Pnb Housing Finance Limited · NSE:PNBHOUSING
Pnb Housing Finance — Q2 FY2026 Earnings Presentation
46 slides from Pnb Housing Finance's earnings presentation, Oct 27, 2025
Slide 1: Stock exchange filing cover letter
Ref: PNBHFL/SE/EQ/FY2025-26/98 October 27, 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: P
Slide 2: Investor Presentation Quarter Ended September 2025
Investor Presentation Quarter Ended September 2025 27-October-2025 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 7 Financial Performance 8 Annexure Public
Slide 4: Key Performance Highlights
Key Performance Highlights Disbursement Growth Loan Book Growth Emerging + Affordable 25% Emerging + Affordable 34% Total Retail 12% Total Retail 17% Business Highlights • Disbursements for Affordable + Emerging Markets up 25%; Continues to contribute 50% of total retail disbursements. Overall retai
Slide 5: Key Performance Highlights
Key Performance Highlights Retail Segment Corporate Segment Total Segment Q2 FY26 H1 FY26 Amount YoY Amount YoY 5,995 (Q2 FY26) Affordable 823 31% 1,588 31% NIL (Q2 FY26) (12% YoY | 20% QoQ) Emerging Disbursement Markets 2,122 23% 3,858 27% NIL (H1 FY26) (INR Crore) 10,975 (H1 FY26) Prime 3,050 2% 5
Slide 6: Key Performance Highlights
Key Performance Highlights AUM Loan Asset Deposits Net NPA Spread 2.26% (Q2 FY26) INR 18,255 Crore 0.69% (30-Sep-25) vs (5 bps YoY | 3 bps QoQ) INR 83,879 Crore INR 79,771 Crore (12% YoY | 2% QoQ ) (15% YoY | 3% QoQ ) Public 84% | ICD 16% 0.69% (30-Jun-25) | 2.23% (H1 FY26) 0.84% (30-Sep-24) (7 bps
Slide 7: Overall Business Update
Overall Business Update Public 6 6
Slide 8: Loan Asset and Disbursement Mix
Loan Asset Mix (INR Crore) Segment Mix Retail Product Mix Retail Profile Mix 69,501 77,732 79,771 2.2 2.2% 1.0 1.3% 0.4% 27.8% 28.7% 27.2% 38.5% 39.1% 39.7% Loan Asset 97.8% 99.0% 99.6% 72.2% 71.3% 72.8% 61.5% 60.9% 60.3% 30-Sep-24 30-Jun-25 30-Sep-25 30-Sep-24 30-Jun-25 30-Sep-25 30-Sep-24 30-Jun-2
Slide 9: Wide Distribution Network
Wide Distribution Network Loan Asset – Geographical Breakup 356 OUR OFFICE NETWORK 303 53 33% 32% 33% 35% 34% 33% 30-Sep-24 30-Sep-25 Disbursement - Geographical Break-up 30-Sep-24 30-Sep-25 Branches/outreaches 35% 37% 38% 36% 27% 27% 30-Sep-24 30-Sep-25 Top 5 State share in the Retail Loan Asset (%
Slide 10: Well Diversified Borrowing Profile
Well Diversified Borrowing Profile Borrowing Mix Cost of Borrowing 14.7% 13.9% NHB Refinance 7.84% 7.82% 7.83% 7.82% 7.84% 7.83% 7.76% 7.69% 7.44% 7.42% Term Loans 35.6% 36.1% ECBs Deposits 4.6% 5.8% NCDs 28.5% CPs 28.0% 9.7% 10.8% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 6.9% 5.4% 30-Jun-25 1 30-Sep
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) Q2 FY26 Q1 FY26 Q2 FY25 Change (YoY) • Focus on Affordable and Affordable 6,531 5,744 2,959 121% Emerging Markets Segment Emerging Markets 23,994 22,701 19,860 21% to enable higher growth in Retail Loan Asset Prime 48,914 48,478 45,151 8% Total 79,4
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 (%) 6,531 5,744 5,070 30.6% 29.2% 30.2% 33.9% 35.0% 39.2% 40.2% 40.6% 40.6% 42.5% 3,838 2,959 69.4% 70.8% 69.8% 66.1% 65.0% 60.8% 59.8% 59.4% 59.4% 57.5% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2 FY26 Q2FY25 Q3FY25
Slide 15: Affordable Segment Distribution Strategy
Affordable Segment Distribution Strategy Disbursement Channel Mix – H1 FY26 Disbursement Geographical Breakup OUR ROSHNI OFFICE NETWORK – H1 FY26 35.2% North 32% 35% In House South DSA West 64.8% 33% Geographic Presence Loan Asset Geographical Breakup % of Loan Asset State # Branches 30-Sep-25 30-Se
Slide 16: Affordable Segment Portfolio Matrix
Affordable Segment Portfolio Matrix Loan Asset by Profile – Formal/Informal Loan Asset by Ticket Size 10.4% 16.0% 24.9% 17.4% ATS 52.8% 15 Lacs 22.2% 17.6% 4.7% 34.0% 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
Slide 17: Affordable Segment Asset Quality
Affordable Segment Asset Quality Bounce Rate DPD 30+ (%) 1.40% 11.4% 11.0% 11.1% 10.4% 0.91% 9.7% 0.59% 0.59% 0.42% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 Q2FY26 Gross NPA (%) • Sequential growth driven by portfolio seasoning. Early warning indicators remain within acc
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 (%) 22,252 22,701 23,994 19,860 20,786 28.8% 29.1% 30.1% 30.5% 29.6% 35.2% 35.2% 35.6% 35.6% 35.7% 71.2% 70.9% 69.9% 69.5% 70.4% 64.8% 64.8% 64.4% 64.4% 64.3% Q2FY25 Q3FY25 Q4FY25 Q1 FY26 Q2FY26 Q2
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 (%) 47,481 48,477 48,914 27.1% 27.0% 27.3% 27.2% 25.4% 45,155 46,051 39.6% 39.6% 39.4% 39.5% 39.8% 72.9% 73.0% 72.7% 72.8% 74.6% 60.2% 60.4% 60.4% 60.6% 60.5% Q2FY25 Q3FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2FY25 Q3FY
Slide 22: Asset Quality
Asset Quality Public 21 21
Slide 23: Retail Portfolio Highlights
Retail Portfolio Highlights Sustainable growth Stable Credit Quality Sourcing quality; 83% of the loans booked in Total of 48,047 logins were booked in Q2 FY26 as Q2 FY26 has bureau score of more than 700 against 43,906 logins in Q1 FY26 Balance portfolio Focussed approach Maintained a balance portf
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 55 46 49 40 34 99.9% 99.5% 99.8% 9
Slide 25: Asset Quality: GNPA and NNPA
Asset Quality GNPA (INR Crore) GNPA & NNPA (%) 1.24% 1.19% 865 1.08% 1.06% 1.04% 857 Overall 825 830 816 0.84% 0.80% 0.69% 0.69% 0.69% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Gross NPA (%) NNPA (%) 1.27% 1.21% 865 1.09% 1.07% 1.05% 857 Retail 825 830 816 0.86% 0.81% 0.7
Slide 26: Expected Credit Loss (ECL) Provisions
Expected Credit Loss (ECL) Provisions Particulars (INR Crore) 30-Sep-25 30-Jun-25 30-Sep-24 Gross Stage 1* 77,179 75,045 66,688 Gross Stage 1 as % to Loan Asset 96.75% 96.54% 95.95% ECL Provision Stage 1 381 441 503 ECL Provision % Stage 1 0.49% 0.59% 0.75% Gross Stage 2* 1,761 1,863 1,948 Gross Sta
Slide 27: Technology Update
Technology Update Public 26 26
Slide 28: IT Transformation: Completed for all major platforms & capabilities
IT Transformation: Completed for all major platforms & capabilities Scalable Technology Platform Powered with Modern technology, Cloud based scalability, Advanced Analytics Collection Customer Relation Digital Onboarding Loan Origination Loan Servicing Analytics Management Management • Digitized onb
Slide 29: Financial Performance
Financial Performance Public 28 28
Slide 30: Financial Ratio Analysis – Quarter on Quarter
Financial Ratio Analysis – Quarter on Quarter Average Yield Average Cost of Borrowing 10.05% 10.12% 10.03% 9.99% 9.95% 7.84% 7.83% 7.84% 7.76% 7.69% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2 FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Spread Net Interest Margin 2.21% 2.29% 2.19% 2.23% 2.26% 3.68% 3.70% 3.75% 3.74%
Slide 31: Financial Ratio Analysis
Financial Ratio Analysis Average Yield Average Cost of Borrowings Spread Net Interest Margin 10.28% 10.35% 10.05% 9.97% 8.01% 7.86% 7.74% 2.81% 3.73% 3.74% 3.70% 3.70% 7.47% 2.34% 2.19% 2.23% FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 Gross Interest Margi
Slide 32: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Crore) Q2 FY26 Q2 FY25 YoY Q1 FY26 QoQ H1 FY26 H1 FY25 YoY FY25 FY24 FY23 Interest Income 2,017 1,780 13% 1,980 2% 3,998 3,519 14% 7,274 6,742 6,199 Add: Net gain on fair value changes 14 7 109% 14 1% 28 16 81% 27 35 34 Add: Income on derecognize
Slide 33: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Crore) 30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23 Particulars (INR Crore) 30-Sep-25 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 1,331 2
Slide 34: Key Takeaways
Key Takeaways Focus on Retail Loan Growth Grow Affordable Segment Asset Quality including Emerging Markets Segment Expanded presence to 198 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 35: Annexure
Ghar Ki Baat Annexure
Slide 36: Shareholding Pattern
Shareholding Pattern Shareholding as on 30-Sep-25 Top 10 Shareholders 10.8% 28.0% • Promoter (PNB) 13.7% • Birla Sun Life Mutual Fund • HSBC Mutual Fund • Vanguard • SBI Life Insurance • Nippon Mutual Fund 18.6% 28.9% • Kotak Mutual Fund • Canara Robeco Mutual Fund • Tata Mutual Fund Promoter Foreig
Slide 37: Distinguished Board of Directors
Distinguished Board of Directors Chandrasekaran Nilesh Shivji Vikamsey Tejendra Mohan Bhasin Independent Director Ramakrishnan Independent Director Independent Director Tenure completed on 6th Oct 2025 Sudarshan Sen Neeraj Vyas Pavan Kaushal Independent Director Independent Director Independent Dire
Slide 38: Experienced and Professional Management Team
Experienced and Professional Management Team Girish Kousgi Jatul Anand Vinay Gupta Managing Director and CEO Executive Director Chief Financial Officer Serving notice upto 28th Oct 2025 Satish Singh Ajay Kumar Mohanty Valli Sekar Head - Internal Audit and Chief of Chief Business Officer - Affordable
Slide 39: 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 40: 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 41: 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 60+ Sound capital base (equity, Investors ESG rating by debt). Expand Maintain a Improved financial metrics NSE Sust
Slide 42: ESG Dashboard
ESG Dashboard Environment Social Governance ~4.00 GJ/revenue (in 82%+ Women 100% BRSR crore) Energy Intensity 2X Loan Applicants/Co- Applicants** Disclosures on Essential & Leadership ~0.80 Ton/revenue (in Times in a Indicators crore) row CO2e Emissions Intensity 16%+ Women Scope 1 & Scope 2 Primary
Slide 43: An award studded journey. One shared spirit.
Ghar Ki Baat An award studded journey. One shared spirit. Awarded as the top performer in growth in Housing Loan Portfolio by NHB
Slide 44: 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 45: 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 46: 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 45
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