PNB Q4 Results: State-owned Punjab National Bank (PNB) announced its January-March quarter results for fiscal 2025-26 (Q4FY26) on Tuesday, May 5, reporting a 14.4% rise in standalone net profit to Rs 5,225 crore, compared to Rs 4,567 crore in the corresponding period last year, mostly driven by higher interest income. However, the public-sector lender's total income declined to Rs 36,319 crore during the quarter under review from Rs 36,705 crore in the year-ago period.
The PSB's net interest income - the difference between interest earned on loans and interest paid on deposits, dropped 3.5% to Rs 10,380 crore, compared to Rs 10,757 crore in the year-ago period. Interest income grew to Rs 32,157 crore during the March quarter from Rs 31,989 crore in the fourth quarter of the previous fiscal. Operating profit rose 10.7% to at Rs. 7,500 crore compared to Rs. 6,776 crore in the same period last year. Provisions dropped by 32.5% to Rs. 906 crore sequentially from Rs. 1,341 crore.
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The bank's operating expenses dropped by 19% to Rs. 7,042 crore compared to Rs. 8,697 crore in the year-ago period. Other income dropped by 11% to Rs. 4,162 crore from Rs. 4,716 crore in the same period last year. The bank's global loan grew by 12.7% while global deposits rose 9.2% to Rs 17.1 lakh crore. Fresh slippages stood at Rs 2,758 crore in the March quarter.
PNB Q4 Results: Key Metrics
On the asset quality front, the lender's gross non-performing assets (NPAs) improved to 2.95% of gross advances as compared to 3.95% by the end of March 2025. Similarly, net NPAs came down to 0.29% from 0.4%. Sequentially, the GNPA improved by 24 basis points and NNPA by three bps. The board also recommended a dividend of Rs 3 per equity share for FY 2025-26, subject to approval of shareholders at the ensuing Annual General Meeting of the bank. The record date was not announced.
PNB Share Price Today
According to PNB's chief executive officer, the lender is targetting 12-13% credit growth and 9-10% deposit growth in FY27. A 2.5% GNPA ratio target is eyed for FY27. Recoveries worth Rs 13,000 crore is being expected for FY27, as per the management. Shares of PNB settled 0.63% lower at Rs 108 apiece on the NSE. The bank's stock has gained over 3% in one month, 9% in the last one year, but has declined more than 12% on an year-to-date basis, according to NSE data.
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