PNB Housing Finance on Saturday introduced that the corporate plans to boost capital to the tune of ₹5,000 crore by way of issuance of non-convertible debentures (NCDs) on a non-public placement foundation.
The corporate’s board of administrators will meet on June 22,2023 and are to think about and approve the issuance of non-convertible debentures (NCDs).
“The corporate’s board of administrators are is scheduled to be held on Thursday, June 22, 2023 inter alia to think about and approve issuance of Non – Convertible Debentures aggregating as much as INR 5,000 Crore (Rupees 5 Thousand Crore Solely) on Personal Placement Foundation,” stated PNB Housing Finance in uts regulatory submitting.
PNB Housing Finance introduced its Q4FY23 outcomes, reporting a consolidated web revenue of ₹279 crore, registering a development of 64.7 per cent, in comparison with ₹170 crore within the corresponding interval final yr. The corporate’s net-interest revenue for the January-March quarter got here in at ₹627 crore, posting an increase of 27 per cent, in comparison with ₹494.7 crore within the year-ago interval.
Income from operations for Q4FY23 got here in at ₹1,635.71 crore, registering a development of 14.71 per cent, in comparison with ₹1,425.83 crore in the identical interval final yr.
The disbursements throughout FY23 grew by 33 per cent year-on-year to ₹14,965 crore. For This autumn FY23 stood at ₹4,495 crore registering a rise of twenty-two per cent year-on-year, in accordance with a regulatory submitting by the corporate to the inventory exchanges.
The gross non-performing property declined by 430 bps to three.83 per cent as on March 31, 2023, in comparison with 8.13 per cent within the corresponding quarter final yr. The retail GNPA declined by 133 bps to 2.57 per cent within the fourth quarter, in comparison with 3.89 per cent within the year-ago interval. ICRA, CRISIL and India Rankings upgraded the outlook to ‘steady’ from ‘unfavorable’ in FY23 for PNB Housing Finance.
On Friday, the corporate’s scrip ended 1.66 per cent up at ₹570 on BSE.
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Up to date: 17 Jun 2023, 04:39 PM IST
Supply: Live Mint