Punjab National Bank has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Awaiting price reaction for this filing.
Punjab National Bank reported standalone net profit of Rs 1,663 crore for Q1 FY26, sharply higher than Rs 325 crore in Q1 FY25. Total income grew about 18% year-on-year to Rs 3,799 crore from Rs 3,217 crore, driven by higher interest on advances and investments. Asset quality continued to improve, with gross NPAs falling to 3.78% (from 3.95% a year ago) and net NPAs at 0.40% (from 0.60%). The bank switched to the lower income tax regime from FY26, which resulted in a one-time non-cash charge of Rs 3,324 crore to the P&L. Capital adequacy remains strong at 17.01% (CET 1 at 12.33%), and provisioning coverage ratio improved to 96.88%. Operating margin nearly doubled to 4.50% from 2.44% in the year-ago quarter.
Strong earnings growth and improving asset quality are positive for shareholders, though the headline profit includes a large one-time tax adjustment. The sharp rise in operating profit and lower NPAs suggest fundamental improvement, likely supportive of the stock and investor sentiment.