Pnb Housing Finance Limited · NSE:PNBHOUSING
Pnb Housing Finance — Q2 FY2027 Earnings Presentation
47 slides from Pnb Housing Finance's earnings presentation, Oct 28, 2026
Slide 1: Exchange cover letter for investor presentation
PNBHFL/SE/EQ/FY2026-27/91 October 28, 2026 BSE Limited National Stock Exchange of India Limited Listing Department, Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Scrip Code: 540173 Symbol: PNBHOUSING Dear
Slide 2: Investor Presentation Quarter Ended September 2026
Investor Presentation Quarter Ended September 2026 28-October-2026 Public
Slide 3: Table of Content
Table of Content 1 Key Performance Highlights 2 Business Update 3 Segment Update – Affordable 4 Segment Update – Emerging Markets 5 Segment Update – Prime 6 Asset Quality 7 Technology Update 8 Financial Performance 9 Ownership & Governance 10 ESG Update & Awards Public
Slide 4: Q2 FY27 Executive Summary
Q2 FY27 Executive Summary Business Metrics & Expansion • Disbursements scaled up 60% YoY to INR 9,609 crore in Q2 FY27 vs INR 5,995 crore in Q2 FY26 • Overall loan book grew 19% YoY to INR 95,079 crore as on 30 Sep 2026 • Corporate loan book increased 107% YoY to INR 689 crore as on 30 Sep 2026 Marg
Slide 5: Key Performance Highlights – Q2 FY27 (YoY | QoQ)
Key Performance Highlights – Q2 FY27 (YoY | QoQ) Disbursement Asset under Management Loan Book YoY : 60% | QoQ : 59% YoY : 17% | QoQ : 6% YoY : 19% | QoQ : 6% (INR Crore) 9,609 * (INR Crore) (INR Crore) 98,210 95,079 5,995 6,029 * 93,021 89,670 83,879 79,771 Q2 FY26 Q1 FY27 Q2 FY27 * Includes pool b
Slide 6: Key Performance Highlights – H1 FY27 (YoY)
Key Performance Highlights – H1 FY27 (YoY) Disbursement Asset Under Management Loan Book YoY : 42% YoY : 17% YoY : 19% (INR Crore) 15,638 (INR Crore) 98,210 (INR Crore) 95,079 10,975 83,879 79,771 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 * Includes pool buyout of INR 986 crore in H1 FY27 Spre
Slide 7: ROA Tree
ROA Tree Particulars Q2 FY27 Q1 FY27 QoQ Q2 FY26 YoY H1 FY27 H1 FY26 YoY Yield 9.74% 9.48% 26 bps 9.95% -21 bps 9.61% 9.97% -36 bps CoB 7.31% 7.36% -5 bps 7.69% -37 bps 7.33% 7.74% -41 bps Spread 2.43% 2.12% 31 bps 2.26% 16 bps 2.28% 2.23% 5 bps NIMs 3.67% 3.50% 17 bps 3.67% - 3.58% 3.70% -12 bps GI
Slide 8: Overall Business Update
Overall Business Update Public 7 7
Slide 9: Strategic Objectives
Strategic Objectives High Yielding Portfolio Growth • Focus on high yielding Affordable and Emerging Markets segment to improve Yield and NIM • Reinitiate corporate lending with disciplined risk management, capping exposure at under ~10% of the total loan portfolio • New Initiatives and growth oppor
Slide 10: High Yielding Portfolio Growth
High Yielding Portfolio Growth New Growth Levers to Scale the High-Yielding Portfolio Expanded Shift towards Affordable business Launch of Launch of Micro high yielding from select Prime & Emerging Housing Finance segment Emerging branches Developer Finance for higher yields (Disbursement in INR Cro
Slide 11: Loan Asset Mix and Disbursement
Loan Asset Mix (INR Crore) Segment Mix Retail Product Mix Retail Profile Mix 79,771 89,670 95,079 0.4% 0.5% 0.7% 27.2% 33.2% 34.9% 39.7% 41.4% 42.7% Loan Asset 99.6% 99.5% 99.3% 72.8% 66.8% 65.1% 60.3% 58.6% 57.3% 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep
Slide 12: Wide Retail Distribution Network
Wide Retail Distribution Network OUR OFFICE NETWORK Loan Asset – Geographical Breakup # Branches 32% 34% 404 35% 35% 355 49 33% 31% 30-Sep-25 30-Sep-26 Disbursement - Geographical Break-up* 37% 43% 30-Sep-25 30-Sep-26 36% 32% 27% 25% H1 FY26 H1 FY27 North South West Top 5 State share in the Retail L
Slide 13: Retail Business Update
Retail Business Update Change Change Loan Asset (INR crore) Q2 FY27 Q1 FY27 Q2 FY26 (QoQ) (YoY) • Delivered 19% YoY Retail loan book Affordable 9,438 8,556 6,531 10% 45% growth; sustained momentum Emerging Markets 29,318 27,676 23,994 6% 22% Prime 54,635 52,780 48,914 4% 12% • Affordable and Emergin
Slide 14: Segment Update: Affordable
Segment Update: Affordable Public 13 13
Slide 15: Affordable Segment Update
Affordable Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 45% 9,438 8,556 8,153 35.0% 35.7% 35.8% 35.9% 35.9% 7,140 42.5% 43.3% 44.5% 42.9% 43.6% 6,531 65.0% 64.3% 64.2% 64.1% 64.1% 57.5% 56.7% 55.5% 57.1% 56.4% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2FY2
Slide 16: Affordable Segment Distribution Strategy
Affordable Segment Distribution Strategy Disbursement Channel Mix – H1 FY27 OUR OFFICE NETWORK Disbursement Geographical Breakup – H1 FY27 40.3% 26% North In-House 40% South DSA 59.7% West 34% Geographic Presence % of Loan Asset Loan Asset Geographical Breakup State # Branches 30-Sep-26 30-Sep-25 Ut
Slide 17: Affordable Segment Portfolio Matrix
Affordable Segment Portfolio Matrix Loan Asset by Profile – Formal/Informal Loan Asset by Ticket Size 11.6% 17.2% 26.1% 16.9% ATS 52.3% 16 Lacs 21.4% 17.5% 4.1% 32.9% SAL - Formal SAL - Informal Upto 10 lacs 10 to 15 lacs 15 to 25 lacs SE - Formal SE - Informal 25 to 35 lacs > 35 lacs Loan Asset by
Slide 18: Affordable Segment Asset Quality
Affordable Segment Asset Quality Bounce Rate DPD 30+ (%) 1.60% 1.61% 12.0% 1.40% 1.42% 1.32% 11.4% 11.5% 11.4% 11.1% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 • Asset quality metrics remained resilient with stable delinquency and Gross NPA (%) NPA trends across
Slide 19: Segment Update: Emerging Markets
Segment Update: Emerging Markets Public 18 18
Slide 20: Emerging Markets Segment Update
Emerging Markets Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 22% 29,318 32.1% 32.9% 34.8% 35.6% 36.8% 36.0% 36.7% 37.6% 38.5% 39.6% 26,820 27,676 23,994 24,998 67.9% 67.1% 65.2% 64.4% 63.2% 64.0% 63.3% 62.4% 61.5% 60.4% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2
Slide 21: Segment Update: Prime
Segment Update: Prime Public 20 20
Slide 22: Prime Segment Update
Prime Segment Update Loan Asset (INR crore) Loan Asset by Product (%) Loan Asset by Profile (%) 12% 54,635 27.9% 28.6% 30.6% 31.4% 32.6% 40.0% 40.7% 41.5% 42.6% 43.8% 52,780 51,953 49,793 48,914 72.1% 71.4% 69.4% 68.6% 67.4% 60.0% 59.3% 58.5% 57.4% 56.2% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY
Slide 23: Asset Quality
Asset Quality Public 22 22
Slide 24: Retail Portfolio Highlights
Retail Portfolio Highlights Balance portfolio Sustainable growth Maintained a balance portfolio with Individual Total sanctions in Q2 FY27 were INR 13,316 crore; Housing Loan at 65% and salaried customer at registering a growth of 48% over Q2 FY26. 57% of the retail portfolio Focussed approach Consi
Slide 25: Collections Update
Collections Update Overall GNPA Retail Collection Efficiency GNPA (Amount) GNPA % NNPA % 1050 2.00% 830 855 809 851 863 850 1.50% 650 1.04% 1.04% 0.93% 0.95% 99.9% 99.4% 99.4% 99.1% 99.3% 0.91% 1.00% 450 250 0.69% 0.68% 0.57% 0.50% 0.58% 0.55% 50 0.00% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26
Slide 26: Expected Credit Loss (ECL) Provisions
Expected Credit Loss (ECL) Provisions Particulars (INR Crore) 30-Sep-26 30-Jun-26 30-Sep-25 Gross Stage 1* 92,280 87,167 77,179 Gross Stage 1 as % to Loan Asset 97.37% 97.21% 96.75% ECL Provision Stage 1 325 292 381 ECL Provision % Stage 1 0.35% 0.34% 0.49% Gross Stage 2* 1,627 1,653 1,761 Gross Sta
Slide 27: Technology Update
Technology Update Public 26 26
Slide 28: Digitizing On-boarding journey: Infinity platform
Digitizing On-boarding journey: In-house developed sales enablement platform “Infinity” Application & Collateral & Document Upload as Login Fee Application form Lead Conversion Applicant(s) Addition Reference Addition per Login Checklist Collection LAN Generation generation & eSign Integration with
Slide 29: Digitizing On-boarding Journey: e-Sign & e-Stamp
Digitizing On-boarding Journey: e-Sign & e-Stamp Powered by Old Process – Manual Stamp & Wet Signing New Process – e-Stamp & eSign Stamping Physical stamp papers procured through vendors, Stamp duty paid digitally with instant generation of legally Mechanism involving manual handling and dependency
Slide 30: AI initiatives
AI initiatives Start POC / Go Status # Project Description Date Live Date Predicts first-time default risk (DPD 1+) using 3–4 quarters of internal payment patterns Pre-Delinquency Feb 2026 Oct 2026 Production 1 and bureau data. Powers proactive collection calls before an EMI is missed, reducing AI C
Slide 31: Financial Performance
Financial Performance Public 30 30
Slide 32: Well Diversified Borrowing Profile
Well Diversified Borrowing Profile Borrowing Mix Cost of Borrowing 14% 16% 15% NHB Refinance Term Loans 36% 38% 39% 7.69% ECBs 7.50% 7.42% 7.19% 7.35% 7.23% 7.36% 7.41% 7.31% 7.26% Deposits 6% 7% 7% NCDs 28% 24% 22% CPs 11% 10% 11% 5% 5% 6% 30-Sep-25 1 30-Jun-26 2 30-Sep-26 3 Q2 FY26 Q3 FY26 Q4 FY26
Slide 33: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Crore) Q2 FY27 Q2 FY26 YoY Q1 FY27 QoQ H1 FY27 H1 FY26 YoY FY26 FY25 YoY FY24 Total Income 2,293 2,032 13% 2,142 7% 4,434 4,026 10% 8,110 7,301 11% 6,777 Finance Cost 1,415 1,267 12% 1,339 6% 2,753 2,501 10% 5,000 4,551 10% 4,261 Net Interest Inc
Slide 34: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Crore) 30-Sep-26 31-Mar-26 31-Mar-25 31-Mar-24 Particulars (INR Crore) 30-Sep-26 31-Mar-26 31-Mar-25 31-Mar-24 LIABILITIES ASSETS 1 Financial Liabilities 1 Financial Assets (a) Derivative financial instruments 15 4 50 - (a) Cash and cash equivalents 2,004
Slide 35: Shareholding & Governance
Shareholding & Governance Public 34 34
Slide 36: Shareholding Pattern
Shareholding Pattern 30-Sep-25 30-Sep-26 Top 10 Shareholders 13.7% 13.8% 28.0% 28.0% • Promoter (PNB) 10.8% 7.5% • Birla Sun Life Mutual Fund • HSBC Mutual Fund 18.6% 14.2% • ICICI Prudential Mutual Fund 28.9% 36.5% • Vanguard • SBI Life Insurance Outstanding Shares 26,05,08,563 26,08,03,913 • PI Op
Slide 37: Distinguished Board of Directors
Distinguished Board of Directors D. Surendran Tejendra Mohan Bhasin Chairperson (Non-Executive Nominee Director ) Independent Director Gita Nayyar Neeraj Vyas Independent Director Independent Director Dipankar Mahapatra Rajiv Kumar Singh Non-Executive Nominee Director Independent Director Shreekant
Slide 38: Experienced and Professional Management Team
Experienced and Professional Management Team Ajai Kumar Shukla Jatul Anand Vinay Gupta Managing Director and CEO Chief Operating Officer Chief Financial Officer Mukesh Agarwal Satish Singh Rahul Jain Chief Business Officer Chief Business Officer - Retail Chief Strategy Officer Affordable Business Vi
Slide 39: ESG Update & Awards
ESG Update & Awards Public 38 38
Slide 40: Governance
Governance Governance Regulations Good Practices Policies Key Features of Governance • Risk Management Committee(RMC) of the Board oversees the company’s Risk Management practices and approve Risk Based Strategy Report the Risk Management Framework Performance of the company Management • Executive R
Slide 41: Overarching ESG Framework
Overarching ESG Framework Building Stronger Foundations for a Enriching Lives. Building Homes. Creating Value Sustainable Future Embed a high performance Responsible Growth Inclusive Impact ESG Culture through continuous capability Board Level Leadership ESG Team building and engagement. Agenda Focu
Slide 42: Sustainable Value Creation Model
Sustainable Value Creation Model ESG Scorecard - Our ESG Aligned with ESG Delivering on Strategic Domestic & Global Enablers Material Topics Objectives A+ Financial Capital Sustainable Business Sound capital base (equity, ESG Rating Growth & Profitability Drive sustainable Retained for 2 debt). prof
Slide 43: ESG Dashboard
ESG Dashboard Environment Social Governance 1 Lakh+ Financial inclusion: 100% 3X ~2.60 GJ/ crore revenue Energy Intensity beneficiaries Enhancing affordable Coverage of Essential in construction worker & homeownership and & Leadership Indicators Times in a underserved comm. empowering women in BRSR
Slide 44: Awards and milestones
MANY MILESTONES. 1 JOURNEY: = i xan vert PehFinvae Awards 205 BW People GEEF Cea Sastanabity hampin Award (saTines vad ASSOQHM National Sumit SexiFUn tome ote Haig, Elo ms Ge Tarn ect ct ear vretSsly ats onBond Market ise Se:above eMgeacy SHOREHAM Bending Se) Bs Housing iene Bond ser ne) KCELLENCE.
Slide 45: Glossary
Glossary Ratios Formulas Used Average Yield (%) (Interest Income + Assignment Income) on Loans / Average Loan Book NIM (%) Net Interest Income including assignment income / Average Earning Assets Opex to ATA (%) Total Operating Expenditure net of acquisition cost / Average Total Assets as per Balanc
Slide 46: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNB Housing Finance Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation, directly or indirectly, in any man
Slide 47: Thank You
Thank You Company: PNB Housing Finance Limited CIN: L65922DL1988PLC033856 Mr. Chaitanya Yadav National Head – Corporate Planning and Investor Relations Phone: +91 124 6030500 [email protected] www.pnbhousing.com Public 46 46
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