Millennium Post

PNB Housing Finance Q4 net up 44% to Rs 219 crore

New Delhi: PNB Housing Finance on Thursday reported a jump of 44 per cent in its net profit at Rs 219.20 crore in the last quarter ended March of 2017-18. The company had made a net profit of Rs 152.4 crore in the corresponding period of 2016-17.
The total income during the quarter rose to Rs 1,570.21 crore as against Rs 1,438.63 crore in the March quarter of 2016-17, the company said in a release.
Net interest income during January-March of 2017-18 grew by 36 per cent to Rs 451.8 crore from Rs 332.7 crore in the same period a year ago.
PNB Housing Finance said it sold loans worth Rs 3,128.50 crore under direct assignment route in the last quarter ended March 2018. For the full year, the net profit jumped by 58 per cent to Rs 829.4 crore from Rs 523.7 crore in 2016-17.
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