PNB Housing financial performance highlights: March 2024

PNB: Net Sales stood at Rs 1,800.72 crore in March 2024, climbing 10.69% from Rs. 1,626.81 crore in March 2023.

In March 2024, PNB Housing Finance reported robust financial results, demonstrating significant growth across key metrics compared to the same period in the previous year.

Quarterly Net Profit Surges

The company achieved a remarkable increase in quarterly net profit, reaching Rs. 443.80 crore, marking a substantial growth of 56.87% from Rs. 282.91 crore recorded in March 2023. This surge in net profit reflects the effectiveness of the company’s operational strategies and financial management.

EBITDA Growth

PNB Housing Finance also witnessed notable growth in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which stood at Rs. 1,650.15 crore in March 2024. 

This represents an impressive increase of 20.72% from Rs. 1,366.96 crore reported in March 2023. The strengthened EBITDA underscores the company’s ability to generate operating income and manage expenses effectively.

Earnings Per Share (EPS) Improvement

Furthermore, the company’s earnings per share (EPS) showed improvement, with EPS rising to Rs. 17.09 in March 2024 compared to Rs. 16.74 in March 2023. This positive trend in EPS indicates enhanced profitability and value creation for shareholders.

Share Performance

In terms of share performance, PNB Housing Finance shares closed at Rs. 785.75 on April 26, 2024, as per the BSE (Bombay Stock Exchange). 

Over the last 6 months, the company’s shares have delivered returns of 10.51%, demonstrating favorable performance in the market. Additionally, over the last 12 months, PNB Housing Finance shares have shown remarkable growth, providing investors with significant returns of 79.81%.

Conclusion

The financial performance highlights of PNB Housing Finance for March 2024 underscore the company’s strong growth trajectory, characterized by substantial increases in net profit, EBITDA, and EPS. 

Moreover, the positive performance of its shares reflects investor confidence and market appreciation of the company’s achievements.