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PNB Housing Finance shares zoom 8% after 4.19% equity change hands via block deal

Published on 02/05/2025 10:09 AM

PNB Housing Finance share: Shares of PNB Housing Finance after a positive opening climbed up to 7.7 per cent in Friday's session (May 2, 2025) touching the day's high at Rs 1087.95 apiece on the BSE. The gains in the stock came after 4.19 per cent  equity or 1.09 crore shares changed hands via a block deal in the pre-opening trade. 

As of 9:56 a.m., shares of the housing financier traded 4.63 per cent or Rs 46.8 higher, at Rs 1057 apiece on the BSE. The market capitalisation of the company at around the same time stood at Rs 27,474.08 crore.

Reportedly, Quality Investment Holdings PCC, an entity backed by Carlyle Group, was to dilute a 10.44 per cent stake in the housing finance company via this transaction.

At the floor price of Rs 960 per share, which is a 5 per cent discount to the stock’s closing price of Rs 1,010 on Wednesday, the block deal is estimated to be worth around Rs 2,603.9 crore.

For the March quarter, the company's net profit rose 25.30 per cent to Rs 550.38 crore as against Rs 439.25 crore during the previous quarter ended March 2024. Sales rose 11.71 per cent to Rs 2021.85 crore in the quarter ended March 2025 as against Rs 1809.95 crore during the previous quarter ended March 2024.

For the full year, net profit rose 28.39 per cent to Rs 1936.14 crore in comparison to Rs 1508.01 crore during the previous year ended March 2024. 

Net interest income (NII)- a difference between the interest earned and spended- grew by 16.2 per cent year-on-year (YoY) and 5.5 per cent sequentially to Rs 734 crore during the quarter. Net Interest Margin stood at 3.75 per cent in Q4 FY25 compared with 3.70 per cent in Q3 FY25 and 3.65 per cent  in Q4 FY24.

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