PNB Housing shares jump over 6.5% after earnings announcement 
Latest News

PNB Housing shares jump over 6.5% after earnings announcement

Shares of PNB Housing Finance climbed over 6.5 percent after the company reported an 11.7 percent rise in net profit

PSU Watch Bureau

New Delhi: Shares of PNB Housing Finance climbed over 6.5 percent after the company reported an 11.7 percent rise in net profit for the July-September quarter of FY23 on October 27.

The stock jumped by 4.59 percent to settle at Rs 451.10 on the BSE. During the day, it rallied 6.64 percent to reach Rs 459.95.

At the NSE, it climbed by 6.53 percent to end at Rs 459.40.

PNB Housing Finance reported an increase of 11.7 percent in its net profit at Rs 262.63 crores for the July-September quarter of 2022-23 on a modest rise in core income.

The non-banking finance company had logged a net profit of Rs 235.21 crores in the previous financial year.

Total income increased to Rs 1,683.43 crores from Rs 1,586.41 crores in the same period of 2021-22, PNB Housing Finance said in a regulatory filing.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Air India pays compensation to 2/3rds of June 12 crash victims

Tata Steel receives Rs 1,902 crore demand notice over 'shortfall' in mineral dispatch from Odisha block

BEML secures $6.23 million export orders for mining equipment from the CIS Region

NBCC to lead Rs 44 crore campus expansion at Energy Institute Bengaluru, bolstering South India’s energy education hub

A new heartbeat for India’s mining heartland: Inside SECL’s record CSR year