PNB Housing Finance has announced that its Board will meet on September 5, 2025 to consider raising up to ₹5,000 crore through non-convertible debentures (NCDs). The move comes as the company looks to strengthen its borrowing mix and support future growth in the housing finance business. On the financial front, the company reported a net profit of ₹534 crore in Q1 FY26, a growth of 23% year-on-year, backed by higher home loan demand and improved net interest income. The loan book (AUM) now stands at ~₹82,100 crore, with nearly the entire portfolio focused on retail housing loans, while corporate exposure has been reduced to less than 1%. The company’s debt position remains high at around ₹64,800 crore, with a debt-to-equity ratio near 3.7x, but liquidity is strong with ₹6,700+ crore in cash and investments. Asset quality has improved sharply, with gross NPAs down to ~1.06% as of June 2025 compared to over 8% three years ago. Looking ahead, PNB Housing is targeting a higher share of high-yielding affordable and emerging market loans, aiming to take them to 50% of the loan book by FY27. Brokerage houses like UBS have maintained a positive outlook, citing the shift in loan mix, strong AUM growth, and improving balance sheet.

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