Q2 FY27 earnings show stronger margins and asset quality

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF Explain this filing

PNB · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹122.50

prior close

₹119.70

announcement price

In-mkt

timing

Nifty 100market-0.7%-1.0% vs market

Public Sector Bank peers, median of 11sector-3.6%+1.9% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty 100 and 1.9 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

+0.6

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-0.7-1.0-3.6+1.9

Next day

-1.9-0.0-1.9-3.0+1.2

-1.0+0.2-1.2-2.0+1.0

-1.8pendingpending-2.3+0.5

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15d

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UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

PNB reported Q2 FY27 net profit of INR 5,532 crore, up 12.8% year on year. Domestic net interest margin rose 10 basis points to 2.74%, with another 7 to 9 basis points expected in Q3. Gross and net bad-loan ratios fell to 2.55% and 0.25%. Advances grew 14.7% to INR 13.41 lakh crore, supported by a INR 1.58 lakh crore credit pipeline.

Likely market impact

Strong profit growth, improving margins and lower bad loans support the outlook, but agriculture stress and future provision needs remain risks.