Net interest income (NII) for the period under review was Rs 696 crore, up 11.8% YoY. The company's operating improved by 10% to Rs 580 crore in Q3 FY25 from Rs 527 crore in Q3 FY24. PNB Housing wrote provisions amounting to Rs 36 crore in the December'24 quarter. It had made a provision for an impairment charge of Rs 59 crore in the same period last year. Profit before tax in Q3 FY25 stood at Rs 616 crore, up by 40% from Rs 440 crore in Q3 FY24. Pre provision operating profit grew by 16.1% YoY and 3.7% QoQ to Rs 579.5 crore. Yield at 10.12% in Q3 FY25 as compared to 10.05% in Q2 FY25 and 10.19% in Q3 FY24. Cost of Borrowing is at 7.83% in Q3 FY25 as compared to 7.84% in Q2 FY25 and 8.07% in Q3 FY24. Spread on loans is at 2.29% in Q3 FY25 as compared to 2.21% in Q2 FY25 and 2.12% in Q3 FY24. Net Interest Margin stood at 3.70% in Q3 FY25 as compared to 3.68% in Q2 FY25 and 3.49% in Q3 FY24. Gross Margin, net of acquisition cost, stood at 4.07% in Q3 FY25. With recovery from retail written off pool, credit cost was -19 bps in Q3 FY25 as compared to -24 bps in Q2 FY25 and 34 bps in Q3 FY24. The disbursements during Q3 FY25 grew by 29.9% YoY to Rs 5,380 crore. Retail segment grew by 30.9% YoY to Rs 5,380 crore. Loan asset grew by 15.4%YoY Rs 71,917 crore as on 31 December 2024 Retail loans grew by 17.5% YoY to Rs 70,676 crore as on 31 December 2024. Corporate loans are at Rs 1,241 crore as on 31 December 2024, reduced by 43.8% as compared to 31 December 2023. Asset under management (AUM) grew by 12.1% YoY to Rs 76,840 crore as on 31 December 2024. Gross non-performing assets stood at 1.19% as on 31 December 2024 as compared to 1.24% as on 30 September 2024 and 1.73% as on 31 December 2023. Net NPA stood at 0.80% as on 31 December 2024. The company's CRAR stood at 28.8% as on 31 December 2024 (of which Tier I capital is 28.0% and Tier II is 0.8%) as compared 29.5% as on 31 December 2023 (of which Tier I capital was 28.0% and Tier II was 1.6%). Girish Kousgi, managing director & CEO said: 'The company delivered on its growth and profitability parameters with retail segment growth at 17.5% and return on asset at 2.48% (annualised) for 9M FY25. Our affordable segment is performing well and has delivered robust disbursement growth of 127% YoY to INR 920 crore during the quarter. The portfolio asset quality continues to improve with Gross NPA at 1.19% as on 31st Dec 2024. The company received NHB refinance sanction of INR 5,000 crore and another ECB sanction of USD 100 million in Q3 FY25. The company has signed an MoU with NHB under Pradhan Mantri Aawas Yojna Urban 2.0 to support the eligible beneficiaries under interest subsidy scheme. The company with affordable and emerging markets segment and pan India presence is well placed to tap the available opportunity' PNB Housing Finance is promoted by Punjab National Bank and is a registered housing finance company with National Housing Bank (NHB). The company's asset base comprises primarily of retail loans and corporate loans. The retail business focusses on organized mass housing segment financing for acquisition or construction of houses. In addition, it also provides loan against properties and loans for purchase & construction of non-residential premises. Powered by Capital Market - Live

Net profit of PNB Housing Finance rose 42.79% to Rs 483.27 crore in the quarter ended December 2024 as against Rs 338.44 crore during the previous quarter ended December 2023. Sales rose 10.66% to Rs 1941.76 crore in the quarter ended December 2024 as against Rs 1754.75 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1941.761754.75 11 OPM %92.0187.69 - PBDT630.03453.35 39 PBT615.65440.30 40 NP483.27338.44 43 Powered by Capital Market - Live

PNB Housing Finance will hold a meeting of the Board of Directors of the Company on 21 January 2025.Powered by Capital Market - Live

PNB Housing Finance has allotted 40,000 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures of the face value of Rs. 1,00,000 each, aggregating to Rs. 400 crore, through private placement.Powered by Capital Market - Live

PNB Housing Finance has allotted 12,308 equity shares under ESOP on 07 December 2024. With this allotment, the paid up equity share capital has increased to Rs 2,59,85,51,590 consisting of 25,98,55,159 number of equity shares of Rs 10/- each. Powered by Capital Market - Live

Offering the rating rationale, India Ratings stated that the ratings factor the significant presence of PNB Housing Finance Limited in the mortgage space that has seen multiple business cycles. The ratings also factor in the granularisation of the loan book, with 98% of the book being retail, and almost complete rundown of the corporate book. India Ratings expects its credit costs to be modest, given the retail and granular nature of the loan book. The Rs 2,500 crore equity infusion in the form of rights issue offers the necessary growth capital to expand the franchisee in the granular mortgage space. However, the performance of the affordable housing portfolio, which is at a nascent stage, remains a monitorable. The agency further stated that a substantial proportion of granular stable funding in the borrowing mix, a sizeable expansion in the franchisee, gaining the market leadership, and expanding its presence across multiple geographies while maintaining its credit costs will be positive for the ratings. However, the company's inability to expand its franchisee on account of competitive headwinds or otherwise, elevated delinquency levels such that the gross NPA exceeding 5%, on a sustained basis, and a significant deterioration in PNBHF's liquidity buffer, on a sustained basis, could lead to a negative ratings action. PNB Housing Finance is a deposit-accepting housing finance company registered under the National Housing Bank and the Companies Act, 1956. PNBHF provides housing loans to individuals for purchase, construction, repair, and upgrade of houses. It also provides loans against property, loans for commercial property, and loans for purchase of residential plots, and real estate development loans (no new sanctions of real estate development loans since April 2019). The scrip fell 1.61% to currently trade at Rs 850.50 on the BSE. Powered by Capital Market - Live

Profit before tax (PBT) stood at Rs 604.73 crore in Q2 FY25, up 19.25% as compared with Rs 507.11 crore in Q2 FY24. In Q2 FY25, net interest income (NII) rose 1.2% YoY to Rs 669 core; lower growth in NII is due to declining impact of corporate book. Net interest margin (NIM) stood at 3.68% in Q2 FY25 as compared with 3.95% in Q2 FY24. Disbursement stood at Rs 5,341 crore in Q2 FY25, up 27.8% YoY. Retail Segment grew by 28.2% YoY to Rs 5,341 crore. Loan asset grew by 14.2%YoY to Rs 69,501 crore as on 30th September 2024, Retail loans grew by 16.2% YoY to Rs 67,970 crore as on 30th September 2024 while corporate loans are at Rs 1,531 crore as on 30th September 2024, reduced by 35.7% as compared with 30th September 2023. Asset under Management (AUM) grew by 10.8% YoY to Rs 74,724 crore as on 30th September 2024. Gross non performing asset (GNPA) stood at 1.24% as on 30th September 2024 as compared to 1.78% as on 30th September 2023 and 1.35% as on 30th June 2024. Net NPA stood at 0.84% as on 30th Sep 2024. The company's capital to risk asset ratio (CRAR) stood at 29.13% as on 30th September 2024, of which Tier I capital is 28.06% and Tier II is 1.07% as compared 30.38% as on 30th September 2023, of which Tier I capital was 28.50% and Tier II was 1.88%. As on 30 September 2024, the company has 303 branches / outreach locations. Affordable business presence expanded to 160 branches. Girish Kousgi, managing director & CEO said: 'The company's focused approach led to growth across all parameters. The Retail Asset grew by 16.2% YoY inching towards our stated guidance of 17% for FY25. Our affordable segment is performing well and crossed INR 3,000 crore in Loan Asset in October 2024. The Company registered retail disbursements growth of 28% YoY to INR 5,341 crore during the reported quarter i.e. Q2 FY25. The portfolio asset quality continues to improve with Gross NPA at 1.24% as on 30th Sept 2024.' PNB Housing Finance is a deposit-accepting housing finance company, with second largest deposits outstanding within housing finance companies. The company provides housing loans to individuals for purchase, construction, repair, and upgrade of houses.Powered by Capital Market - Live

Net profit of PNB Housing Finance rose 22.63% to Rs 469.68 crore in the quarter ended September 2024 as against Rs 383.00 crore during the previous quarter ended September 2023. Sales rose 5.68% to Rs 1878.68 crore in the quarter ended September 2024 as against Rs 1777.75 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1878.681777.75 6 OPM %92.4188.54 - PBDT618.58518.44 19 PBT604.73507.11 19 NP469.68383.00 23 Powered by Capital Market - Live

PNB Housing Finance will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

PNB Housing Finance has allotted 81,940 equity shares under ESOP on 24 September 2024. With this allotment, the paid up equity share capital has increased to Rs 2,59,84,28,510 consisting of 25,98,42,851 number of equity shares of Rs 10/- each. Powered by Capital Market - Live