PNB Housing Finance added over 12pc on strong Q4 earnings

Shares of PNB Housing Finance closed over 12% higher on bourses on Friday after the paint company reported strong numbers for the Q4FY2019.

The company reported a 51% jump in its consolidated net profit at Rs379.77-crore for the fourth quarter ended March 2019, V/s Rs251.58-Cr in the year-ago period.  The Company’s total income during the Q4FY19 rose to Rs.2148.19-crore, up by 31 percent against Rs.1638.48-Cr in the corresponding quarter of 2017-18. Further, the Company’s BoD has recommended a final dividend of Rs.9 per equity share for 2018-19.

On the NSE, the PNB Housing Finance stock gained by 12.80 percent at Rs.790 per share, while on the BSE it added 12.08% to close at Rs.782.35-per share.

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