Punjab National Bank Q4 Results: Profit Rises 52% As Provisions Fall 77%

Punjab National Bank Ltd.'s standalone net profit during the quarter ended March rose 52% to Rs 4,567 crore, compared to Rs 3,010 crore in the year-ago period.

The net interest income—the difference of interest earned and interest paid— for the quarter rose 4% to Rs 10,757 crore. This compares to Rs 10,363 crore reported in the corresponding quarter of the previous fiscal.

PNB's asset quality improved during the quarter under review, with the gross non-performing assets ratio declining to 3.95% from 4.09% in the October-December period. In absolute terms, the gross NPA fell to Rs 44,082 crore from Rs 45,414 crore in the previous quarter.

The net NPA ratio did not see much of a change, coming up to 0.40% from 0.41% in the preceding quarter. In absolute terms, the net NPA also declined to Rs 4,291 crore from Rs 4,437 crore.

Operating profit rose 6% to Rs 6,776 crore in comparison to Rs 6,416 crore in the same quarter last year. Provisions fell 77% to Rs 360 crore in comparison to Rs 1,588 crore reported in the same quarter the previous year.

The board of directors also approved a dividend of Rs 2.90 per share. The public bank's board also considered the proposal of raising up to Rs 8,000 crore through bonds.

Punjab National Bank Q4FY25 Standalone

• Net interest income rose 4% year-on-year to Rs 10,757 crore from Rs 10,363 crore.

• Gross NPA fell to 3.95% quarter-on-quarter from 4.09%.

• Net NPA remained flat quarter-on-quarter at 0.40% vs 0.41%.

• Net profit rose 52% year-on-year to Rs 4,567 crore from Rs 3,010 crore.