PNB Housing Finance Q1 net profit up 48 pc

New Delhi: PNB Housing Finance on Monday reported a 48 per cent rise in net profit to Rs 347 crore in the June quarter. The mortgage firm, which is promoted by Punjab National Bank, had posted a net profit of Rs 235 crore in the year-ago period. Total income in the first quarter of the current fiscal rose to Rs 1,708 crore from Rs 1,412 crore in the same period a year ago, PNB Housing Finance said in a regulatory filing. Interest income of the company improved to Rs 1,667 crore from Rs 1,299 crore in June 2022. Total expenses of the housing finance firm increased to Rs 1,261 crore, as against Rs 1,101 crore in the year-ago period.