India News
Search Web Directory
 India News  
News Home
PNB Housing Finance Q4 net profit jumps 49% to Rs 152 crore
Posted on 13th May 2017
New Delhi: PNB Housing Finance has reported a jump of 49% in its net profit to Rs 152.4 crore for last quarter ended March 2017 on healthy net interest income.

The company’s net profit in corresponding March quarter of the previous fiscal stood at Rs 102.60 crore.

otal income increased by 37% to Rs 1,075.98 crore during March quarter of 2016-17, against Rs 785.30 crore a year ago. The net interest income went up by 51% during the quarter to Rs 332.70 crore from Rs 219.90 crore.

On full year performance, PNB Housing’s profit after tax or net profit rose by 60% to Rs 523.70 crore in 2016- 17, from Rs 326.50 crore a year ago.

Full year income increased to Rs 3,907.85 crore, up from Rs 2,698.67 crore, it said in a regulatory filing.

“Net interest income surpassed Rs 1,000 crore at Rs 1,034.8 crore against Rs 710.1 crore registering a growth of 46%,” the company said. The board of directors of the company today recommended a final dividend of Rs 6 per equity share for 2016-17.

ividend payout ratio for the year inclusive of dividend distribution tax is at 22.84%. “The company declared double digit growth in all key parameters during 2016-17 from previous year. The asset under management crossed Rs 40,000 crore at end-March. Disbursement were over Rs 20,000 crore during the year,” Sanjaya Gupta, managing director PNB Housing Finance said in a statement.

“We look forward to continue our growth journey with focus on expansion and cost improvement while maintaining robust asset quality and an efficient borrowing mix,” he said.

Stock of the company closed 1.07% higher at Rs 1,323.65 apiece on BSE.

Related Companies: Punjab National Bank   

Other Latest News
 
WASHINGTON: On the eve of Prime Minister Narendra Modi's US visit, the Trump administration has dismissed reports that it has been ignoring India, saying President Trump realises that the country has been a "force for good" in the world and ties with it were important.

"I think that it would be wrong to say that this administration has been ignoring or not focused on India," a senior administration official told reporters ahead of the two-day Modi visit from June 25.


 
Mumbai: Oil prices are at a seven-month low of $45.17, having fallen 20.5% since January 2017 following rising crude production in the US, Libya and Nigeria.

Although this is not a cause for worry in the short term for Indian oil marketing companies (OMCs) Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL), falling crude prices over an extended period could hurt.


 
India’s leading brand of kitchen and domestic appliances Bajaj Electricals has announced its partnership with The International Federation of Sport Climbing (IFSC) as a lead sponsor. The tournament is scheduled to be held over a three-day period at the CIDCO Exhibition Centre, Navi Mumbai on the 24th & 25th June, 2017. Over 150 athletes from across the globe will participate at the World Cup including the top talent from India. As a host nation, India’s best climbers will have a chance to compete alongside the world’s best on home turf. The Italy based, IFSC has 86 member federations across 5 continents.

 
MUMBAI: Banks for the first time have been made accountable for misselling third-party products like insurance policies or mutual fund schemes. Customers can also file complaints against banks for problems with mobile and digital banking services.

The RBI on Friday said that it has widened the scope of its Banking Ombudsman Scheme 2006 to include deficiencies arising out of sale of third-party investment products by lenders. Under the amended scheme, a customer would also be able to lodge a complaint against banks for non-adherence to the RBI instructions with regard to mobile or electronic banking services.


 
Benchmark Sensex gave up early gains to end 153 points lower at 31,138.21 on Friday while the Nifty cracked below the 9,600-mark as investors took profit ahead of a long weekend.

On a weekly basis, the Sensex gained 81.81 points, or 0.26%, while the broader Nifty shed 13.10 points, or 0.13%. Markets will remain closed on Monday on account of 'Id-ul-Fitr' (Ramzan Id).


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on IndiaCatalog.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for PNB Housing Finance Q4 net profit jumps 49% to Rs 152 crore
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for PNB Housing Finance Q4 net profit jumps 49% to Rs 152 crore

Most Read News

Invested in ITC to improve returns of policyholders: LIC response to PIL

Lanco Infratech stock tanks 20% on bankruptcy proceedings; SBI to discuss 6 other accounts today

Infosys pays $1 mn to New York state to settle visa violations

Irdai directs Sahara India Life Insurance to stop underwriting new business

Tata to TCS: RIL becomes most valued Indian firm

More India News

Photo Gallery

Yamaha FZ S F1(10 Images)Yamaha FZ S F1
Rome(12 Images)Rome City
Eedu Gold Ehe(10 Images) Eedu Gold Ehe
India Resource Center
» Free India Classifieds
Introducing IndiaCatalog Free Classifieds. Post your free classified ads. Inviting Real Estate Agents, Travel Agents, Job Placement Agents and others to post their advertisements for free.
» Global Web Directory
Web directory listing of Global companies. Send enquiries to international companies.
» India Yellow Pages
Yellow Pages for Mumbai, Delhi, Bangalore, Chennai, Kolkota, Hyderabad, Pune and more Indian cites.
» Logistics Directory
Find supply chain management consultants, freight forwarders, trucking companies in India.
» Photo Gallery
This page provides you with links to images of India displaying Celebrities Photos,Automobiles Photos,latest Movies Photos,Sports Photos,Photos of Bollywood Stars and many more.
» Agriculture Directory
Find Fresh Vegitables, Fruits, Basmati Rice, Meat, Poultry and Seafood producers in India.
» Real Estate in India
Real Estate directory of India. Find agents, builders and suppliers.
» Gems & Jewellery
Find jewellery, gems and diamond merchants in India.
IndiaCatalog.com
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Safety Tips For Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory, India Free Classifieds
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement    
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement