PNB Housing Finance announced its Q2 FY27 results, highlighting a 60% year-on-year growth in overall disbursements to INR 9,609 crore. The company also saw its retail disbursements reach an all-time high of INR 9,250 crore, a 54% YoY increase. Key achievements include a credit rating upgrade to AAA by CRISIL and improved asset quality with GNPA at 0.91%.
PNB Housing Finance Announces Strong Q2 FY27 Performance
PNB Housing Finance Limited has released its financial results for the second quarter and first half of FY26-27, reporting robust growth and improved operational metrics. The company achieved an overall disbursement of INR 9,609 crore for Q2 FY27, marking a significant 60% year-on-year increase. This figure includes a pool buyout of INR 838 crore.
Record Retail Disbursements and Loan Book Growth
Retail disbursements reached an all-time high of INR 9,250 crore in Q2 FY27, representing a substantial 54% growth year-on-year. The company’s loan book grew by 19% YoY to INR 95,079 crore as of September 30, 2026. Within the retail portfolio, the affordable and emerging markets segments were identified as key growth engines, contributing 41% of the total retail book with 45% and 22% YoY growth, respectively.
Improved Asset Quality and Profitability
Asset quality continued to strengthen, with Gross Non-Performing Assets (GNPA) improving to 0.91% from 0.95% in Q1 FY27. The company reported recoveries of INR 75 crore from its written-off pool, resulting in a negative credit cost of 19 bps. Profit After Tax for the quarter grew by 6% YoY to INR 617 crore, with ROA at 2.53% and ROE at 12.33%.
Credit Rating Upgrade and Industry Outlook
A significant highlight for the quarter was CRISIL’s upgrade of PNB Housing Finance’s credit rating to AAA with a stable outlook. This places the company at par with all four leading domestic rating agencies. Management expressed confidence in the housing finance sector’s medium-term prospects, driven by structural factors such as urbanization and rising incomes. The company is also evaluating rate increases in retail and corporate lending effective November 1st to mitigate the impact of the recent RBI policy rate hike.
Strategic Initiatives and Future Focus
The company continued to focus on strategic initiatives, including disbursements under the Emerging Developer Finance and Micro Housing businesses. Investments in technology, particularly in AI-powered solutions for customer service and document processing, are ongoing. PNB Housing Finance aims to scale its loan book while enhancing portfolio yield and maintaining asset quality, positioning itself for sustainable growth.
Source: BSE
