PNB Housing Finance’s net profit at Rs 127 cr in Q4Fy21
New Delhi: PNB Housing Finance’s consolidated net profit stood at Rs 127 crore during the last quarter of financial year 2020-21. It had recorded a net loss of Rs 242 crore in corresponding quarter of the previous year.
Company’s total income in the fourth quarter fell to Rs 1,834 crore from Rs 1,952 crore in the corresponding quarter of 2019-20, the company said in a regulatory filing.
The interest income of the company dropped 7 percent at Rs 1,670 crore in the fourth quarter as against Rs 1,803 crore a year earlier. The expenses of the company dropped 28 percent to Rs 1,646 crore from Rs 2,279 crore.