PNB Housing Finance reported 44% rise in net profit

Mumbai, May 4: Housing finance company PNB Housing Finance on Thursday reported a rise of 44 percent in its net profit for the quarter ended March 31, 2018.

According to the company, the net profit during the quarter under review increased to Rs 219.2 crore from Rs 152.4 crore reported for the corresponding period of previous year.

Besides, the housing finance firm's 'Net Interest Income' registered a growth of 36 per cent to Rs 451.8 crore from Rs 332.7 crore.

On the fiscal basis, the company reported a rise of 58 percent in its net profit for the financial year ended March 31, 2018 which increased to Rs 829.4 crore from Rs 523.7 crore reported for the previous corresponding period.