compared with ₹582 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

Its net interest income (NII) stood at ₹878 crore in the second quarter of FY27, marking a 15% YoY surge from ₹765 crore in the same quarter of the preceding fiscal year, according to a regulatory filing.

However, its net interest margin (NIM) remained flat YoY at 3.67% for the reporting period. It expanded by 17 basis points (bps) quarter-on-quarter (QoQ) from 3.50% in the first quarter of FY27 (Q1 FY27).

Its asset quality improved sequentially, with its gross non-performing assets (GNPA) contracting by 4 bps QoQ to 0.91% in Q2 FY27, as against 0.95% in the quarter-ago period.

Furthermore, the company recovered ₹75 crore in Q2 FY27 from the total written-off pool, which resulted in its credit cost falling by 19 bps.

The firm’s assets under management (AUM) stood at ₹98,210 crore as on 30 September 2026, registering a growth of 17% YoY from ₹83,879 crore in the year-ago period.

Its total disbursements soared 60% YoY to ₹9,609 crore during the quarter under review, compared with ₹5,995 crore in the September quarter of FY26.

PNB Housing Finance’s retail disbursements reached an all-time high of ₹9,250 crore, registering a growth of 54% YoY and 59% QoQ.

What the management said

Commenting on the earnings, Ajai Shukla, Managing Director & CEO of PNB Housing Finance, said: “Q2 FY27 has been another encouraging quarter for PNB Housing Finance as we continued to deliver consistent growth across business parameters. Our focus on granular retail expansion, particularly in the Affordable and Emerging Markets segments, has enabled us to strengthen our market position while maintaining prudent risk discipline.”

He further stated that the company recorded strong growth in its loan assets and achieved its highest-ever retail disbursements. At the same time, he said that the asset quality continued to improve, supported by strong collection performance and sustained recovery efforts.

Shukla added that the firm’s profitability metrics strengthened during the quarter, driven by improved spreads, stable margins and efficient cost management. He said that the company remains committed to driving profitable growth while maintaining a high-quality portfolio and a strong balance sheet.

“As we move into the second half of FY27, we remain confident in the long-term housing finance opportunity and will continue to focus on expanding our retail footprint, enhancing customer experience and delivering sustainable value to our stakeholders,” Shukla further added.

PNB Housing Finance has a total market capitalisation of ₹1.38 lakh crore as of October 28, 2026, according to data on the NSE.