Pnb Housing Finance Limited · NSE:PNBHOUSING
Pnb Housing Finance — Q4 FY2026 Earnings Presentation
48 slides from Pnb Housing Finance's earnings presentation, Apr 20, 2026
Slide 1: Exchange cover letter for investor presentation
PNBHFL/SE/EQ/FY2026-27/09 April 20, 2026 BSE Limited 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: PNBHOUSING Dear Si
Slide 2: Investor Presentation Quarter Ended March 2026
Investor Presentation Quarter Ended March 2026 20-April-2026 Public
Slide 3: Table of Content
Table of Content 1 Key Performance Highlights 2 Business Update 3 Segment Update – Affordable 4 Segment Update – Emerging Markets 5 Segment Update – Prime 6 Asset Quality 7 Technology Update 8 Financial Performance Public
Slide 4: Key Performance Highlights
Key Performance Highlights • Retail Loan Asset grew by 16% YoY to INR 86,946 crore; Affordable and Emerging Markets segments contribute 40% to the portfolio • Retail disbursement touched all-time high of INR 9,020 crore in Q4 FY26, growing 32% YoY and 45% QoQ. For FY26,retail disbursements grew 19%
Slide 5: Key Performance Highlights
Key Performance Highlights Growth was driven by strong retail disbursements and asset expansion, complemented by the resumption of Corporate disbursements and supported by improved GNPA Retail Segment Corporate Segment Total Segment Q4 FY26 FY26 Amount YoY Amount YoY 9,355 (Q4 FY26) Affordable 1,249
Slide 6: Key Performance Highlights
Key Performance Highlights AUM Loan Asset Deposit Net NPA Spread INR 90,921 Crore INR 87,347 Crore INR 18,055 Crore 0.57% (31-Mar-26) vs 2.12% (Q4 FY26) (13% YoY | 6% QoQ ) (15% YoY | 6% QoQ ) Public 83% | ICD 17% (-7 bps YoY | -10 bps QoQ) 0.68% (31-Dec-25) | 0.69% (31-Mar-25) 2.20% (FY26) (1 bps Y
Slide 7: Overall Business Update
Overall Business Update Public 6 6
Slide 8: Loan Asset Mix and Disbursement
Loan Asset Mix (INR Crore) Segment Mix Retail Product Mix Retail Profile Mix 75,765 82,203 87,347 1.3% 0.3 0.3% 0.5% 28.5% 30.6% 32.4% 39.1% 39.7% 41.0% Loan Asset 98.7% 99.7% 99.5% 71.5% 69.4% 67.6% 60.9% 60.3% 59.0% 31-Mar-25 31-Dec-25 31-Mar-26 31-Mar-25 31-Dec-25 31-Mar-26 31-Mar-25 31-Dec-25 31
Slide 9: Wide Distribution Network
Wide Distribution Network 393 Loan Asset – Geographical Breakup 356 OUR OFFICE NETWORK 37 32% 33% 34% 35% 34% 32% 31-Mar-25 31-Mar-26 Disbursement - Geographical Break-up 31-Mar-25 31-Mar-26 Branches/outreaches 35% 37% 37% 35% 28% 28% FY25 FY26 Top 5 State share in the Retail Loan Asset (%) North So
Slide 10: Well Diversified Borrowing Profile
Well Diversified Borrowing Profile Borrowing Mix Cost of Borrowing 13.6% 14.4% 14.4% NHB Refinance 7.84% 7.83% 7.76% 7.69% 7.50% 37.7% 7.44% 7.42% 36.9% 39.2% Term Loans 7.19% 7.35% 7.23% ECBs 5.8% 6.3% Deposits 7.6% NCDs 28.3% 26.5% 25.3% CPs 9.5% 10.1% 10.6% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26
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) Q4 FY26 Q3 FY26 Q4 FY25 Change (YoY) • Focus on Affordable and Emerging Markets Segment to Affordable 8,153 7,140 5,070 61% enable higher growth in Retail Emerging Markets 26,820 24,998 22,252 21% Loan Asset Prime 51,953 49,793 47,481 9% Total 86,94
Slide 13: Segment Update – Affordable
Segment Update – Affordable Public 12 12
Slide 14: Affordable Segment Update
Affordable Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 61% 8,153 7,140 30.2% 33.9% 35.0% 35.7% 35.8% 40.6% 40.6% 42.5% 6,531 43.3% 44.5% 5,744 5,070 69.8% 66.1% 65.0% 64.3% 64.2% 59.4% 59.4% 57.5% 56.7% 55.5% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY
Slide 15: Affordable Segment Distribution Strategy
Affordable Segment Distribution Strategy Disbursement Channel Mix – FY26 Disbursement Geographical Breakup OUR ROSHNI OFFICE NETWORK – FY26 34.9% North 31% 35% In House South DSA West 65.1% 34% Geographic Presence Loan Asset Geographical Breakup % of Loan Asset State # Branches 31-Mar-26 31-Mar-25 U
Slide 16: Affordable Segment Portfolio Matrix
Affordable Segment Portfolio Matrix Loan Asset by Profile – Formal/Informal Loan Asset by Ticket Size 9.6% 18.0% 23.8% 16.7% ATS 52.2% 15 Lacs 22.2% 17.7% 6.3% 33.5% 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 17: Affordable Segment Asset Quality
Affordable Segment Asset Quality Bounce Rate DPD 30+ (%) 12.0% 1.40% 1.42% 1.33% 11.5% 0.91% 11.4% 11.1% 0.59% 11.0% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Gross NPA (%) • All asset quality indicators showed improvement 0.66% 0.62% • Enhanced field collection effo
Slide 18: Segment Update – Emerging Markets
Segment Update – Emerging Markets Public 17 17
Slide 19: Emerging Markets Segment Update
Emerging Markets Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 21% 26,820 24,998 30.1% 30.5% 32.1% 32.9% 34.8% 35.6% 35.6% 36.0% 36.7% 37.6% 23,994 22,252 22,701 69.9% 69.5% 67.9% 67.1% 65.2% 64.4% 64.4% 64.0% 63.3% 62.4% Q4 FY25 Q1 FY26 Q 2FY26 Q3 FY26 Q4
Slide 20: Segment Update – Prime
Segment Update – Prime Public 19 19
Slide 21: Prime Segment Update
Prime Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 9% 51,953 27.3% 27.2% 27.9% 28.6% 30.6% 39.6% 39.4% 40.0% 40.7% 41.5% 49,793 48,914 48,477 47,481 72.7% 72.8% 72.1% 71.4% 69.4% 60.4% 60.6% 60.0% 59.3% 58.5% Q4 FY25 Q4FY25 Q1 FY26 Q1FY26 Q2 FY26 Q2FY26 Q
Slide 22: Asset Quality
Asset Quality Public 21 21
Slide 23: Retail Portfolio Highlights
Retail Portfolio Highlights Balance portfolio Sustainable growth Maintained a balance portfolio with Individual Total sanctions in Q4 FY26 were INR 14,409 crore; Housing Loan at 68% and salaried customer at registering a growth of 50% over previous quarter. 59% of the retail portfolio Focussed appro
Slide 24: Retail Collections Update
Retail Collections Update Collection Efficiency Write off Recovery (Amount in INR Cr) 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 49 40 34 22 24 99.8% 99.2% 99.9% 9
Slide 25: Overall Asset Quality
Asset Quality GNPA (INR Crore) GNPA & NNPA (%) 855 1.08% 1.06% 1.04% 1.04% 0.93% Overall 825 830 816 809 0.69% 0.69% 0.69% 0.68% 0.57% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Gross NPA (%) NNPA (%) 855 830 1.09% 1.07% 1.05% 1.04% 825 0.93% Retail 816 809 0.70%
Slide 26: Expected Credit Loss (ECL) Provisions
Expected Credit Loss (ECL) Provisions Particulars (INR Crore) 31-Mar-26 31-Dec-25 31-Mar-25 Gross Stage 1* 84,933 79,726 73,132 Gross Stage 1 as % to Loan Asset 97.24% 96.99% 96.52% ECL Provision Stage 1 290 366 537 ECL Provision % Stage 1 0.34% 0.46% 0.73% Gross Stage 2* 1,605 1,623 1,817 Gross Sta
Slide 27: Technology Update
Technology Update Public 26 26
Slide 28: Digitizing Onboarding Journey: Infinity platform
Digitizing Onboarding journey: In-house developed sales enablement platform “Infinity” Application & Collateral & Document Upload as Login Fee Application form Lead Conversion Applicant(s) Addition Reference Addition per Login Checklist Collection LAN Generation generation & eSign Integration with P
Slide 29: Digitizing Onboarding Journey: e-Sign & e-Stamp
Digitizing Onboarding Journey: e-Sign & e-Stamp Powered by Old Process – Manual Stamp & Wet Signing New Process – e-Stamp & eSign 523 # of eStamp Stamping Physical stamp papers procured through vendors, Stamp duty paid digitally with instant generation of legally executed Mechanism involving manual
Slide 30: Voice AI initiatives
Voice AI initiatives Start Go-Live # Project Description Status Date Date Engages Sanctioned-Undisbursed customers to capture Disbursement Intended Date, resolve loan shortfall concerns and SUD AI Calling 21st Mar LIVE nudge them toward disbursement via personalised WhatsApp 1 messaging. 15-Jan-26 2
Slide 31: Financial Performance
Financial Performance Public 30 30
Slide 32: Financial Ratio Analysis – Quarter on Quarter
Financial Ratio Analysis – Quarter on Quarter Average Yield Average Cost of Borrowings Spread Net Interest Margin 7.84% 3.75% 10.03% 9.99% 2.26% 3.74% 9.95% 7.76% 2.23% 7.69% 2.22% 9.72% 2.19% 3.69% 3.67% 7.50% 9.47% 2.12% 3.63% 7.35% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY25
Slide 33: Financial Ratio Analysis – Year on Year
Financial Ratio Analysis – Year on Year Average Yield Average Cost of Borrowings Spread Net Interest Margin 10.28% 10.35% 10.05% 9.77% 8.01% 7.86% 7.57% 2.81% 3.73% 3.74% 3.70% 3.68% 7.47% 2.34% 2.19% 2.20% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Gross Interes
Slide 34: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Crore) Q4 FY26 Q4 FY25 YoY Q3 FY26 QoQ FY26 FY25 YoY FY24 Interest Income 2,054 1,906 8% 2,019 2% 8,071 7,274 11% 6,742 Add: Net gain on fair value changes 6 6 -15% 5 9% 39 27 42% 35 Add: Income on derecognized (assigned) loans - - - - - - Less:
Slide 35: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Crore) 31-Mar-26 31-Mar-25 31-Mar-24 Particulars (INR Crore) 31-Mar-26 31-Mar-25 31-Mar-24 LIABILITIES ASSETS 1 Financial Liabilities 1 Financial Assets (a) Derivative financial instruments 4 50 - (a) Cash and cash equivalents 2,483 2,160 2,142 (b) Debt Se
Slide 36: Key Takeaways
Key Takeaways Focus on Retail Loan Growth Grow Affordable Segment Asset Quality including Emerging Markets Segment Continued focus on Retail Segment incl. high Expanded presence to 229 locations to Augmented Collections efforts led to Gross yielding Emerging Markets business support growth and Net N
Slide 37: Annexure
Ghar Ki Baat Annexure
Slide 38: Shareholding Pattern
Shareholding Pattern 31-Mar-25 31-Mar-26 Top 10 Shareholders 28.1% 28.0% • Promoter (PNB) 10.4% • Birla Sun Life Mutual Fund 16.6% 9.0% • HSBC Mutual Fund 12.5% 31.1% • Vanguard 20.1% • SBI Life Insurance 14.3% 11.2% • Kotak Mutual Fund 8.7% 10.0% • HDFC Mutual Fund Outstanding Shares 25,99,25,043 2
Slide 39: Distinguished Board of Directors
Distinguished Board of Directors D Surendran Nilesh Shivji Vikamsey Chairperson (Non-Executive Nominee Director ) Independent Director Tenure to be completed on 21st April 2026 Tejendra Mohan Bhasin Neeraj Vyas Independent Director Independent Director Gita Nayyar Dipankar Mahapatra Independent Dire
Slide 40: Experienced and Professional Management Team
Experienced and Professional Management Team Ajai Kumar Shukla Jatul Anand Vinay Gupta Managing Director and CEO Executive Director Chief Financial Officer Valli Sekar Satish Singh Mukesh Agarwal Chief Business Officer - Affordable Chief People Officer Chief Business Officer - Retail Business Neeraj
Slide 41: 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 42: Overarching ESG Framework
Overarching ESG Framework Our Motivation Ghar ki Baat Through Strong Board Level Oversight at Sustainability Governance for Agenda Leadership Team Sustainability Environment Social Governance Empowered by Conserve Resources & Promote social equity & Cultivate leading our ESG Ethos Bolster climate He
Slide 43: 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 ESG Rating Grade: Financial Capital Sound capital base (equity, Expand Investors A+ debt). Maintain a well Improved financial metrics
Slide 44: ESG Dashboard
ESG Dashboard Environment Social Governance ~2.5 GJ/ crore revenue 82%+ Women 100% Energy Intensity 3X Loan Applicants/Co- Applicants** Disclosures on Essential & Leadership Indicators in BRSR Times in a ~0.50 Ton/ crore revenue row CO2e Emissions Intensity 17%+ Women Aligning with Scope 1 & Scope 2
Slide 45: Public
Ghar Ki Baat
Slide 46: 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 Opex to ATA (%) Total Operating Expenditure net of acquisition cost / Average Total Assets as per Balanc
Slide 47: 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 48: Thank You
Thank You Company: PNB Housing Finance Limited CIN: L65922DL1988PLC033856 Mr. Chaitanya Yadav National Head – Corporate Planning and Investor Relations Phone: +91 124 6030500 Investor.relations@pnbhousing.com www.pnbhousing.com Public 47
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