PNB HOUSING FINANCE Announces Quarterly Results (1QFY22); Net Profit Down 5.4%

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PNB HOUSING FINANCE Announces Quarterly Results (1QFY22); Net Profit Down 5.4%
Thu, 5 Aug

PNB HOUSING FINANCE has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

PNB HOUSING FINANCE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Operating incomeRs m18,70118,31716,918-7.6%-9.5%
Other incomeRs m232211-51.8%-52.9%
Total revenuesRs m18,72318,33916,929-7.7%-9.6%
InterestRs m13,63511,50411,029-4.1%-19.1%
Gross Profit Rs m4,9056,6705,761-13.6%17.4%
Other expensesRs m1,6334,8112,619-45.6%60.4%
Profit before taxRs m3,2951,8813,15367.6%-4.3%
TaxRs m72361172017.8%-0.5%
Profit after taxRs m2,5721,2702,43391.5%-5.4%
Gross profit margin %26.236.434.1
Effective tax rate%21.932.522.8
Net profit margin%13.86.914.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter fell 9.5% on a year-on-year (YoY) basis. The interest expended was down by 19.1% YoY during the same period.
  • The bank's operating profit increased by 17.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.1% in 1QFY22 as against 26.2% in 1QFY21.
  • Other income declined by 52.9% YoY during the quarter.
  • Net profit for the quarter declined by 5.4% YoY. Net profit margins during the quarter increased from 13.8% in 1QFY21 to 14.4% in 1QFY22.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 7.6% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 4.1% QoQ during the same period.
  • The bank's operating profit declined by 13.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 34.1% in 1QFY22 as against 36.4% in 4QFY21.
  • Net profit for the quarter increased by 91.5% QoQ, while net profit margins increased from 6.9% in 4QFY21 to 14.4% in 1QFY22.

To see how PNB HOUSING FINANCE has performed over the last eight quarters,please visit here.

Revealing this Monday: A Potentially Life-Changing Opportunity

PNB HOUSING FINANCE Share Price Performance

Over the last one year, PNB HOUSING FINANCE share price has moved up from Rs 209.7 to Rs 721.0, registering a Gain of Rs 511.4 or around 243.9%.

Overall, the S&P BSE SENSEX is up 47.5% over the year.

Current Valuations

At the current price of Rs 721.0, the price to earnings (P/E) ratio of PNB HOUSING FINANCE stands at 13.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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