DECODED: PNB Housing Finance Q1FY24 Results

#pnbhousingfinance #q1results #financialyear #earnings #housingfinance PNB Housing Finance Ltd posted strong results for the June 2023 quarter (Q1 FY24). The company's profit after tax increased by nearly 48 per cent, year-on-year (YoY) and 24 per cent quarter-on-quarter (QoQ) to Rs 347 crore. "The disbursements during Q1 FY24 grew by 7 per cent YoY to Rs 3,686 crore. Retail disbursement grew by 8 per cent YoY to Rs 3,667 crore; 99 per cent of total disbursements. Asset under Management (AUM) grew by 2 per cent YoY to Rs 67,340 crore as on June 30, 2023. The loan asset stood grew by 5 per cent YoY and 2 per cent QoQ to Rs 60,395 crore. Retail loans grew by 11 per cent YoY and 3 per cent QoQ to Rs 56,978 crore. Corporate loans are at Rs 3,416 crore as on June 30, 2023, reduced by 45 per cent," PNB Housing stated in an exchange filing. In terms of asset quality, gross bad loans or NPAs came at 3.76 per cent as on June 30, 2023, as compared to 6.35 per cent YoY and 3.83 per cent QoQ. The company's Capital to Risk Asset Ratio increased to 29.93 per cent as on June 30, 2023, as compared to 23.91 per cent YoY. ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in Facebook:   / businesstoday   twitter:   / business_today   Instagram:   / business_today