PNB Housing Finance has delivered robust financial performance in the fourth quarter, demonstrating strong growth across key metrics while maintaining healthy asset quality and shareholder returns. The Board of Directors approved the Consolidated Audited Financial Results for the quarter and financial year ended March 31, 2026, at their meeting held on April 20, 2026.

Strong Q4 Financial Performance

The housing finance company reported consolidated net profit of ₹655.80 crore for Q4 FY26, representing a 19.20% year-on-year increase from ₹550.38 crore in the same period last year. Total revenue from operations grew to ₹2,181.53 crore, up 7.90% from ₹2,021.85 crore in Q4 FY25. The quarterly performance was driven by healthy improvement in operating leverage and strategic portfolio expansion.

Asset Quality and Portfolio Growth

PNB Housing Finance achieved a significant milestone with Gross NPA reducing to sub-1% levels at 0.93% as of March 31, 2026, compared to 1.08% in the previous year. Net NPA improved to 0.57%, reflecting better risk management and collection efficiency. The company reported recoveries from written-off pool of ₹332 crore in FY26, resulting in a negative credit cost of -0.45%.

Assets Under Management scaled beyond the ₹90,000 crore milestone, reaching ₹90,921 crore as of FY26, reflecting 13% YoY growth. Retail Loan Asset grew by 16% YoY to ₹86,946 crore, representing 99.50% of Total Loan Asset. The Affordable and Emerging Markets segment grew by 28% YoY and contributes 40% to the Retail Loan Asset.

Operational Highlights and Returns

Q4 FY26 overall disbursements increased by 36% YoY and 50% QoQ to ₹9,355 crore, including ₹335 crore from the disciplined re-entry into the Corporate lending segment. Retail disbursements clocked an all-time high of ₹9,020 crore in Q4 FY26. The company's Return on Asset improved by 10 bps YoY to 2.66%, while Return on Equity improved by 54 bps YoY to 12.73%.

The Capital Risk Adequacy Ratio stood at 27.26% as of March 31, 2026, with Tier I at 26.89%. The total number of branches stands at 393 as of March 31, 2026, with 37 additions in FY26.

Board Meeting and Regulatory Filings

The Board of Directors meeting commenced at 03:00 P.M. (IST) and concluded at 05:02 P.M. (IST) on April 20, 2026. The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026, duly reviewed and recommended by the Audit Committee along with the Auditors' Report issued by Joint Statutory Auditors M/s. CNK & Associates LLP and M/s M. M. Nissim & Co LLP.

Dividend Recommendation

The Board of Directors has recommended a dividend of ₹8 per equity share having face value of ₹10 for FY26, subject to shareholder approval at the ensuing Annual General Meeting. This represents an increase from the previous year's dividend of ₹5 per equity share.

Full Year Performance

For the full fiscal year FY26, net profit grew by 18.30% YoY to ₹2,291.24 crore, while total disbursements reached ₹26,548 crore, up 20.80% YoY. Net Interest Income for FY26 stood at ₹3,110 crore, growing 13.10% YoY. The company facilitated over 5,000 subsidy benefits for customers under the Pradhan Mantri Awas Yojana (PMAY-U 2.0) during the year.

Management Commentary

Commenting on the performance, Mr. Ajai Shukla, Managing Director & CEO said: "FY 2025-26 marked a year of resilient and balanced growth for the Company, reflecting the strength of our strategy and focused approach. We delivered a healthy expansion in our retail loan portfolio along with sustaining robust asset quality and profitability. The continued focus on disciplined collections and portfolio management resulted in GNPA improving to sub-1% levels. Our Return on Asset improved during the year, supported by strong financial performance and prudent management practices. The successful restart of our corporate lending business during the year represents a key strategic milestone and reinforces our confidence in calibrated, risk-aligned growth opportunities."

The Trading Window for dealing in the shares of the Company will open for the designated persons and their relatives 48 hours after declaration of this financial results, in terms of the Company's Code of Conduct for Prohibition of Insider Trading and the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Source: None/Company/INE572E01012/739c7415ae3a4ce8.pdf

PNB Housing Finance Limited has announced the completion of Mr. Nilesh Shivji Vikamsey's tenure as Independent Director on April 21, 2026. The housing finance company disclosed this information to stock exchanges in compliance with regulatory requirements under SEBI Listing Regulations.

Board Transition Details

The company informed BSE Limited and National Stock Exchange of India Limited about the cessation of Mr. Vikamsey's directorship through a formal disclosure. His tenure as Independent Director concluded on April 21, 2026, marking the end of his association with the company's board.

Board Recognition and Contributions

The Board of Directors placed on record their sincere appreciation and gratitude to Mr. Nilesh Shivji Vikamsey for his outstanding service. The company specifically acknowledged his contributions as:

• Member of the Board and Board Committees
• Chairperson of the Audit Committee
• His overall contributions during his tenure as Independent Director

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulations, including:

Corporate Communication

The intimation was signed by Veena G Kamath, Company Secretary, and has been uploaded on the company's official website at www.pnbhousing.com . The disclosure ensures transparency and keeps stakeholders informed about board composition changes in accordance with regulatory requirements.