PNB Housing Finance Limited has informed the Exchange about Transcript
PNBHOUSING · price
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PNB Housing Finance held its Q4FY25 earnings call where management reported a strong FY25 with retail loan book growth of 18.2% YoY to Rs. 74,802 crores, surpassing its 17% guidance. Total loan assets crossed Rs. 75,000 crores for the first time in 23 quarters, reaching Rs. 76,765 crores, while the Affordable + Emerging mix rose to 26% of retail assets. FY25 PAT grew 28.4% YoY to Rs. 1,936 crores, ROA improved to 2.55% (from 2.2%), gross NPA fell to 1.08%, and the company recovered Rs. 336 crores from written-off pools. For FY26, management guided 18% retail loan growth, Affordable book of Rs. 9,500 crores, NIM stable at 3.6-3.65%, ROA of 2.5-2.6%, and continued negative credit cost. For FY27, the company targets a Rs. 1,00,000 crore retail loan book (Affordable Rs. 15,000 crores, Emerging Rs. 25,000 crores, Prime Rs. 60,000 crores), NIM of 4.0-4.1%, 500 branches, and Affordable + Emerging mix rising to 40%.
Strong beat on FY25 numbers and clear multi-year roadmap to Rs. 1 lakh crore loan book and 4%+ NIM by FY27 are positive for shareholder confidence. However, the FY26 NIM guidance of 'stable' (vs. expansion) and heavy reliance on write-off recoveries to support credit cost and ROA could limit near-term re-rating; any normalization in recoveries in FY27 remains a key swing factor.