Shares of PNB Housing hit a lower circuit on Friday, August 1, 2025 after Managing Director and Chief Executive Officer Girish Kousgi resigned. The counter opened with a loss of 9.84 per cent at Rs 887.60 against the previous close of Rs 986.20 on the BSE. The counter dipped further to hit the lower circuit of Rs 838.30. Later, it touched a low of Rs 809.10, representing a loss of 17.95 per cent from the closing price of the last trading session. Technically, the stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
The 52-week high of the stock is Rs 1,201.45, and the 52-week low is Rs 746.10. The market cap of the company is Rs 21,194.41.
PNB Housing Finance MD & CEO Resigns
PNB Housing Finance Managing Director and Chief Executive Officer Girish Kousgi has announced his resignation. Kousgi will step down from his role effective October 28, 2025.
The board, while accepting his resignation noted that Kousgi will cease to be a director on the board of Directors of PHFL Home Loans and Services Ltd, and PEHEL Foundation -- the subsidiaries of the company, with effect from October 28, 2025.
In a regulatory filing on Friday, PNB Housing Finance said the company affirms that its strategic priorities, business focus, and growth trajectory remain firmly intact, based on the strong foundation that Kousgi has helped build.
PNB Housing Finance Quarterly Results
Earlier, PNB Housing Finance recently reported a 23 per cent increase in its net profit to Rs 534 crore in the April-June quarter of the financial year 2025-26. The company had earned a net profit of Rs 433 crore in the same quarter a year ago.
The company's total income for the quarter grew to Rs 2,082 crore from Rs 1,832 crore in the corresponding quarter of the previous fiscal year, PNB Housing Finance said in a regulatory filing.
Interest income for the quarter was higher at Rs 1,980 crore compared to Rs 1,739 crore a year ago.
With PTI Inputs
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
