Punjab National Bank Q4 results: Net profit jumps 52% YoY to Rs 4,567 crore; asset quality improves sharply
Net Interest Income (NII) — the difference between interest earned and interest expended — rose to ₹10,756 crore from ₹10,363 crore YoY, reflecting 3.8% YoY consistent lending momentum and improved spreads.
Total income for the quarter rose to ₹36,705 crore from ₹32,361 crore YoY, while interest earned increased to ₹31,990 crore from ₹28,114 crore. Provisions (excluding tax) declined to ₹359 crore from ₹1,588 crore in Q4 FY24, which further supported profitability.
The bank's operating profit before provisions and contingencies came in at ₹6,776 crore. Tax expenses stood at ₹1,849 crore for the quarter.
On the asset quality front, PNB posted marked improvement. Gross Non-Performing Assets (GNPA) stood at ₹44,081 crore with a GNPA ratio of 3.95%, improving from ₹56,343 crore and 5.73% in Q4 FY24. Net NPAs dropped to ₹4,291 crore, with the NNPA ratio at 0.40% compared to 0.73% a year earlier. Key highlights: Net profit: ₹4,567 crore vs ₹3,010 crore (⬆️ 52% YoY)
Total income: ₹36,705 crore vs ₹32,361 crore (⬆️ 13.4% YoY)
Gross NPAs: ₹44,081 crore vs ₹56,343 crore
GNPA ratio: 3.95% vs 5.73%
Net NPAs: ₹4,291 crore vs ₹6,798 crore
NNPA ratio: 0.40% vs 0.73%
EPS: ₹3.97 vs ₹2.73
Capital adequacy ratio (Basel-III): 17.01% vs 15.97%
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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