PNB Housing Fin Q2 profit up 33% to Rs 2.53 bn over high-interest income

PNB Housing Finance posted a 33 per cent rise in its net profit to Rs 2.53 billion for the second quarter ended September 30, as against Rs 1.9 billion in the corresponding quarter of the previous fiscal.

Loan disbursements increased by 14 per cent, year-on-year, from Rs 73.85 billion in Q2 FY18 to Rs 84.05 billion at the end of Q2 FY19. Out of this, 70 per cent are housing loans while 30 per cent are non-housing loans.

Asset under Management grew by 43 per cent from Rs 513.2 billion as of H1 FY18 to Rs 734.8 billion at the