{"id":58359,"date":"2025-08-01T16:22:58","date_gmt":"2025-08-01T10:52:58","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=58359"},"modified":"2025-11-06T23:22:44","modified_gmt":"2025-11-06T17:52:44","slug":"explained-why-pnb-housing-finance-share-price-crashed-20-today","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/explained-why-pnb-housing-finance-share-price-crashed-20-today\/","title":{"rendered":"Explained: Why PNB Housing Finance Share Price Crashed 20% Today"},"content":{"rendered":"
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Shares of PNB Housing Finance<\/a> cracked more than 15% today, following the resignation of its MD and CEO Girish Kousgi before the completion of his term.<\/p>\n\n\n\n

PNB Housing Finance Share Price<\/strong><\/p>\n\n\n\n\n\n

About PNB Housing Finance<\/h1>\n\n\n\n

PNB Housing Finance offers retail customers housing and non-housing loans, including individual home loans<\/a>, loans against property, and non-resident property loans, among other services.<\/p>\n\n\n\n

As of FY25, 72% of its loan book comes from individual housing loans<\/a> and the remaining from the non-housing loan segment.<\/p>\n\n\n\n

PNB Housing Finance (FY25 Loan Book Rs 75,756 Cr)<\/strong><\/p>\n\n\n\n\n\n

Source: Investor Presentation<\/p>\n\n\n\n

It’s promoted by the Punjab National Bank (PNB)<\/a>, which holds 28.1% stake as of June 2025.<\/p>\n\n\n\n

PNB Housing Shareholding Breakup – June 2025<\/strong><\/p>\n\n\n\n\n\n

Source: BSE<\/a><\/p>\n\n\n\n

PNB Housing CEO\u2019s Sudden Resignation<\/h1>\n\n\n\n

In a press release, the company said Kousgi has resigned and will step down from his role effective October 28, 2025. He joined the organisation in October 2022 for four years.<\/p>\n\n\n\n\n\n

Source: Press Release<\/p>\n\n\n\n

The kneejerk reaction in its stock price<\/a> after the resignation comes as Kousgi has played a key role in transforming PNB Housing, scaling new businesses and improving asset quality<\/a>.<\/p>\n\n\n\n

PNB Housing Finance emerged as the third-largest housing finance company in India during Girish Kousgi’s tenure.<\/p>\n\n\n\n

Since 2022 when he took over, the company\u2019s topline has grown while bottomline has more than doubled.<\/p>\n\n\n\n

PNB Housing Financial Snapshot<\/strong><\/p>\n\n\n\n

Particulars (Rs Cr)<\/td>FY21<\/td>FY22<\/td>FY23<\/td>FY24<\/td>FY25<\/td><\/tr>
Revenue<\/td>7,565<\/td>6,141<\/td>6,491<\/td>7,016<\/td>7,651<\/td><\/tr>
Financing Profit<\/td>1,230<\/td>1,111<\/td>1,416<\/td>2,015<\/td>2,542<\/td><\/tr>
Net Profit<\/td>925<\/td>822<\/td>1,056<\/td>1,527<\/td>1,949<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: Company<\/p>\n\n\n\n

Even shares of PNB Housing Finance have surged over 200% since he joined. <\/p>\n\n\n\n\n\n

Outlook<\/h3>\n\n\n\n

Following the CEO and MD\u2019s exit<\/a>, PNB Housing Finance assured investors today and said the strategic priorities, business focus and growth trajectory will remain ‘firmly intact’, building on the foundation by Kousgi. <\/p>\n\n\n\n\n\n

Source: Press Release<\/p>\n\n\n\n

Last week when the company declared its Q1 results, Kousgi had said that PNB Housing Finance is confident to achieve a higher NIM guidance of 3.7% as against the previously stated range of 3.6\u20133.65%, with affordable and emerging segments driving the margins.<\/p>\n\n\n\n

Affordable Segment Loan Assets on the Rise<\/strong><\/p>\n\n\n\n\n\n

Source: Investor Presentation<\/p>\n\n\n\n

Emerging Market Segment Loan Assets on the Rise<\/strong><\/p>\n\n\n\n\n\n

Source: Investor Presentation<\/p>\n\n\n\n

As part of its future plans, the company has expanded with 40 new branches in FY25 and is focusing on expanding in South, North, and West regions.<\/p>\n\n\n\n\n\n

Source: Investor Presentation<\/p>\n\n\n\n

All being said, the housing finance industry is one of the most competitive segments of the Indian economy, with the banking sector<\/a> having a significant presence. Banks have an edge over housing finance companies due to access to relatively low-cost funds raised through deposits. <\/p>\n\n\n\n

Nevertheless, with the rise of both affordable and premium housing<\/a>, housing finance business is on an upward trajectory, due to growing economy, increased urbanization, government incentives, acceptability of credit in society and rise in nuclear families.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The housing finance sector<\/a> is riding a strong growth wave \u2014 thanks to India\u2019s expanding economy, rising urbanisation, government support, growing credit awareness, and the shift towards nuclear families.<\/p>\n\n\n\n

Naturally, this has pulled in a crowd. With more players entering the space, competition has intensified, making it harder to protect market share and margins.<\/p>\n\n\n\n

Banks still hold a key advantage \u2014 they can raise cheaper funds through deposits. So, whenever interest rates<\/a> dip, banks can act faster. Housing finance companies, on the other hand, have no choice but to follow \u2014 or risk losing ground.<\/p>\n\n\n\n

That said, industry tailwinds remain strong. And in this race, it\u2019s the market leaders who are best positioned to win first \u2014 the others will follow, if they can keep up.<\/p>\n\n\n\n

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis \u2013 Research & Ranking. We will not be liable for any losses that may occur. Investments<\/a> in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI<\/a>, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of PNB Housing Finance cracked more than 15% today, following the resignation of its MD and CEO Girish Kousgi […]<\/p>\n","protected":false},"author":22,"featured_media":58360,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948],"tags":[],"class_list":["post-58359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/58359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=58359"}],"version-history":[{"count":10,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/58359\/revisions"}],"predecessor-version":[{"id":59685,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/58359\/revisions\/59685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/58360"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=58359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=58359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=58359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}