PNB Housing Finance Shares Plunge 10% After Q3 Earnings Miss Estimates

• PNB Housing Finance shares dropped 10% on Thursday, January 22, following its Q3 earnings report and management commentary.
• Net interest income (NII), pre-provision operating profit (PPOP), and profit after tax (PAT) all fell below analyst estimates.
• Loan growth and retail growth were lower than the management's full financial year guidance.
• Net interest margins (NIMs) contracted sequentially, and affordable segment disbursements saw a 15% annual decline, a significant concern for analysts.
• Management cited government ordinance impact on affordable disbursements but expects sequential growth in Q4; concerns remain over NIM pressure and credit costs.

Why It Matters: PNB Housing Finance shares fell sharply due to Q3 earnings missing estimates and concerns over NIMs and disbursements.