PNB Housing has reported a 25 percent jump in net profit for fiscal first quarter at Rs 433 crore, helped by a steady growth in home loans.

The housing finance company reported a profit of Rs 347 crore in the corresponding quarter of the previous year, it said in an exchange filing on July 25.

The company’s gross non-performing assets (GNPA) declined by 241 basis points (bps) to 1.35 percent from 3.76 percent last year. Net NPA declined to 0.92 percent.

Disbursement grew 19 percent YoY to Rs 4,398 crore. Retail disbursement constituted 99 percent with emerging markets and affordable segment contributing 33 percent of the retail disbursement in the quarter.

Affordable book crossed Rs 2,000 crore mark and stood at Rs 2,361 crore.

The lender’s Net Interest Income grew 4 percent YoY and 3 percent QoQ to Rs 651 crore. Operating expenditure jumped 27 percent YoY and 8 percent QoQ to Rs190 crore.

Net Interest Margin stood at 3.65 percent against 3.65 percent in the previous quarter and 3.86 percent in the year-ago period.