PNB Housing Finance Q4 net profit up 30.76% at Rs 169.96 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit of Rs 169.96 crore for the quarter ended March 31, 2022 as compared to Rs 129.98 crore in the same period last year, registering a year-on-year growth of 30.76 per cent. Net revenue of the company declined substantially by 22.02 per cent at Rs 1,414.16 crore in January-March quarter of this fiscal as against Rs 1,813.40 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 48.33 per cent to Rs 246.56 crore from Rs 477.18 crore in year ago period.
Other Income dipped by 81.98 per cent at Rs 0.40 crore versus (Mar'21 Rs 2.22 crore). Operating Profit slipped by 12.62 per cent to Rs 1,167.60 crore as against Rs 1,336.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.04 per cent in March quarter. Interest declined by 19.02 per cent y-o-y to Rs 930.96 crore, while Taxation increased by 19.26 per cent at Rs 53.12 crore (Mar'21 Rs 44.54 crore).
