New Delhi, Jan 22: PNB Housing Finance Limited today announced its Consolidated Unaudited Financial Results for the quarter ended December 31, 2025, following approval by its Board of Directors.
Key Highlights – Q3 FY26
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Retail Loan Asset grew 16% YoY to 81,931 crore, accounting for 99.7% of the total loan asset.
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Affordable and Emerging Markets (AEM) segment grew 31% YoY, contributing 39% to the retail loan book.
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Total disbursements increased 16% YoY and 4% QoQ to 6,217 crore.
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AEM segment disbursements stood at 2,935 crore, contributing nearly 50% of total retail disbursements.
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Gross NPA improved to 1.04% as of December 31, 2025, from 1.19% a year ago.
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Return on Assets (ROA) stood at 2.40% (annualised) for Q3 FY26.
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Capital Adequacy Ratio (CRAR) remained strong at 29.46%, with Tier I at 28.92%.
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Recoveries from the written-off pool amounted to 49 crore during the quarter.
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The Company has provided for an estimated impact of 6 crore under the new labour code within employee benefit expenses.
Financial Performance – Q3 FY26
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Net Profit rose 7.7% YoY to 520 crore.
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Pre-Provision Operating Profit (PPOP) increased 8.4% YoY to 628 crore; excluding the labour code impact, PPOP grew 9.4% YoY to 634 crore.
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Net Interest Income (NII) grew 10.9% YoY to 772 crore.
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Net Interest Margin (NIM) stood at 3.63%.
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Credit cost remained negative at (-19 bps), supported by recoveries.
Performance – 9M FY26
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Net Profit increased 18.0% YoY to 1,635 crore.
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NII rose 13.9% YoY to 2,296 crore.
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ROA improved to 2.57% (annualised); ROE stood at 12.31%.
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Credit cost remained benign at (-33 bps).
Business Growth
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Loan Asset grew 14.3% YoY to 82,203 crore.
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Retail loans expanded 15.9% YoY, led by:
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Affordable loans: up 86.0% YoY to 7,140 crore
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Emerging Markets: up 20.3% YoY to 24,998 crore
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Prime segment: up 8.1% YoY to 49,793 crore
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Corporate loan book reduced sharply to 272 crore, down 78.1% YoY.
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Assets Under Management (AUM) stood at 86,048 crore, up 12.0% YoY.
Distribution Network
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358 branches across India:
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198 Affordable Housing branches
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85 Emerging Markets branches
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75 Prime segment branches
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Asset Quality
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Net NPA at 0.68% as of December 31, 2025.
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Corporate GNPA remains NIL since June 30, 2024.
Management Commentary
Commenting on the performance, Mr. Ajai Shukla, Managing Director & CEO, said:
“Our focus remains firmly on strengthening the retail franchise with a sharper emphasis on the Affordable and Emerging Markets segment. We continue to improve asset quality while sustaining profitability through responsible lending practices. Customer experience remains central to our strategy, supported by technology-led solutions that enhance transparency and turnaround times.
Through operational excellence and digital enablement, we are building a more agile, resilient, and future-ready organization. PNB Housing Finance remains committed to enabling homeownership across India and delivering long-term value to all stakeholders.”
