PNB Housing Finance shares tank over 17%; here is why

The housing finance firm said that Kousgi will step down from his role effective October 28, 2025, to pursue career aspirations outside the organisation.

The housing finance board will start a search for the post soon. “The Board will initiate a rigorous, transparent, and merit-based selection process to appoint a new leader who will further enhance the legacy of PNB Housing Finance. We are confident of identifying a suitable professional soon, who will further accelerate our strategic direction and long-term value creation,” said R. Chandrasekaran, Chairman of the Nomination and Remuneration Committee, Board of Directors of PNB Housing Finance.

PNB Housing Finance affirmed that its strategic priorities, business focus, and growth trajectory remain firmly intact, based on the strong foundation that Kousgi has built.

Following the announcement, PNB Housing Finance declined. At close, the stock settled at ₹811.15 apiece, tanking 17.33% on NSE.

In the June quarter of current fiscal, the company had posted a 23% increase in its net profit to ₹534 crore. The housing finance firm had earned a net profit of ₹433 crore in the same quarter of the previous year.

Its total income for the quarter grew to ₹2,082 crore from ₹1,832 crore in the corresponding quarter of the previous fiscal year.

Interest income for the quarter was higher at ₹1,980 crore compared to ₹1,739 crore a year ago.

The net interest income also saw a 17% rise to ₹760 crore at the end of Q1 2025 against ₹651 crore in the year-ago quarter. The net interest margin increased to 3.75% compared to 3.65% in the first quarter of the previous year. The gross Non-Performing Assets (NPAs) of the company decreased to 1.06% from 1.3% at the end of June 2024.

In the last five trading sessions, PNB Housing Finance shares have dropped almost 18%. Over a month’s period, the stock declined 25%. Since February 3, 2025, which is six months, shares of the firm have fallen 6%.

The company’s market capitalisation stands at ₹21,721.18 crore.

Shares of the firm had touched their one-year high of ₹1,202.20 apiece on September 13, 2024, while their 52-week low of ₹746.70 was hit on February 28, 2025.