PNB Housing Finance Net Profit Falls 5% To Rs 243 Crore In June Quarter

INSUBCONTINENT EXCLUSIVE:
Shares of PNB Housing Finance settled five per cent higher at Rs 720.45 apiece on the BSE.PNB Housing Finance announced its Apri;-June
quarter results for the financial year 2021-22, reporting a net profit of Rs 243 crore on a consolidated basis, compared to Rs 257 crore in
the corresponding period last year
The company's net profit declined five per cent year-on-year, however, on a sequential basis, the profit surged 91 per cent compared to Rs
127 crore reported in the preceding January-March quarter of fiscal 2020-21.The country's leading mortgage lender's total revenue from
last year
The company's operating expenditure stood at Rs 115 crore, compared to Rs 102 crore, registering an increase of 11 per cent
of PNB Housing Finance settled five per cent higher at Rs 720.45 apiece on the BSE.