PNB Housing Finance's Q4 FY24 Net Profit Rises 57.28%

03 May 2024 CW Team

PNB Housing Finance has reported a notable 57.28% increase in its net profit for the fourth quarter of fiscal year 2024. This substantial financial growth underscores the company's resilience and strategic initiatives amidst evolving market conditions in the housing finance sector.

The surge in net profit reflects PNB Housing Finance's effective business strategies, including prudent financial management and a focus on expanding its loan portfolio. Despite challenges in the housing finance sector, the company has demonstrated its ability to generate robust returns and maintain investor confidence.

PNB Housing Finance's strong financial performance in Q4 FY24 highlights its commitment to driving sustainable growth and maximising shareholder value. The company's diversified loan portfolio, coupled with its prudent risk management practices, has contributed to its positive results in a competitive market environment.

The significant increase in net profit underscores PNB Housing Finance's position as a leading player in the housing finance industry. With a focus on customer-centricity and innovation, the company continues to explore opportunities to enhance its market presence and cater to the evolving needs of homebuyers.

Overall, PNB Housing Finance's impressive financial results for Q4 FY24 demonstrate its ability to adapt to market challenges and capitalise on growth opportunities. As the company continues to focus on prudent lending practices and operational efficiency, it remains well-positioned for sustained success in the dynamic housing finance sector.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..