PNB Housing Finance net profit rises 36% to Rs 2.2 billion

PNB Housing's net profit increased 58 per cent to Rs 8.3 billion at the end of 2017-18 from Rs 5.23 billion at the end of 2016-17

PNB Housing Finance has posted growth of 36 per cent in its net profit to Rs 2.2 billion in the March quarter from Rs 1.5 billion during the corresponding quarter of the previous financial year. 

On an annual basis, the housing company’s net profit increased 58 per cent to Rs 8.3 billion at the end of 2017-18, from Rs 5.23 billion at the end of 2016-17. 

Sanjaya Gupta, managing director of PNB Housing Finance, said, “The financial year 2017-18 was the first full year of results post our initial public offering. During the year, we achieved double-digit growth,  supported by a healthy