PNB Housing Finance reported fall of 9.36% in top line revenues for the Sep-20 quarter at Rs2021.50cr. The operating profits for the quarter ended Sep-20 was down 7.14% at Rs395.57cr while net profits were down 14.59% at Rs313.29cr due to COVID effect.
This had an overall impact on the margins of PNB Housing. For the Sep-20 quarter, the operating profit margins or OPM was marginally higher by 47 bps at 19.57% on the back of better cost management. However, the net profit margins or NPM for the quarter was lower by 100 basis points at 15.50%.
Financial highlights for Sep-20 compared yoy and sequentially
|
Particulars |
Sep-20 Quarter |
Growth (yoy) |
Growth (qoq) |
|
Total Revenues |
Rs2021.50cr |
-9.36% |
+7.97% |
|
Operating Profit |
Rs395.57cr |
-7.14% |
+20.06% |
|
Net Profits |
Rs313.29cr |
-14.59% |
+21.82% |
|
Key Ratios |
Sep-20 Quarter |
Sep-19 Quarter |
Jun-20 Quarter |
|
Diluted EPS |
Rs18.63 |
Rs21.73 |
Rs15.29 |
|
Operating Margins |
19.57% |
19.10% |
17.60% |
|
Net Profit Margin |
15.50% |
16.45% |
13.74% |
Key takeaways from the Sep-20 quarter results
-
The impact of COVID on PNB Housing was limited but the company has made an effort to bounce back to the pre-COVID levels and that is evident in the numbers of the company. The full impact of the SC decision is still awaited.
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