PNB Housing MD & CEO Girish Kousgi Discusses Jump In Interest Income, Q4 And FY25 Growth Plans
PNB Housing MD & CEO Girish Kousgi Discusses Jump In Interest Income, Q4 And FY25 Growth Plans
Sakshi Batra
- Updated Apr 30, 2024 3:39 PM IST
PNB Housing Finance posted a robust 57% YoY surge in its quarterly profit after tax, reaching Rs 444 crore in Q4 FY23-24. Sequentially, the net profit witnessed a notable 28.01% increase. This uptick in profit was primarily attributed to escalating net interest margins and enhanced asset quality. The company's interest income for the quarter reached Rs 1,683.69 crore, up from Rs 1,580.59 crore in the same period last year. Additionally, the Net Interest Income (NII) saw a 7% YoY growth to Rs 632 crore. PNB Housing MD & CEO Girish Kousgi speaks on the Q4 figures, the surge in net interest income, and presents
