PNB Housing Q1 FY27 Results (NSE: PNBHOUSING)

· Analysis by Alpha Inflection

Signal: Earnings grew

PNB Housing Q1 FY27 key financials
MetricValueYoYQoQ
Revenue₹2,263.44 Cr9.0%-73.4%
EBIT₹2,057.07 Cr7.0%
Net profit₹557.34 Cr4.5%
EPS₹21.394.2%
EBIT margin91.6%

P&L walk

Revenue grew 9% YoY to ₹2,263 Cr led by interest income (+8% YoY) and fees/commission (+49% YoY); EBITDA margin compressed 170bps YoY to 91.6% as finance cost rose 8.4% YoY; impairment reversal of ₹29.14 Cr (vs ₹56.22 Cr reversal a year ago) reduced other income drag; PAT grew only 4.5% YoY as tax rate normalised; EPS at ₹21.39 (+4.2% YoY).

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