PNB Housing Finance had reported a fall of 10% to Rs 257.2 crore in the net profit of April-June quarter ended on June 30. It had reported a net profit of Rs 284.5 crore in June quarter FY20, the difference occurred is mainly due to the lower disbursement amid COVID-19 pandemic.
The company said in a regulatory filing that, its net interest income dropped by 22% to Rs 487.8 crore during June quarter in the current financial year, against Rs 625.5 crore in the same period the previous year. Whereas, the total income of the company fell to Rs 1,872.33 crore in the April-June quarter, from Rs 2,232.58 crore a year ago.
The company’s Gross Non-Performing Assets (NPA) at Assets Under Management (AUM) level were 2.32 per cent, while loan assets level in the first quarter was 2.76 per cent. Net Non-Performing Assets (NPA) stood at 1.67% of the loan assets as compared to 0.67% previous year. The Capital to Risk-Weighted Assets Ratio (CRAR) stood at 18.05% in June, while 15.33% in Tier-I capital and, 2.72% in the Tier-II capital. As per the RBI guidelines in the moratorium period, the company had a fall of nearly 39% of the Assets Under Management (AUM) by June 30, 2020, compared to 56% during Phase-1 of the lockdown period.
PNB Housing Finance had witnessed a sharp fall in its disbursements during the June quarter to Rs694 crore, as compared to Rs 7,634 crore in the same period a year ago. A fall of 7% in the total borrowings to Rs 67,283 crore in the end of June period, compared to Rs 72,261 crore in a year-ago period. Deposits grew by 5% to Rs16,203 crore during the quarter, which was Rs 15,446 crore during the same period the previous year.

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