Sunday, November 7, 2021

PNB HOUSING Q2 PAT DOWN AT 235 cr | Stock Outlook


PNB Housing Finance Q2 PAT lower at Rs235.21cr as lower loan yields drive down revenues

PNB Housing Finance reported -21.44% fall in total revenues for the Sep-21 quarter on consolidated basis at Rs1,583.32cr

PNB Housing Finance reported -21.44% fall in total revenues for the Sep-21 quarter on consolidated basis at Rs1,583.32cr. The revenues were down -6.41% on a sequential basis compared to Rs1,691.81vr in the Jun-21 quarter.

Net profits for the Sep-21 quarter were lower by -24.92% on yoy basis at Rs235.21cr. On a sequential basis, the net profit was lower by -3.32% compared to the Jun-21 quarter profits of Rs243.28cr.

The interest costs also fell in line with lower rates but the fall in the top line was much sharper resulting in fall in net profits. While gross NPAs stood at 5.92%, net NPAs were at 3.32%. Provision coverage ratio was 80.54%.

Net margins at 14.86% in the Sep-21 quarter was lower than 15.54% in the Sep-20 yoy quarter but better than 14.38% in Jun-21 sequential quarter. Net cash from operations in H1 was higher on a yoy basis.

Stock Outlook

Stock will remain sideways with negative nature . 426 - 404 is support zone , till avoid.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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