PNB Housing Finance Q3 revenue rises 26% to Rs 338 crore | India Enterprise Information

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PNB Housing Finance Q3 revenue rises 26% to Rs 338 crore | India Enterprise Information

NEW DELHI: PNB Housing Finance on Wednesday reported a 26 per cent bounce in web revenue at Rs 338 crore for the third quarter ended December 2023. The non-banking finance firm, promoted by Punjab Nationwide Financial institution, had earned Rs 269 crore in the identical quarter a yr in the past.
Complete income in the course of the third quarter of the present fiscal fell to Rs 1,755 crore from Rs 1,797 crore within the year-ago interval, based on a regulatory submitting.
Complete earnings additionally moderated to Rs 1,756 crore within the quarter from Rs 1,797 crore within the year-ago interval.
Gross Non-Performing Belongings (NPA) declined to 1.73 per cent as on December 31, 2023 in comparison with 4.87 per cent on the finish of the third quarter of earlier fiscal.
The capital adequacy ratio stood at 29.53 per cent on the finish of December 2023.