PNB Housing Finance Ltd’s net profit fell by 19 per cent year-on-year to Rs 188 crore in the third quarter ended December 2021 (Q3FY22) on shrinking net interest income (NII).

It had posted a net profit of Rs 232 crore in Q3FY21 and Rs 235 crore in the second quarter ended September 2021 (Q2FY22).

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Its stock closed 1.06 per cent higher at Rs 487.35 per share on BSE.

Its Net Interest Income (NII) declined by 26 per cent at Rs 439 crore in Q3FY22 from Rs 590 crore in Q3FY21. Net Interest Margin was down at 2.7 per cent compared to 3.2 per cent.