PNB Housing Fin Q1 net profit slips 5% to Rs 243 crore
PNB Housing Finance on Wednesday reported an over 5 percent decline in its consolidated net profit to Rs 243.28 crore for the first quarter ended June 30.
The company had posted a net profit of Rs 257.18 crore in the year-ago period. On a sequential basis, it was higher than Rs 127 crore in the March 2021 quarter.
On a standalone basis, the net profit during the quarter stood at Rs 234.96 crore, compared to Rs 259.61 crore a year ago.
The total income stood at Rs 1,676.45 crore in June 2021 quarter, lower than Rs 1,868.58 crore in the year-ago period.
Shares of PNB Housing Finance stock closed 5 percent higher at Rs 720.45 apiece on BSE.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)