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PNB Housing Finance surges on reporting 45% rise in Q2 consolidated net profit

PNB Housing Finance is currently trading at Rs. 520.55, up by 10.05 points or 1.97% from its previous closing of Rs. 510.50 on the BSE.

The scrip opened at Rs. 514.00 and has touched a high and low of Rs. 529.65 and Rs. 495.05 respectively. So far 113449 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1039.70 on 27-Nov-2018 and a 52 week low of Rs. 371.90 on 17-Oct-2019.

Last one week high and low of the scrip stood at Rs. 558.00 and Rs. 440.50 respectively. The current market cap of the company is Rs. 8723.14 crore.

The promoters holding in the company stood at 32.66%, while Institutions and Non-Institutions held 30.55% and 36.79% respectively.

PNB Housing Finance has reported 64.26% rise in its net profit at Rs 342.09 crore for the quarter ended September 30, 2019 as compared to Rs 208.26 crore for the same quarter in the previous year. Total income of the company increased by 26.43% at Rs 2187.83 crore for Q2FY20 as compared Rs 1730.41 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 44.99% in its net profit at Rs 366.81 crore for the quarter under review as compared to Rs 252.99 crore for the same quarter in the previous year. Total income of the company increased by 23.34% at Rs 2230.34 crore for Q2FY20 as compared Rs 1808.26 crore for the corresponding quarter previous year.

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