Profit before tax in Q4 FY23 stood at Rs 342.50 crore, up 53.1% on year on year basis.

Net interest income grew 57.3% to Rs 593 crore in Q4 FY23 from Rs 377 crore in Q4 FY22 while net interest margin improved to 3.74% in Q4 FY23 as compared to 2.33% for Q4 FY22.

Pre-provision operating profit improved by 23% to Rs 487 crore in the quarter ended 31 March 2023.

Operating expenditure increased by 23% year on year to Rs 143 crore during March quarter.

On a full-year basis, the consolidated net profit rose 25% to Rs 1,046 crore on 5.3% increase in total income to Rs 6,529.66 crore in the year ended March 2023 over the year ended March 2022.

The disbursements during FY23 stood at Rs 14,965 crore, registering an increase of 33% YoY. Retail disbursements were at 99% of total disbursements in FY23.

Asset under Management (AUM) is at Rs 66,617 crore as on 31 March 2023 as compared to Rs 66,983 crore as on 31 March 2022.

Total borrowings stood at Rs 53,655 crore as on 31 March 2023.

Gross Non-Performing Assets (NPA) is at 3.83% as on 31 March 2023 as compared to 8.13% as on 31 March 2022 and 4.87% as on 31 December 2022.

Net NPA stood at 2.76% as on 31 March 2023. NNPA in Retail segment is at 1.74% and in Corporate segment at 18.24%.

The company's CRAR stood at 24.43% as on 31 March 2023, of which Tier I capital was 22.04% and Tier II was 2.03% as compared to 23.40% as on 31 March 2022, of which Tier I capital was 20.73% and Tier II capital was 2.67%.

The company has 189 branches / outreach locations and 22 decision making Hubs while affordable business presence expanded to 82 branches/outreaches as on 31 March 2023.

Girish Kousgi, managing director & CEO said: "We are pleased to report that this fiscal year has been incredibly eventful for us. After 13 quarters, we have achieved the highest retail disbursement and loan asset as an outcome of our ongoing efforts to build the retail business. We have also witnessed a remarkable improvement in the asset quality which reduced by 52% year on year. As another milestone we have successfully concluded our rights issue, which received an overwhelming response resulting in 1.21x subscription. This demonstrates the investors' confidence in the company. The infusion of capital will enable us to capitalise on the available growth opportunities."

PNB Housing Finance is a deposit-accepting housing finance company, with second largest deposits outstanding within housing finance companies. The company provides housing loans to individuals for purchase, construction, repair, and upgrade of houses.

The scrip slipped 3.55% to Rs 463.30 on the BSE.