PNB Housing Finance shares soar 7% to 52-week high as NII jumps to ₹803 crore in Q1, AUM grows 13% YoY; key details

At around 11:18 AM, the stock was trading 4.74% higher at ₹1,131.20 per equity share. It touched a year’s low of ₹1,070.20 apiece on March 9, 2025.

The scrip has gained 7% in the past week and 6% over the month. On a year-to-date (YTD) basis, it has jumped 15%.

Q1 results

PNB Housing Finance on Tuesday reported a 4.3% year-on-year (YoY) increase in its net standalone profit to ₹557 crore for the first quarter ended June.

The housing finance firm had earned a net profit of ₹534 crore in the same quarter of the preceding financial year, according to a regulatory filing.

The company's total income for the quarter grew to ₹2,265 crore from ₹2,082 crore in the corresponding quarter of the previous fiscal, it stated.

Interest income for the quarter rose to ₹2,138 crore compared to ₹1,980 crore a year ago.

The net interest income (NII) surged 6% YoY to ₹803 crore during the quarter under review, as against ₹760 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

However, its net interest margin (NIM) declined by 24 basis points (bps) YoY to 3.5% compared to 3.74% in the first quarter of the preceding fiscal.

Its assets under management (AUM) stood at ₹93,021 crore as on June 30, 2026, reflecting a consistent 13% YoY growth.

Its retail loan assets advanced 16% YoY to ₹89,178 crore as on June 30, 2026, accounting for 99.5% of total loan assets.

Its affordable and emerging markets segment grew by 27% YoY and contributed 41% to the retail loan asset.

During the quarter, PNB Housing Finance recovered ₹67 crore from the total written-off pool, resulting in -12 bps credit cost.

Its total number of branches stood at 404 as of June 30, 2026, including 12 additions in Q1 FY27.

What the CEO said

Commenting on the earnings, Ajai Shukla, Managing Director & CEO, said: “We have started FY27 on a steady note, with AUM growing 13% year-on-year to ₹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 the company will remain focused on strengthening its distribution network and digital capabilities. Furthermore, its ongoing digital transformation initiatives across sourcing, underwriting, servicing and collections have been helping enhance customer experience, improve operational efficiency and support scalable growth.

“Backed by a strong capital position and prudent risk management practices, we remain well positioned to drive sustainable growth and create long-term value for our stakeholders,” Shukla stated.

Here’s what analysts at Morgan Stanley said

In an analyst note, Morgan Stanley stated PNB Housing Finance’s Q1 results were in line with expectations, with stronger loan growth. However, the company reported a weaker NIM.

The analysts added that excluding accounting changes, the firm could have added 2 percentage points to loan growth.

Furthermore, both its NII and NIM missed the estimates due to higher leverage and lower investment yield.

PNB Housing Finance has a total market capitalisation of ₹29,464.90 crore as of August 5, 2026, according to data on the NSE.