PNB Housing Finance’s net profit rose by 12 per cent year-on-year (YoY) to Rs 263 crore in second quarter ended September 2022 (Q2Fy23) on the back of improved net interest income and margins.
The stock jumped 4.59 per cent to settle at Rs 451.10 on the BSE. During the day, it rallied 6.64 per cent to Rs 459.95. It had book net profit of Rs 235 crore in Quarter ended September 2021 (Q2FY22) as well as in quarter ended June 2022 (Q1FY23).
Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter. Net Interest Margin (NOM) stood at 4.14 per cent in Q2 FY23, up from 3.01 per cent in Q2 FY22 and