PNB Housing Finance Surges After Impressive Q4 Profits

Shares of PNB Housing Finance soared on Tuesday, closing 8 percent up after the company posted a 19 percent growth in net profit for the fiscal fourth quarter ending March FY26. The stock reached Rs 979.05 on the BSE, marking an 8.09 percent increase, and jumped 11 percent intraday to Rs 1,006.

On the NSE, shares also climbed, ending 7.97 percent up at Rs 979.10, with an intraday peak of Rs 1,007. This rally increased the company's market valuation by Rs 1,908.53 crore to Rs 25,509.11 crore. PNB Housing Finance, a subsidiary of Punjab National Bank, announced a net profit of Rs 656 crore for the March quarter.

This marked a noteworthy rise from the Rs 550 crore profit earned in the same quarter the previous year. Revenue for the quarter jumped to Rs 2,172 crore from Rs 2,037 crore, with interest income at Rs 2,054 crore. The firm's net interest margin, however, slightly declined to 3.69 percent from 3.75 percent the previous year as gross non-performing assets (NPAs) eased to 0.93 percent from 1.08 percent.