PNB Housing Finance falls despite reporting 46% rise in Q2 consolidated net profit
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PNB Housing Finance is currently trading at Rs. 690.00, down by 21.75 points or 3.06 % from its previous closing of Rs. 711.75 on the BSE.
The scrip opened at Rs. 711.00 and has touched a high and low of Rs. 714.05 and Rs. 679.65 respectively. So far 36474 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 780.65 on 19-Oct-2023 and a 52 week low of Rs. 340.66 on 21-Nov-2022.
Last one week high and low of the scrip stood at Rs. 780.65 and Rs. 679.65 respectively. The current market cap of the company is Rs. 17924.96 crore.
The promoters holding in the company stood at 28.14%, while Institutions and Non-Institutions held 32.54% and 39.32% respectively.
PNB Housing Finance has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 46.21% rise in its net profit at Rs 384.40 crore for Q2FY24 as compared to Rs 262.91crore for the same quarter in the previous year. Total income of the company increased by 5.76% at Rs 1,767.81 crore for Q2FY24 as compared Rs 1,671.56 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 45.83% rise in its net profit at Rs 383.00 crore for the quarter under review as compared to Rs 262.63 crore for the same quarter in the previous year. Total income of the company increased by 5.70% at Rs 1,779.40 crore for Q2FY24 as compared Rs 1,683.43 crore for the corresponding quarter previous year.
