PNB Housing Finance share price jumped nearly 11% on Friday after the company reported strong earnings for the quarter ended September 2024. PNB Housing Finance shares rallied as much as 10.90% to ₹1035.00 apiece on the BSE.
PNB Housing Finance reported a 23% year-on-year (YoY) rise in net profit at ₹470 crore for the second quarter of FY25.
The company’s net interest income (NII) increased 1.2% YoY to ₹669 crore. NII growth on a quarterly basis was 2.7%. The lower growth in NII is due to declining impact of Corporate book, said the company.
Net Interest Margin in Q2FY25 decreased to 3.68% from 3.95% in the year-ago period. NIM in Q1FY25 stood at 3.65%.
At 9:30 am, PNB Housing Finance shares were trading 5.96% higher at ₹988.85 apiece on the BSE.
