INSUBCONTINENT EXCLUSIVE:
Authors: JordanMumbai: PNB Housing Finance reported 44% growth in profit after tax during the fourth quarter of the financial year aided by
loan demand, improvement in interest margin and lower operating expenses.
During the quarter, company reported profit after tax of Rs 219.2
crore against Rs 152.4 in the same period a year ago
The board recommended final dividend of Rs 9 per equity share of Rs 10/- for the financial year.
Disbursement for the quarter rose 45% to Rs
The company sold loans worth Rs 3,128.5 crore under direct assignment route during the quarter
Asset under management rose to Rs 62,252 crore
and CEO PNB Housing Finance.
Its net interest income- difference between interest earned and interest expended rose 36% to Rs 451.8 crore
stable with gross NPA at 0.33% and net NPA at 0.22% at the end of March 31, 2018
The cumulative provision for NPA and standard assets is Rs 42.3 crore and Rs 281 crore as on 31st March, 2018
During the year, the company made provision for contingencies of Rs 62.5 crore
crore.
Shares of the company fell 0.12% to Rs 1,414.35 on the BSE
