PNB Q1 Results: Net profit surges 214% YoY to Rs 5,253 crore; NII up 2%

Punjab National Bank reported Q1 FY27 net profit of Rs 5,253 crore, surging 214% year-on-year, while sequentially rising about 0.5% from Rs 5,225 crore in the previous quarter. Net interest income grew over 2% YoY to Rs 10,798 crore, and asset quality improved materially with gross NPAs falling to 2.78% from 3.78% and net NPAs easing to 0.26% from 0.38% a year ago. However, provisions for bad loans doubled YoY to Rs 792 crore, while the capital adequacy ratio strengthened to 18.13% from 17.5%.