The Delhi-based mortgage lender's AUM shrank from Rs 83,346 crore as of March 31, 2020, to Rs 74,470 crore as of March 31, 2021
After witnessing a shrinkage in assets under management (AUM), in FY21, PNB Housing Finance (HF) is looking at single-digit growth in AUM and a 15-16 percent growth in disbursement in FY22.
The emphasis will be on the affordable housing segment. The disbursement grew by 50 percent to about Rs 3,900 crore in Q4FY21. The AUM growth would be in single digits in the current financial year and rise to double digits in the next year, company executives said in an analyst call after Q4FY21 results were announced.
The Delhi-based mortgage lender's AUM shrank from Rs 83,346 crore as of March 31, 2020, to Rs 74,470 crore as of March 31, 2021. The loan book decreased from Rs 67,571 crore at end of March 2020 to Rs 62,256 crore at end of March 2021.
Retail loans contribute 84 percent and corporate loans contribute 16 percent of the AUM. The corporate book in absolute terms fell by 19 percent in FY21 on account of sell down/accelerated payment/scheduled repayment, PNB HF said in a statement.
Gross Non-Performing Assets (NPA) rose to 4.44 percent in March 2021 as against 2.75 percent in March 2020. Net NPAs were up at 2.43 percent in March 2021 from 1.75 percent as of March 31, 2020.
Meanwhile, PNB HF posted a net profit of Rs 127 crore in Q4FY21 as against a net loss of Rs 242 crore in the corresponding period last year. For FY21, the net profit rose by 44 percent to Rs 930 crore from Rs 646 crore in FY20.
The company's board decided against recommending dividends for 2020-21 due to the current economic scenario. Its capital adequacy ratio stood at 18.73 percent at end of March 2021.
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