PNB Housing Finance net flat at Rs 232 crore

PNB Housing Finance on Wednesday reported a nearly flat consolidated net profit at Rs 232 crore in the third quarter ended December.

The non-banking finance company (NBFC) had posted a net profit of Rs 237 crore in the same quarter of the previous fiscal.

Total revenue during October-December fell by 9 per cent to Rs 1,896 crore from Rs 2,075 crore in the year-ago period, PNB Housing Finance said in a release.

Net interest margin--the measure of difference between interest earned and expended-- stood at 3.2 per cent for the said quarter as compared to 3 per cent a year ago.

The company said its disbursements stood at Rs 3,203 crore (retail Rs 3,156 crore) during Q3FY21 as compared to Rs 3,196 crore (retail Rs 2,758 crore) in year-ago period.