PNB Housing Finance Limited has informed the Exchange about Transcript
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This is the transcript of an investor call held after MD & CEO Girish Kousgi announced his resignation to pursue other opportunities; he will stay on till October 28, 2025 to ensure smooth transition. Management highlighted strong asset quality with GNPA at 1.06% and net NPA at 0.69% as of June 2025, capital adequacy of 28.7%, and collection efficiency above 99%. The company reaffirmed its full-year guidance of 18% AUM growth, NIMs in the 3.65%–3.7% range, and negative credit costs. Multi-year targets were reiterated including Affordable housing book scaling to ~Rs. 9,500 crore by FY26 and Rs. 15,000 crore by March 2027, and overall retail book of Rs. 1 lakh crore by March 2027. Jatul Anand was appointed Executive Director for Prime and Emerging Business to provide interim leadership, and Valli Sekar was given full charge of the Affordable housing vertical. The Board confirmed a formal search process for a new CEO, open to both internal and external candidates, while promoter Punjab National Bank publicly stated it does not intend to change its stake or influence management.
For shareholders, the announcement reduces uncertainty around the leadership transition by confirming operational continuity, strong internal bench strength, and an active CEO search. The reaffirmed growth and margin guidance, along with clean asset quality metrics, should help restore investor confidence, though near-term stock movement will likely hinge on the speed and quality of the new CEO appointment.