PNB Housing Finance reported a 19 per cent decline in net profit at Rs 188 crore for the quarter ended December 2021, led by fall in core income as disbursements slipped.
The non-banking finance company, had reported a net profit of Rs 232 crore in the same period a year ago.
The company's total income during October-December period of 2021-22 stood at Rs 1,495.61 crore, down by 26.8 per cent from Rs 1,896.35 crore in same quarter of 2020-21, PNB Housing Finance said.
The Net Interest Income (NII) stood at Rs 439 crore compared to Rs 590 crore, registering a decline of 26 per cent. '
(With inputs from PTI)
