Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

PNB Housing Finance announces Consolidated Financial Results for Q2 and H1 FY 2018-19

Posted On: 2018-11-07 13:00:13

The Board of Directors of PNB Housing Finance Limited today approved the Consolidated Financial Results for the quarter and half year ended 30 th September, 2018. The accounts have been subjected to a limited review by the Company's Statutory Auditors in line with the regulatory guidelines. As per the notifications issued by the Ministry of Corporate Affairs and National Housing Bank, the Company has adopted Indian Accounting Standards i.e. IndAS from 1st April 2018. The corresponding financial numbers are also based on IndAS.

Financial performance (Q2 FY18-19 vs Q2 FY17-18)

- Net Interest Income at INR 462.8 crore vs INR 368.8 crore registering a growth of 25%.
- Profit after Tax increased by 33% to INR 253.0 crore from INR 190.1 crore.
- The Spread on loans for Q2 FY18-19 stood at 2.22% compared to 2.27% for Q2 FY17-18.
- Net Interest Margin for Q2 FY18-19 stood at 2.72% compared to 3.01% for Q2 FY17-18.
- Gross Margin, net of acquisition cost, for Q2 FY18-19 stood at 3.15%.

Financial performance (H1 FY18-19 vs H1 FY17-18)

- Net Interest Income at INR 895.6 crore vs INR 706.8 crore registering a growth of 27%.
- Profit after Tax increased by 41% to INR 508.8 crore from INR 360.1 crore.
- The Spread on loans for H1 FY18-19 stood at 2.15% compared to 2.22% for H1 FY17-18.
- Net Interest Margin for H1 FY18-19 stood at 2.74% compared to 3.05% for H1 FY17-18.
- Gross Margin, net of acquisition cost, for H1 FY18-19 stood at 3.19%.
- The net worth as on 30th September, 2018 stood at INR 6,920 crore.
- The cumulative ECL provision as on 30th September, 2018 is INR 385 crore. In addition to the ECL provision, the Company has maintained INR 145.5 crore as a steady state provisions for unforeseeable macro-economic factors.

- Return on Asset is maintained at 1.47% on an average gearing of 8.89x against 6.77x during H1 FY17-18 resulting in expansion in Return on Equity to 15.45% for H1 FY2018-19 vis a vis 12.31% for H1 FY2017-18.

Commenting on the performance Mr. Sanjaya Gupta, Managing Director said: "Financial Sector volatility that started in H1 FY18-19 continue to exist in the market especially with respect to liquidity. We envisaged tighter liquidity scenario and maintained higher cash and liquid investments on our balance sheet all throughout H1 FY18-19 and also reduced our dependency on short term paper to 11.7% as of 30th Sept 2018 from 17.5% as of 31st March 2018. We continue to do our business with focus on asset quality, profitability and a balanced portfolio."

Shares of PNB Housing Finance Ltd was last trading in BSE at Rs.902.4 as compared to the previous close of Rs. 873.3. The total number of shares traded during the day was 57567 in over 2695 trades.

The stock hit an intraday high of Rs. 927.6 and intraday low of 884. The net turnover during the day was Rs. 51841659.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Morganite Crucible India Ltd Board recommends Final Dividend of Rs. 12

Hindustan Hardy Spicer Ltd Board recommends Dividend of Rs. 1.20

Nila Infrastructures Ltd board reports Q4, FY19 results

KIOCL Ltd Board approves Dividend of Rs. 1.33

Prakash Industries Ltd announces Q4, FY19 results

Dhanuka Agritech Ltd board recommends dividend of Rs. 0.60 for 2018-19

Bright Brothers Ltd board recommends dividend of Rs. 2 for 2018-19

Morganite Crucible India Ltd announces FY19 results

Rane Engine Valve Limited announces FY19 results

V-Guard Industries Ltd Board to consider FY19 results & Dividend on May 29, 2019

Vidhi Specialty Food Ingredients Ltd board recommends final dividend of Rs. 0.20 for FY19

Sinclairs Q4 PAT Up 105%

Bosch Ltd board recommends dividend of Rs. 105 for 2018-19

Prakash Industries Ltd Board recommends dividend of Rs. 1.20

Senior talent joins STL's Network Software business to drive deep customer engagement

Dhampur Sugar Mills Ltd enhances distillery capacity

Magnet360 named a Leader in Professional Services for Salesforce Sales and Service Cloud by ISG

BHEL Commissions two more units of Kaleshwaram Lift Irrigation Scheme Package-6 in Telangana

Steel Strips Wheels Ltd receives export order for over INR 20 Crs

TCS named Adobe Customer Success Partner of the Year

Allsec Technologies Ltd fixes May 31, 2019 as record date for interim dividend

West Coast Paper Mills Ltd board to consider dividend, FY19 results on May 29, 2019

Pilani Investment and Industries Corporation Ltd Board to consider Dividend on May 30, 2019

Madhav Marbles & Granites Ltd calls for board meeting on May 28, 2019

Palred Technology Services Pvt Ltd signs an agreement with Amazon India to sell 'Xmate' brand of products

Cox & Kings owned MEININGER Hotels signs contract for hotel in Marseille; fourth in France

Alembic Pharmaceuticals receives USFDA Approval for Solifenacin Succinate Tablets, 5 mg and 10 mg

Glenmark Pharmaceuticals receives ANDA approval for Solifenacin Succinate Tablets, 5 mg and 10 mg

Sharda Motor Industries Ltd Board to consider Final Dividend on May 27, 2019

United Breweries Ltd Board recommends Dividend of Rs. 2.50 for FY19

Kiran Vyapar Ltd Board recommends Dividend of Rs. 2.50

HPL Electric & Power Limited board recommends dividend of Rs. 0.20 for FY2018-19

Jindal Stainless Limited posts Q4 PAT at Rs 32 crore

Lakshmi Machine Works Ltd Board approves dividend of Rs. 35 for FY2018-19

Vivid Global Industries Ltd Board recommends dividend of Rs. 0.50 for 2018-19

Bharat Petroleum Corporation Ltd Board approves dividend of Rs. 8 per share

National Plastic Industries Ltd Board recommends Final Dividend of Rs. 1 for FY19

Indian Toners & Developers Ltd Board recommends Final Dividend of Rs. 1.50 for FY2018-19

NDTV Group announces financial results for 2018-19

HPCL Board recommends Final Dividend of Rs. 9.40

Torrent Pharmaceuticals Ltd Board recommends Final Dividend of Rs. 4 for 2018-19

Dalmia Bharat Sugar and Industries Ltd Board recommends dividend of Rs. 1.60 for 2018-19

Indostar Capital Finance Ltd Board approves final dividend of Rs. 1

HEG Ltd Board recommends Final Dividend of Rs. 50 for 2018-19

Aimco Pesticides Ltd board recommends dividend of Rs. 1.50 for 2018-19

Aegis Logistics Ltd Board to consider FY19 results & Final Dividend on May 28, 2019

Panacea Biotec receives Azacitidine USFDA approval for US market

Dynamic Cables Ltd bags two orders worth Rs. 32 crores

Himadri Speciality Chemical Ltd Board to consider FY19 results & Dividend on May 28, 2019

Manali Petrochemical Ltd Board recommends Dividend of Rs. 0.75 for FY19







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019