PNB Housing Finance Ltd

PNB Housing Finance Ltd has announced changes in its Senior Management Personnel. Mr. Anubhav Rajput, Chief Information Officer (CIO), has resigned to pursue alternative career plans and will be relieved on September 7, 2026. Mr. Santosh Kumar Singh, currently the Deputy CIO, will assume the role of Chief Information Officer (CIO) effective September 8, 2026. Mr. Singh brings over 26 years of experience in IT across financial services and technology institutions, having joined PNB Housing Finance in August 2026. This disclosure is made pursuant to SEBI regulations.

PNB Housing Finance Ltd conducted its 38th Annual General Meeting (AGM) on August 17, 2026, via video conference. The meeting successfully transacted businesses including the adoption of financial statements for the year ended March 31, 2026, declaration of dividend, re-appointment of a director, and approval for material related party transactions with Punjab National Bank and PNB Gilts Limited. Additionally, the company sought approval for offering Non-Convertible Debentures (NCDs) up to ₹10,000 Crore and an increase in borrowing limits. The proceedings were conducted in compliance with SEBI and MCA regulations, with e-voting results to be submitted separately.

PNB Housing Finance Ltd announced its consolidated un-audited financial results for the quarter ended June 30, 2026. Net profit for Q1 FY27 grew by 4% year-on-year to INR 557 crore. Assets Under Management (AUM) stood at INR 93,021 crore, a 13% YoY growth, with Retail Loan Assets growing 16% YoY to INR 89,178 crore. Disbursements saw an 18% YoY increase. Gross Non-Performing Assets (GNPA) remained below 1% at 0.95%. The company also highlighted a 27% YoY growth in Affordable and Emerging Markets segments, contributing 41% to the Retail Loan Asset. The CEO expressed confidence in steady growth driven by digital initiatives and a strong capital position.

PNB Housing Finance reported consolidated total income of ₹2,265.36 Cr for Q1 FY2027 (quarter ended June 30, 2026), up 8.8% YoY and 4.3% QoQ, with net profit after tax of ₹557.34 Cr, up 4.5% YoY but down 15.0% QoQ. Basic EPS came in at ₹21.39 (consolidated) versus ₹20.52 a year ago and ₹25.17 in the preceding quarter. Against Street expectations — a Zeebiz preview pegged NII at roughly ₹819 Cr (+9% YoY) and PAT at roughly ₹578 Cr (+8.4% YoY) — the actual print falls short on both counts: derived NII (interest income less finance cost) of ~₹799.80 Cr and PAT of ₹557.34 Cr trail estimates by roughly 2-4%, making this a modest miss versus consensus. The gap between healthy revenue growth (+9.0% YoY on revenue from operations) and much slower reported PAT growth (+4.5% YoY) is explained almost entirely by the swing in the 'net of impairment reversal/bad debts write-back' line, which is a genuinely volatile, non-guided item rather than interest-rate or credit-cost deterioration. This quarter carried a ₹29.14 Cr write-back versus ₹56.22 Cr a year ago and a much larger ₹176.22 Cr in Q4FY26 (the March quarter's figure included an explicitly footnoted ₹103.49 Cr recovery from sale of security receipts) — hence the steep 15% QoQ PAT decline is largely a high base-effect unwind rather than a change in the underlying run-rate. Normalizing for the YoY differential in this write-back (stripping the extra ₹27.08 Cr benefit Q1 FY26 enjoyed relative to this quarter, then reapplying each period's own effective tax rate) lifts adjusted YoY PAT growth to roughly +8.7% — meaningfully ahead of the +4.5% reported number, and broadly in line with revenue growth. Consolidated net profit margin nonetheless compressed to 24.60% from 25.63% a year ago and 30.19% in the prior quarter (the latter inflated by the one-off recovery), consistent with a normalizing, rather than deteriorating, credit-cost environment. The filing does not disclose NIM, ROA or AUM growth directly, so these cannot be graded cleanly against management's prior FY27 guidance (broadly, NIM of 3.55-3.65%, ROA of 2.4-2.5%, and loan growth of 18-20%). A rough approximation using annualized net interest income (~₹3,199 Cr) over the quarter-end book (₹88,859.52 Cr of loans/book debts per the Security Cover statement) implies an NIM near 3.6%, inside the guided band, while annualized PAT over total assets from the same annexure (₹95,024.55 Cr) implies ROA of roughly 2.35%, just under the guided floor — both approximate and unofficial, so vsGuidance is best treated as unresolved this quarter. Asset quality held steady with GNPA at 0.95% and NNPA at 0.58% (both consolidated and standalone), provision coverage of 39.43% (consolidated), standalone CRAR of 28.26% and LCR of 146.17% — none flagged as a concern. On the balance sheet side, the company raised ₹500.14 Cr via a private-placement NCD on June 9, 2026 with no deviation in fund utilisation, and Debt-Equity stood at 3.72x. Corporate developments during the quarter included the Board recommending an ₹8 per share final dividend for FY26, two independent director appointments, an A+ ESG rating, and the BRSR filing; separately, the Chief Business Officer for the Affordable Housing segment, Valli Sekar, has resigned effective September 1, 2026, a watch item for execution continuity in a segment central to the company's growth plan. No standalone management press release accompanying this result was available in the source context for this analysis, so framing is based solely on the regulatory filing.

PNB Housing Finance Limited announced its Un-Audited Financial Results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated results, which were reviewed by the Audit Committee and accompanied by a Limited Review Report from joint statutory auditors M/s. CNK & Associates LLP and M/s M. M. Nissim & Co LLP. The company also submitted additional disclosures including ratios, security cover certificate, utilization of issue proceeds, and a CFO certificate regarding commercial paper proceeds. The trading window for designated persons will reopen 48 hours after the declaration of these results.

PNB Housing Finance Ltd announced the resignation of Ms. Valli Sekar, Chief Business Officer (Affordable business), who is leaving to pursue other opportunities. Her last day will be September 01, 2026. Concurrently, Mr. Satish Kumar Singh has been designated as the new Chief Business Officer – Affordable Business, effective August 03, 2026. In his new role, he will oversee both Sales and Collections for the Affordable Business segment. Mr. Singh brings nearly two decades of industry experience, with over 14 years at the company.

PNB Housing Finance Ltd has communicated to its shareholders regarding the Tax Deduction at Source (TDS) on the proposed final dividend of Rs. 8 per equity share for the financial year 2025-26. The dividend payment is subject to shareholder approval at the Annual General Meeting on August 17, 2026. The communication details the TDS provisions under the Income-tax Act, 2025, including rates for resident and non-resident shareholders. For resident individuals, TDS is 10% if PAN is valid, 20% if not, with no TDS if the dividend amount does not exceed Rs. 10,000. Specific documentation requirements for exemptions and different shareholder categories are also outlined. The full communication is available on the company's website.

PNB Housing Finance Ltd has announced that its Board of Directors will convene on August 4, 2026. The primary agenda item is to consider and approve the un-audited financial results, both standalone and consolidated, for the first quarter ended June 30, 2026. Concurrently, the company has informed about the closure of the trading window for its securities, effective from July 1, 2026, for designated persons and their immediate relatives. This closure will persist for 48 hours post the declaration of the financial results, adhering to SEBI regulations and the company's Insider Trading Code. The company's website will also host this intimation.

PNB Housing Finance Ltd has submitted its Annual Report for the financial year 2025-26 and the Notice for its 38th Annual General Meeting (AGM). The AGM is scheduled for August 17, 2026, and will be conducted via Video Conferencing (VC)/ Other Audio Visual Means (OAVM). The company has engaged NSDL for e-voting facilities, with the cut-off date for entitlement on August 11, 2026, and e-voting commencing August 13 and concluding August 16, 2026. The Annual Report includes a Business Responsibility and Sustainability Report, highlighting the company's commitment to quality, growth, and ESG focus. Key financial highlights for FY25-26 include ₹90,921 crore in Assets Under Management and ₹2,291 crore Net Profit.

PNB Housing Finance Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report, which includes an Assurance Report on BRSR Core by Bureau Veritas (India) Private Limited, is a part of the company's 38th Annual Report. The BRSR is available on the company's website. The filing details the company's corporate identity, registered and corporate addresses, contact information, and stock exchange listings. It also outlines the business activities, primarily focused on providing housing loans, and the products/services offered, accounting for 100% of turnover. The report specifies the number of operational locations and markets served, including a customer profiling based on income groups for individual housing loans.