Why PNB Housing Finance Share Price is Rising

# Strong Q4 Results

PNB Housing Finance's share price surged 11% on Tuesday, 21 April 2026, after the company reported a strong performance for the fourth quarter.

Net interest income (NII) grew around 11% year-on-year to Rs 8.1 billion (bn). The company's total income increased 6.6% to Rs 21.7 bn in Q4FY26, compared to Rs 20.4 bn in the same quarter last year.

Net profit rose 19% year-on-year to Rs 6.6 bn from Rs 5 bn in the corresponding period last year, supported by improved operating leverage.

Asset quality also improved during the quarter, with gross NPAs declining to 0.93% from 1.04% quarter-on-quarter, and net NPAs falling to 0.57% from 0.68%.

The mortgage lender's assets under management (AUM) expanded 13% year-on-year to Rs 909.2 bn.

Its retail loan book grew 16% to Rs 869.5 bn, while the company also resumed corporate lending after a gap of around four years.

Additionally, the company announced a final dividend of Rs 8 per equity share with a face value of Rs 10 for the financial year ended 31 March 2026.

What Next?

According to the company's Q3 FY26 earnings call, PNB Housing Finance remains focused on expanding its presence in Tier 2 and Tier 3 cities to capture rising housing demand in these markets.

As part of its long-term growth strategy, the company plans to add 40-50 new branches annually to deepen its distribution network and strengthen its reach in underpenetrated regions.

Management also indicated that following Q4, the company will recalibrate its strategy based on interest rate stability, particularly movements in the repo rate.

Additionally, the launch of new segments such as Construction Finance (CF) and Developer Finance is expected to support overall yield improvement.

As these segments begin to scale, the company anticipates margin expansion and improved profitability in the coming year.

For FY27, PNB Housing Finance expects to add around 50 new branches, further supporting loan growth and expanding its presence across key growth markets.

How shares of PNB Housing Finance have performed recently

Over the past month, its shares are up over 30%.

The stock touched its 52-week high of Rs 1,141.85 on 9 June 2025 and its 52-week low of Rs 730 on 9 March 2026.

About PNB Housing Finance

With over three and a half decades of experience, PNB Housing Finance is India's third-largest housing finance company by loan assets, committed to offering tailored solutions to millions of customers nationwide.

Its portfolio includes retail housing and non-housing loans for prime customers, emerging market loans and affordable housing loans.

For more details, see the PNB HOUSING FINANCE company fact sheet and quarterly results.

Here are some peer group comparisons of PNB Housing Finance:

PNB Housing Finance vs Bajaj Finance

PNB Housing Finance vs Canfin Homes

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