PNB Housing Finance on Thursday reported a 45% year-on-year (y-o-y) increase in its net profit to `366.8 crore for the quarter ended September, led by a 36% y-o-y rise in net interest income. Net interest income (NII) stood at `628.4 crore at the end of Q2FY20. Net interest margin (NIM), a key measure of profitability, stood at 3.19%, a 47 basis point increase from a year ago.
Disbursements fell to Rs 12,603.5 crore in H1FY20, compared to Rs 18,172.2 crore a year ago. While retail disbursement fell 10% y-o-y to Rs 11,748 crore, corporate fell 83% y-o-y to Rs 856 crore in H1.