PNB Housing Finance share price fell over 12% in trade today after the housing finance company reported a 22% decline in Q3 net profit on lower loan disbursals and higher expenses. Share price of PNB Housing Finance lost up to 12.08% to Rs 476.8 compared to the previous close of Rs 542.30 on BSE.
The mid cap stock has lost 15% during the last two days. PNB Housing Finance share opened with a loss of 6.88% at Rs 505 on BSE today. The stock has lost 48% during the last one year. However, it has gained 11.18% since the beginning of this year.
Gross NPAs rose to 1.75% for quarter ended December 31, 2019 as against 0.47% for the corresponding quarter in previous fiscal. Loan disbursements fell to Rs 15,800 crore for quarter ended December 2019 compared with Rs 27,518 crore a year ago. Total income declined 0.18% to Rs 2,074.76 crore in the quarter ended December 2019 as against Rs 2,077.74 crore during the corresponding quarter ended December 2018.
By Aseem Thapliyal