PNB Housing Finance Q3 results: Net profit rises 43% at Rs 269 crore

In comparison, the housing finance company (HFC) had booked a net profit of Rs 188 crore in the December quarter of FY22 and Rs 263 crore in the September quarter of FY23

The net profit of PNB Housing Finance rose 43 per cent year-on-year (YoY) to Rs 269 crore during the third quarter (October-December) of FY23 on the back of improved margins and net interest income (NII).

In comparison, the housing finance company (HFC) had clocked a net profit of Rs 188 crore during the same quarter of FY22 and Rs 263 crore in July-September of FY23. On Tuesday, the HFC's stock went up 4.81 per cent to settle at Rs 556.60 on the BSE.

Total income during the October-December quarter was Rs 1,797 crore against Rs 1,496 crore a year ago, the lender