PNB Housing Finance Q4 net interest income jumps by 49%

PNB Housing Finance has reported an increase in net interest income by49 %for last quarter ended March 2017, whereas the net profit for corresponding quarter stood at Rs. 102.60 crores. Total income was elevated by 37% for the same quarter.

“Net interest income surpassed Rs 1,000 crores at Rs 1,034.8 crores against Rs 710.1 crores registering a growth of 46 per cent,” the Company said.

A final dividend of Rs. 6 per equity share was recommended by the Board of Directors for FY 2016-17. The Dividend payout ratio for the year inclusive of dividend distribution tax is at 22.84 %.

“The company declared double digit growth in all key parameters during 2016-17 from previous year. The asset under management crossed Rs 40,000 crores at end-March. Disbursement were over Rs 20,000 crores during the year,” Sanjaya Gupta, Managing Director PNB Housing Finance said in a statement.

“We look forward to continue our growth journey with focus on expansion and cost improvement while maintaining robust asset quality and an efficient borrowing mix,” he said.