PNB Housing Finance shares rally 11% after strong Q2 results

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The company reported a 23% year-on-year (YoY) rise in net profit for the second quarter of FY25, reaching Rs 470 crore.

The improvement in profit was attributed to better asset quality, with the gross non-performing assets (GNPA) ratio declining to 1.24%, down from 1.78% a year ago and 1.35% in the previous quarter.

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