PNB Housing Finance Q2 net up 78%

PNB Housing Finance Q2 net up 78%
17/11/2016 , by , in ALLIED

PNB Housing Finance reported a rise of 78.3 per cent in net profit at Rs 137.65 crore for the quarter ended September 30, 2016.

Total income rose by 50.8 per cent to Rs 970.17 crore during the second quarter of 2016-17, against Rs 643.21 crore in same period of previous fiscal, it said.

“The infusion of equity in the company will allow us to spread our branch network and grow our loan book. This will be in line with our growth and fixed cost optimisation strategy which will lead to improvement in the profit margins going forward,” Sanjay Gupta , Managing Director of the company said.

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