Financial Services
Pnb Housing Finance Limited Q2 & H1 FY27: Loan Assets Up 19%, Disbursements Hit INR 9,609 Cr
PNB Housing Finance Limited (PNBHOUSING) reports a 19% YoY growth in loan assets and a 60% increase in disbursements for Q2 & H1 FY27.
PNB Housing Finance Limited (NSE: PNBHOUSING) announced consolidated audited financial results for the quarter and half year ended 30th September 2026. The company reported a 19% year-on-year growth in loan assets to INR 95,079 crore and a 60% surge in disbursements to INR 9,609 crore for Q2 FY27.
Loan Portfolio Growth
The company’s assets under management stood at INR 98,210 crore, marking a 17% year-on-year growth. Retail loan assets reached INR 94,391 crore, reflecting a 19% increase. The affordable and emerging markets segment grew by 45% and 22% year-on-year, contributing 41% to the retail loan assets.
Disbursement Highlights
Total disbursements for Q2 FY27 stood at INR 9,609 crore, with retail disbursements hitting an all-time high of INR 9,250 crore, registering a 54% year-on-year growth. Corporate disbursements for Q2 FY27 were INR 360 crore.
Commenting on the performance, Mr. Ajai Shukla, Managing Director & CEO, said: “Q2 FY27 has been another encouraging quarter for PNB Housing Finance as we continued to deliver consistent growth across business parameters. Our focus on granular retail expansion, particularly in the Affordable and Emerging Markets segments, has enabled us to strengthen our market position while maintaining prudent risk discipline. We recorded strong growth in loan assets and achieved our highest-ever retail disbursements, underscoring the strength of our franchise and customer proposition. At the same time, asset quality continued to improve, supported by strong collection performance and sustained recovery efforts. Our profitability metrics strengthened during the quarter, driven by improved spreads, stable margins, and efficient cost management. We remain committed to driving profitable growth while maintaining a high-quality portfolio and a strong balance sheet. As we move into the second half of FY27, we remain confident in the long-term housing finance opportunity and will continue to focus on expanding our retail footprint, enhancing customer experience, and delivering sustainable value to our stakeholders.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of PNB Housing Finance Limited
PNB Housing Finance Limited belongs to the Financial Services › Mortgage Finance sector. Here’s a quick read on where the business and the stock stand today.
PNB holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.44 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. D/E reaches 2.66. High leverage in this environment is a material risk the market cannot ignore. The stock trades at 88% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 12.5%, profits at 29.9%, and the PEG sits at 0.44 — below its growth rate. That combination is rare. Check Fundamentals of PNB Housing Finance Limited.
CARERATING
Care Ratings Limited Q2 FY27: Operating Income Up 20% Yoy
CARE Ratings Limited (NSE: CARE) reports a 20% YoY increase in operating income for Q2 FY27.
CARE Ratings Limited (NSE: CARE) has announced its unaudited financial results for the quarter ended 30th September 2026. The company reported a 20% year-on-year increase in operating income, reflecting robust performance across its ratings and non-ratings businesses.
Financial Highlights
The company’s operating income for Q2 FY27 stood at Rs. 164.13 Crs, marking a 20% growth compared to the same period last year. The earnings per share (EPS) also saw a significant rise, reaching Rs. 23.88, up from Rs. 22.98 in the previous quarter. The profit after tax (PAT) increased by 26% to Rs. 72.37 Crs, highlighting the company’s strong financial health.
Segmental Performance
The ratings business of CARE Ratings Limited grew by 21% year-on-year to Rs. 148.51 Crs, while the non-ratings business also experienced a 15% growth to Rs. 15.62 Crs. The consolidated EBITDA margin improved to 23%, and the PAT margin stood at 26%, indicating efficient cost management and operational efficiency.
Moreover, the company’s consolidated operating income for the half-year ended 30th September 2026 increased by 20% to Rs. 275.81 Crs. The consolidated PAT for the same period rose by 26% to Rs. 105.36 Crs, showcasing sustained growth and profitability.
As a result, the company’s overall performance for H1 FY27 has been impressive, with a 17% increase in standalone operating income and a 20% rise on a consolidated basis. The ratings and non-ratings businesses both reported robust growth of 20% and 18% respectively, underscoring the company’s diversified revenue streams and strong market position.
Looking ahead, CARE Ratings Limited remains committed to its mission of delivering clarity, conviction, and quality-led growth across all its segments. The company’s resilience in the face of global economic challenges and its ability to sustain growth reflect its strategic focus and operational excellence.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of CARE Ratings Limited
CARE Ratings Limited belongs to the Financial Services › Financial Data & Stock Exchanges sector. Here’s a quick read on where the business and the stock stand today.
CARE moves sideways over three months, with neither buyers nor sellers taking control. Industry-leading margins of 36.2% reflect exceptional pricing power and operational efficiency. The business compounds revenue at 19.2% and profits at 27.0% CAGR. That is strong double-digit growth on both counts. Buyers show up with 1.9x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Revenue grows at 19.2% and profits at 27.0%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of CARE Ratings Limited.
Banks - Regional
Suryoday Small Finance Bank Limited (suryoday) Q2 & H1 FY27: Profit After Tax Up 131%, Gross Advances Surge 34.6%
Suryoday Small Finance Bank Limited (SURYODAY) reports Q2 & H1 FY27 results with PAT up 131%, gross advances up 34.6%.
Suryoday Small Finance Bank Limited (SURYODAY) has announced its unaudited financial results for the quarter and half year ended 30th September 2026. The bank reported a significant surge in Profit After Tax (PAT) by 131% year-on-year, driven by a robust increase in gross advances. The bank’s gross advances portfolio stood at Rs. 14,972 Cr as on Sep’26, up 34.6% year-on-year.
Financial Highlights
The pre-provision operating profit (PPOP) increased by 83.8% year-on-year from Rs. 79.1 Cr to Rs. 145.5 Cr in Q2 FY27. Net total income increased by 46.5% year-on-year from Rs. 338.1 Cr to Rs. 495.3 Cr. For the half year, the PPOP increased by 51.0% year-on-year from Rs. 188.1 Cr to Rs. 284.1 Cr.
Operational Performance
Disbursements stood at Rs. 3,096 Cr in Q2 FY27 as compared to Rs. 2,430 Cr in Q2 FY26, an increase of 27.4% year-on-year. Deposits stood at Rs. 16,184 Cr as on Sep’26 as compared to Rs. 11,991 Cr as on Sep’25, an increase of 35.0% year-on-year. The cost to income ratio improved to 70.6% in Q2 FY27 as compared to 76.6% in Q2 FY26.
Looking Ahead
Mr. Baskar Babu Ramachandran, MD & CEO, Suryoday Small Finance Bank, emphasized the bank’s focus on disciplined growth, robust underwriting, and strong collection efforts. The bank intends to grow its digital banking division to enhance its deposits, assets, and earnings. With a healthy capital position and improved asset quality, Suryoday Small Finance Bank Limited is poised for continued growth.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Suryoday Small Finance Bank Limited
Suryoday Small Finance Bank Limited belongs to the Financial Services › Banks – Regional sector. Here’s a quick read on where the business and the stock stand today.
Suryoday falls 17.7% over three months and has not found a floor yet. The PEG of 0.33 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. D/E of 1.29 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. The stock gains 3.0% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 20.0% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Suryoday Small Finance Bank Limited.
Credit Services
Indostar Capital Finance Limited Q2 Fy’27: Disbursements ₹ 1,399 Crore Up 51% Yoy
IndoStar Capital Finance Limited (INDOSTAR) reports Q2 FY’27 disbursements up 51% YoY to ₹ 1,399 crore, with AUM growing to ₹8,459 crore.
IndoStar Capital Finance Limited (INDOSTAR) announced its financial results for the quarter ended September 30th, 2026. The company’s disbursements increased by 51% year-on-year to ₹ 1,399 crore, reflecting strong business momentum across its focus segments. The Asset Under Management (AUM) grew to ₹ 8,459 crore, representing a 12% year-on-year growth. Net Interest Income (NII) crossed ₹ 200 crore, marking a growth of 27% year-on-year.
Operational Highlights
The pre-provision operating profit rose to ₹ 109 crore with a year-on-year growth of 58%. The company continued to strengthen its funding profile, with its weighted average cost of funds declining to 9.7% in Q2 FY27 from 10.4% in Q2 FY26, an improvement of 70 basis points. Gross Stage 3 assets stood at 4.5%, while Net Stage 3 assets were 2.4%.
Strategic Initiatives
IndoStar continued to make progress on its key strategic priorities. The company maintained a disciplined approach to credit risk through comprehensive borrower assessment and proactive identification of potential stress indicators. The branch network expanded to 475 locations across 24 states and union territories, adding 7 branches during the quarter.
As a result, the company is well-positioned to leverage its strategic initiatives and continued growth in the financial sector.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of IndoStar Capital Finance Limited
IndoStar Capital Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
IndoStar drops 27.8% over three months and trades near its 52-week lows. D/E of 1.90 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 14% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 6.4% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of IndoStar Capital Finance Limited.
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