Shares of PNB Housing Finance fell 3 percent on Thursday, October 29 after the company posted 6 percent year-on-year rise in second-quarter profit. The company’s earnings, released on Wednesday, were helped by healthy loan disbursements and strong loan growth in its loan book, while brokerages remained positive on its growth prospects, improving asset quality and potential margin expansion.
At around 12.40 pm, PNB Housing shares were trading 2.50 percent lower at Rs 1091.95 on the BSE, compared with the previous close of Rs 1,120. The stock opened at Rs 1,170 and declined 3.18 percent to touch an intra-day low of Rs 1084.30.
Following the results for the second quarter of the financial year 2026-27 (Q2 FY27), Motilal Oswal Financial Services, ICICI Securities and Emkay Global maintained their Buy ratings on the stock.
PNB Housing Finance reported a 6 per cent increase in its net profit to Rs 617 crore for the second quarter ended September 2026. The housing finance firm earned a net profit of Rs 582 crore in the same quarter of the previous year.
The company's total income for the quarter grew to Rs 2,424 crore from Rs 2,131 crore a year ago.