Consolidated Unaudited Financial Results for Q3 & 9M FY 2020-21 Ended 31 st December 2020

Chandigarh,sunita shastri: The Board of Directors of PNB Housing Finance Limited today approved the Consolidated Unaudited Financial Results for the quarter and nine months ended 31 st December 2020. The accounts have been subjected to a limited review by the Company’s Statutory Auditors in line with the regulatory guidelines. The financial numbers are based on IndAS. Financial performance (Q3 FY20-21 vs Q3 FY19-20) Total Revenue of INR 1,896 crore vs INR 2,075 crore registering a decline of 9%.· Operating Expenditure declined by 26% to INR 100 crore vs INR 135 crore.· Pre provision Operating Profit increased by 15% to INR 550 crore vs INR 479 crore.· Profit after Tax is maintained at INR 232 crore vs INR 237 crore.· Spread stood at 2.90% as compared to 2.53%.· Net Interest Margin stood at 3.2% as compared to 3.0%.· Gross Margin, net of acquisition cost, stood at 3.5% compared to 3.0%.· Financial performance (9M FY20-21 vs 9M FY19-20) Total Revenue at INR 5,790 crore vs INR 6,538 crore registering a decline of 11%.· Operating Expenditure at INR 311 crore vs INR 408 crore registering a decline of 24%.· Pre provision Operating Profit reduced by 6% to INR 1,530 crore from INR 1,635 crore.· Profit after Tax is at INR 803 crore vs INR 888 crore registering a decline of 10%.· The Spread on loans stood at 2.8% compared to 2.6%. Excluding the net positive impact of· securitization, Spread for 9M FY20-21 is 2.6% vs 2.1% for 9M FY19-20. Net Interest Margin is maintained at similar levels of 3.1%· Gross Margin, net of acquisition cost, is at 3.2% compared to 3.3% YoY.· The ECL provision as on 31st December 2020 is INR 2,243 crore resulting in total provision to assets· ratio at 3.5%. The total and Stage 3 provision coverage ratio is at 131% and 47% respectively. Return on Asset is maintained YoY at 1.4% during 9M FY20-21.· Gearing as on 31st December 2020 is 7.3x compared to 8.5x as on 31· st December 2019. Return on Equity at 12.8% for 9M FY20-21 vis a vis 15.0% for 9M FY19-20.·