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PNB Housing Finance Limited Q2 FY26 earnings call summary

NSE: PNBHOUSING · BSE: 540173

Earnings call of 27 Oct 2025, summarised by AI from the filing.

PNB Housing Q2 FY26 PAT ₹582 cr, up 24% year-on-year, with loan book growth guidance of 17% to 18% for FY26.

Key takeaways

  1. Change Credit cost was minus 53 bps on recovery of around ₹60 cr and ECL release of ₹70 cr from a corporate loan foreclosure.
  2. Driver Affordable and Emerging segments grew 34% year-on-year and account for 38% of the retail loan book.
  3. Risk Affordable delinquencies rose with portfolio seasoning; management says the spike will continue.

Original filing on BSE

PNB Housing Finance Limited Q1 FY27 results

As filed: Revenue ₹2,263 cr (+9% year on year), EBITDA ₹2,072 cr (+7% year on year), PAT ₹557 cr (+4% year on year), EBITDA margin 91.5% (−149 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,182 cr (+8% year on year), EBITDA ₹2,129 cr (+13% year on year), PAT ₹656 cr (+19% year on year), EBITDA margin 97.6% (+424 bps). Score 47 of 100, In line with trend. Revenue and profit growth were below the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 424 bps year on year. Profit rose ₹106 cr on a year ago, against ₹111 cr the year before. Share price after the results: +17.0% in 30 days (Nifty 500: −1.3%).
  • Q3 FY26: Revenue ₹2,119 cr (+9% year on year), EBITDA ₹1,936 cr (+8% year on year), PAT ₹520 cr (+8% year on year), EBITDA margin 91.4% (−66 bps). Score 34 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 66 bps year on year. Profit rose ₹37.4 cr on a year ago, against ₹145 cr the year before. Share price after the results: −10.7% in 30 days (Nifty 500: +1.2%).
  • Q2 FY26: Revenue ₹2,168 cr (+16% year on year), EBITDA ₹2,083 cr (+20% year on year), PAT ₹626 cr (+33% year on year), EBITDA margin 96.1% (+304 bps). Score 77 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was in line with it. EBITDA margin rose 304 bps year on year. Profit rose ₹154 cr on a year ago, more than the ₹88.0 cr it added the year before. Share price after the results: −1.3% in 30 days (Nifty 500: +0.5%).
  • Q1 FY26: Revenue ₹2,076 cr (+14% year on year), EBITDA ₹1,931 cr (+17% year on year), PAT ₹534 cr (+23% year on year), EBITDA margin 93.0% (+223 bps). Score 62 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was below it. EBITDA margin rose 223 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Profit rose ₹101 cr on a year ago, more than the ₹86.0 cr it added the year before. Share price after the results: −25.4% in 30 days (Nifty 500: −1.0%).
  • Q4 FY25: Revenue ₹2,022 cr (+12% year on year), EBITDA ₹1,888 cr (+15% year on year), PAT ₹550 cr (+25% year on year), EBITDA margin 93.4% (+277 bps). Score 57 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin rose 277 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Share price after the results: +5.0% in 30 days (Nifty 500: +2.3%).
  • Q3 FY25: Revenue ₹1,942 cr (+11% year on year), EBITDA ₹1,787 cr (+16% year on year), PAT ₹483 cr (+43% year on year), EBITDA margin 92.0% (+433 bps). Score 72 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 433 bps year on year. Profit rose ₹145 cr on a year ago, more than the ₹69.0 cr it added the year before.
  • Q2 FY25: Revenue ₹1,879 cr (+6% year on year), EBITDA ₹1,737 cr (+10% year on year), PAT ₹470 cr (+23% year on year), EBITDA margin 92.4% (+397 bps). Score 56 of 100, In line with trend. EBITDA margin rose 397 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

PNB Housing Finance Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.