PNB Housing Finance profit rises 33% to Rs 170 crore in March quarter

Net profit of PNB Housing Finance Ltd increased by 33% to Rs 170 crore for the fourth quarter ended March 2022 (Q4Fy22) from Rs 127 crore in Q4FY21.

Its net interest income fell 37% in the quarter under review, from Rs 593 crore in Q4FY21 to Rs 377 crore. FY22 net profit fell by 10% to Rs 836 crore from Rs 930 crore in FY21.

While its loan portfolio decreased by 8.6% from Rs 62,225 crore in March 2021 to Rs 56,889 crore in March 2022, it increased sequentially by Rs 56,798 crore at the end of December 2021.

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First published: Fri 29 Apr 2022. 00:24 IST