PNB Housing Finance Limited — Q1FY27 earnings call summary

Filed 07 August 2026 · Official transcript

Margin and yield expected to improve from H2 FY27; cost of borrowing bottomed out
Q1 FY27 disbursements grew 18% Y-o-Y to INR 5,882 Cr; 56% growth on cheque handover basis
Growth guidance maintained: 18-20% overall book, 50-60% Affordable segment growth for FY27
Gross NPA stable at 0.95%; credit cost negative 12 bps due to recoveries of INR 67 Cr
Multiple analyst queries on margin trajectory and Affordable segment growth; management confident on sustained improvement
Loan book grew 15% Y-o-Y to INR 89,670 Cr; Affordable and Emerging markets grew 27% Y-o-Y, 41% of retail portfolio
NIM moderated 19 bps Q-o-Q to 3.50%; spread stable at 2.12%; yield improved marginally to 9.48%
PAT grew 4% Y-o-Y to INR 557 Cr; ROA 2.37%, ROE 11.44%