Punjab National Bank Q4 Results: Profit Rises 52% As Provisions Fall 77%
.jpeg?downsize=1010:568 "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.
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