PNB Housing Reports 43% Profit Surge in Q3 FY25

22 Jan 2025 CW Team

NB Housing Finance has posted a robust 42.79% growth in its net consolidated profit for the quarter ending December 31, 2025. The company reported a profit after tax (PAT) of Rs 4.83 billion in Q3 FY25, compared to Rs 3.38 billion in the same quarter of the previous fiscal, according to a BSE filing.

Its net consolidated total income rose by 10.66% to Rs 19.43 billion from Rs 17.56 billion recorded in Q3 FY24.

Highlighting the growth in the affordable segment, Girish Kousgi, Managing Director & CEO, said, "Our affordable segment is performing well and has delivered robust disbursement growth of 127% year-on-year to Rs 9.2 billion during the quarter. The portfolio asset quality continues to improve with Gross NPA at 1.19% as on December 31, 2024."

Key Metrics Retail Disbursements: Grew 31% YoY to Rs 53.8 billion, with 38% contributed by affordable and emerging markets. Gross NPA: Declined by 54 basis points to 1.19% from 1.73% last year. Net NPA: Stood at 0.80%. Cost of Borrowing: 7.83%, with a loan yield of 10.12% and a spread of 2.29%. Asset Growth: Loan assets grew 15.4% YoY, while AUM rose 12.1%.

The company also received Rs 50 billion in refinance sanction from NHB and an external commercial borrowing (ECB) sanction of USD 100 million in the quarter. Its net worth as of December 31, 2024, stood at Rs 163.49 billion, with a debt-equity ratio of 3.66 and CRAR at 28.8%.

PNB Housing Finance's focus on asset quality improvement and strategic growth in affordable housing is driving its financial success, solidifying its position as a key player in the housing finance sector.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..