Pnb Housing Finance Limited · NSE:PNBHOUSING
Pnb Housing Finance — Q1 FY2026 Earnings Presentation
47 slides from Pnb Housing Finance's earnings presentation, Jul 21, 2025
Slide 1: Exchange cover letter for investor presentation
Ref: PNBHFL/SE/EQ/FY2025-26/47 July 21, 2025 The BSE Limited The National Stock Exchange of India Limited Listing Department, Listing Department Phiroze Jeejeebhoy Towers, “Exchange Plaza” Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Scrip Code: 540173 Symbol: PNBH
Slide 2: Investor Presentation Quarter Ended June 2025
Investor Presentation Quarter Ended June 2025 21-July-2025 Public
Slide 3: Table of Content
Table of Content 1 Key Performance Highlights 2 Business Update 3 Segment Update – Affrodable 4 Segment Update – Emerging Markets 5 Segment Update – Prime 6 Asset Quality 7 Technology Update 7 Financial Performance 8 Annexure Public
Slide 4: Key Performance Highlights
Key Performance Highlights In Q1 FY26, 20 branches reclassified from Prime segment to Emerging Markets segment. Accordingly, past data is also re-casted for like-to-like comparison • As on 30th Jun 2025, Retail Loan Asset grew by 18% YoY at INR 76,923 crore.Affordable and Emerging Markets segments f
Slide 5: Key Performance Highlights
Key Performance Highlights Retail Segment Corporate Segment Total 4,980 (Q1 FY26) (14% YoY | -27%% QoQ) NIL (Q1 FY26) 4,980 (Q1 FY26) • Affordable: 765 (30% YoY) (13% YoY | -27% QoQ) Disbursement • Emerging Markets: 1,736 (32% YoY) (INR Crore) • Prime: 2,479 (1% YoY) 76,923 (30-Jun-25) (18% YoY | 3%
Slide 6: Key Performance Highlights
Key Performance Highlights AUM Loan Asset Deposits Net NPA Spread INR 18,511 Crore 0.69% (30-Jun-25) vs 2.23% (Q1FY26) INR 82,100 Crore INR 77,732 Crore ( +12 bps YoY | +4 bps QoQ) (+13% YoY | +2% QoQ ) (+16% YoY | +3% QoQ ) Public 85% | ICD 15% 0.69% (31-Mar-25) | 0.92% (30-Jun-24) NIM ROA Capital
Slide 7: Overall Business Update
Overall Business Update Public 6 6
Slide 8: Disbursement and Loan Asset Mix
Loan Asset Mix (INR Crore) Segment Mix Retail Product Mix Retail Profile Mix 66.986 75,765 77,732 2.7% 2.7 1.3 1.3% 1.0% 27.8% 28.5% 28.7% 38.8% 39.1% 39.1% Loan Asset 97.3% 98.7% 99.0% 72.2% 71.5% 71.3% 61.2% 60.9% 60.9% 30-Jun-24 31-Mar-25 30-Jun-25 30-Jun-24 31-Mar-25 30-Jun-25 30-Jun-24 31-Mar-2
Slide 9: Wide Distribution Network
Wide Distribution Network Loan Asset – Geographical Breakup 356 OUR OFFICE NETWORK 303 53 32% 32% 33% 35% Expanded footprints in North-Eastern 35% 33% region through a branch in Guwahati 30-Jun-24 30Jun-25 Disbursement - Geographical Break-up 30-Jun-24 30-Jun-25 Branches/outreaches 36% 37% 38% 37% 1
Slide 10: Well Diversified Borrowing Profile
Well Diversified Borrowing Profile Borrowing Mix Cost of Borrowing 13.6% 14.7% 7.92% 7.75% 7.84% 7.82% 7.84% 7.83% NHB Refinance 7.83% 7.82% 7.76% 7.44% Term Loans 37.7% 35.6% ECBs Deposits 5.8% 4.6% NCDs 28.3% 28.5% CPs 9.5% 9.7% Q1FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 5.1% 6.9% 31-Mar-25 1 30-Jun-2
Slide 11: Strategic Objectives
Strategic Objectives Retail Loan Asset Grow Retail Loan Asset including high yielding Emerging Markets segment Affordable Asset Grow Affordable Loan Asset especially in Tier 2 and 3 Asset Quality Leverage underwriting and collection efficiencies to have best-in class asset quality in the industry St
Slide 12: Retail Business Focus Areas
Retail Business Focus Areas LOAN Asset (INR crore) Q1FY26 Q4FY25 Q1FY25 Change (YoY) Affordable 5,744 5,070 2,361 143% • Retail Segment classified as Emerging Markets 22,701 22,252 18,895 20% Affordable, Emerging Markets and Prime Prime 48,478 47,480 43,901 10% Total 76,923 74,802 65,157 18% • Focus
Slide 13: Segment Update – Affordable
Segment Update – Affordable Public 12 12
Slide 14: Roshni Business: Key Milestones
Roshni Business: Key Milestones Jan-23 Jul-23 Nov-23 Dec-23 Mar-24 May-24 Mar-25 Jun-25 Reached disbursement Loan Asset at Started with Expanded presence to Total footprint of run-rate of Loan Asset at INR Loan Asset crossed Loan Asset at INR INR 5 Crore INR 1,000 100 branches 160 locations; Loan IN
Slide 15: Affordable Segment Distribution Strategy
Affordable Segment Distribution Strategy Disbursement Channel Mix – Q1 FY26 Disbursement Geographical Breakup OUR ROSHNI OFFICE NETWORK 31% 36% 35.0% North In House South DSA West 65.0% 33% Geographic Presence Loan Asset Geographical Breakup % of Loan Asset State # Branches 30-Jun-25 30-Jun-24 Tamil
Slide 16: Affordable Segment Update
Affordable Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 5,744 5,070 29.4% 30.6% 29.2% 30.2% 33.9% 38.4% 39.2% 40.2% 40.6% 40.6% 3,838 2,959 2,361 70.6% 69.4% 70.8% 69.8% 66.1% 61.6% 60.8% 59.8% 59.4% 59.4% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25
Slide 17: Affordable Segment Portfolio Matrix
Affordable Segment Portfolio Matrix Loan Asset by Profile – Formal/Informal Loan Asset by Ticket Size 9.9% 18.0% 25.1% 16.3% ATS 54.2% 16 Lacs 22.4% 15.4% 5.3% 33.3% SAL - Formal SAL - Informal Upto 10 lacs 10 to 15 lacs 15 to 25 lacs SE - Formal SE - Informal 25 to 35 lacs > 35 lacs Loan Asset by C
Slide 18: Affordable Segment Asset Quality
Affordable Segment Asset Quality Bounce Rate DPD 30+ (%) 0.91% 11.0% 11.1% 10.4% 0.59% 0.59% 0.42% 9.7% 9.7% 0.12% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 Gross NPA (%) 0.33% • Early warning indicators remain within acceptable 0.23% 0.21% threshold • Robust Col
Slide 19: Segment Update – Emerging Markets
Segment Update – Emerging Markets Public 18 18
Slide 20: Emerging Markets Segment Update
Emerging Markets Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 22,252 22,701 19,860 20,786 18,895 28.5% 28.8% 29.1% 30.1% 30.5% 35.4% 35.2% 35.2% 35.6% 35.6% 71.5% 71.2% 70.9% 69.9% 69.5% 64.6% 64.8% 64.8% 64.4% 64.4% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1 FY26 Q1
Slide 21: Segment Update – Prime
Segment Update – Prime Public 20 20
Slide 22: Prime Segment Update
Prime Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 46,051 47,481 48,477 27.4% 27.1% 27.0% 27.3% 27.2% 43,901 45,155 40.2% 39.8% 39.6% 39.6% 39.4% 72.6% 72.9% 73.0% 72.7% 72.8% 59.8% 60.2% 60.4% 60.4% 60.6% Q1FY25 Q2FY25 Q3FY25 Q4 FY25 Q1 FY26 Q1FY25 Q2FY2
Slide 23: Asset Quality
Asset Quality Public 22 22
Slide 24: Retail Portfolio Highlights
Retail Portfolio Highlights Sustainable growth Stable Credit Quality Quarter on quarter improvement in sourcing Total of 43,906 logins were booked in Q1 FY26 as quality; 85% of the loans booked in Q1 FY26 against 50,288 logins in Q4 FY25 had bureau score of more than 700 Balance portfolio Focussed a
Slide 25: Retail Collections Update
Retail Collections Update Collection Efficiency Write off Recovery Dedicated team is handling the written off cases with the help Dedicated team to focus on bucket X, pre-NPA and NPA resolutions of legal to get maximum recovery through settlement 55 46 49 40 28 99.1% 99.9% 99.5% 99.8% 99.2% Q1 FY25
Slide 26: Overall Asset Quality
Asset Quality GNPA (INR Crore) GNPA & NNPA (%) 1.35% 1.24% 1.19% 1.08% 1.06% 906 Overall 865 857 825 0.92% 0.84% 816 0.80% 0.69% 0.69% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Gross NPA (%) NNPA (%) 1.39% 1.27% 1.21% 906 1.09% 1.07% Retail 865 857 825 0.94% 0.86% 816 0.8
Slide 27: Expected Credit Loss (ECL) Provisions
Expected Credit Loss (ECL) Provisions Particulars (INR Crore) 30-Jun-25 31-Mar-25 30-Jun-24 Gross Stage 1* 75,045 73,132 63,996 Gross Stage 1 as % to Loan Asset 96.54% 96.52% 95.54% ECL Provision Stage 1 441 537 481 ECL Provision % Stage 1 0.59% 0.73% 0.75% Gross Stage 2* 1,863 1,817 2,084 Gross Sta
Slide 28: Technology Update
Technology Update Public 27 27
Slide 29: Technology Vision and Foundations
Technology Vision and Foundations Tech Vision To be a large Digital player in the HFC ecosystem collaborating and partnering with fintech, banks, market aggregators etc., leveraging synergy & scale through platforms, offering personalised products and ease of services promoting high levels of adopti
Slide 30: Financial Performance
Financial Performance Public 29 29
Slide 31: Financial Ratio Analysis – Quarter on Quarter
Financial Ratio Analysis – Quarter on Quarter Average Yield Average Cost of Borrowing 10.03% 10.05% 10.12% 10.03% 9.99% 7.92% 7.84% 7.83% 7.84% 7.76% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Spread Net Interest Margin 2.21% 2.29% 2.19% 2.23% 2.11% 3.68% 3.70% 3.75% 3.65%
Slide 32: Financial Ratio Analysis
Financial Ratio Analysis Average Yield Average Cost of Borrowings Spread Net Interest Margin 10.28% 10.35% 10.05% 9.99% 8.01% 7.86% 7.76% 2.81% 3.73% 3.74% 3.70% 3.74% 7.47% 2.34% 2.19% 2.23% FY23 FY24 FY25 Q1FY26 FY23 FY24 FY25 Q1FY26 FY23 FY24 FY25 Q1FY26 FY23 FY24 FY25 Q1FY26 Gross Interest Margi
Slide 33: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Crore) Q1 FY26 Q1 FY25 YoY Q4 FY25 QoQ FY25 FY24 FY23 Interest Income 1,980 1,739 14% 1,906 4% 7,274 6,742 6,199 Add: Net gain on fair value changes 14 9 59% 6 118% 27 35 34 Add: Income on derecognized (assigned) loans - - - - - - - 11 Less: Fina
Slide 34: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Crore) 31-Mar-25 31-Mar-24 31-Mar-23 Particulars (INR Crore) 31-Mar-25 31-Mar-24 31-Mar-23 LIABILITIES ASSETS 1 Financial Liabilities 1 Financial Assets (a) Derivative financial instruments 50 - - (a) Cash and cash equivalents 2,160 2,142 3,678 (b) Debt Se
Slide 35: Key Takeaways
Key Takeaways Focus on Retail Loan Growth Grow Affordable Segment Asset Quality including Emerging Markets Segment Expanded presence to 200 locations to Augmented Collections efforts led to Continued focus on Retail Segment incl. high support growth improvement in Gross and Net NPA to yielding Emerg
Slide 36: Annexure
Ghar Ki Baat Annexure
Slide 37: Shareholding Pattern
Shareholding Pattern Shareholding as on 30-Jun-25 Top 10 Shareholders 12.6% 28.1% • Promoter (PNB) 8.3% • GIC Singapore • Nippon Mutual Fund • Birla Sun Life Mutual Fund • HSBC Mutual Fund 6.6% • Vanguard 26.8% • SBI Life Insurance 17.6% • Tata Mutual Fund • Canara Robeco Mutual Fund Promoter GIC Si
Slide 38: Distinguished Board of Directors
Distinguished Board of Directors Chandrasekaran Nilesh Shivji Vikamsey Tejendra Mohan Bhasin Independent Director Ramakrishnan Independent Director Independent Director Sudarshan Sen Neeraj Vyas Pavan Kaushal Independent Director Independent Director Independent Director Gita Nayyar Dilip Kumar Jain
Slide 39: Experienced and Professional Management Team
Experienced and Professional Management Team Girish Kousgi Vinay Gupta Jatul Anand Managing Director and CEO Chief Financial Officer Chief Credit & Collections Officer Ajay Kumar Mohanty Dilip Vaitheeswaran Valli Sekar Head - Internal Audit and Chief of Chief Sales & Collection Officer - Chief Sales
Slide 40: Governance
Governance Governance Regulations Good Practices Policies Key Features of Governance • Risk Management Committee(RMC) of the Board oversees the company’s Risk Management practices and approve Risk Based Strategy Report the Risk Management Framework Performance of the company Management • Executive R
Slide 41: Overarching ESG Framework
Overarching ESG Framework Our Motivation Ghar ki Baat Through Strong Board Level Oversight at Sustainability team Governance for Agenda Leadership Sustainability Environment Social Governance Empowered by Conserve Resources & Promote social equity & Cultivate leading our ESG Ethos Bolster climate He
Slide 42: Sustainable Value Creation Model
Sustainable Value Creation Model Our Enablers Delivering on Strategic Priorities Creating Sustainable Ratings Focus on retail loan Value for Stakeholders book growth Financial Capital Sound capital base (equity, Investors debt). Expand Maintain a Improved financial metrics affordable loan well offer
Slide 43: ESG Dashboard
ESG Dashboard Environment Social Governance ~7.50 GJ/revenue (in Launched Mobile 84%+ Women 100% BRSR crore) Energy Intensity 2 Medical Units for construction worker welfare at Delhi NCR, Loan Applicants/Co- Applicants** Disclosures on Essential & Leadership ~1.55 Ton/revenue (in Times in a Indicato
Slide 44: An award studded journey. One shared spirit.
Ghar Ki Baat An award studded journey. One shared spirit. Because when every department gives its best, winning becomes Ghar Ki Baat
Slide 45: Glossary
Glossary Ratios Formulas Used Average Yield (%) (Interest Income + Assignment Income) on Loans / Average Loan Book NIM (%) Net Interest Income including assignment income / Average Earning Assets Operating Expenditure(Employee Cost + Other Expenses + Depreciation - Acquisition Cost + ESOP cost + CSR
Slide 46: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNB Housing Finance Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation, directly or indirectly, in any man
Slide 47: Thank You
Thank You Company: PNB Housing Finance Limited CIN: L65922DL1988PLC033856 Ms. Deepika Gupta Padhi National Head-Investor Relations & Treasury Mr. Chaitanya Yadav National Head – Financial Planning and Analysis Phone: +91 124 6030500 Investor.relations@pnbhousing.com www.pnbhousing.com Public 46
PNB Housing Finance — Q1 FY2026 Earnings Presentation on 6ix