Punjab National Bank Q4 FY25 Earnings Preview: Punjab National Bank (PNB), the country’s third largest public sector lender by market capitalisation (mcap), on Wednesday reported a standalone net profit of Rs 4,567 crore for the quarter ended March 31, marking a 51.7 per cent increase over the corresponding period a year ago. The state-run lender’s net interest income grew 3.8 per cent on a year-on-year basis to Rs 10,757 crore, according to a regulatory filing.
While the PSU bank’s bottom-line was in line with analysts’ expectations, its top-line failed to meet the mark.
Analysts had expected the lender to stage a strong financial performance for the final three months of FY25 given a low base a year ago.
PNB Q4 FY25 Results: Net profit jumps nearly 52%, NII grows 3.8%
According to Zee Business research, PNB was estimated to register a net profit of Rs 4,550 crore with a net interest incme of Rs 11,500 crore for the January-March period.
PNB asset quality stable
Punjab National Bank maintained its asset quality as widely expected.
Its gross and net non-performing assets (NPAs) stood at 3.95 per cent and 0.4 per cent of total loans in the quarter ended March 31, 2025, as against 4.09 per cent and 0.41 per cent three months ago, according to the filing.
A bank’s asset quality is measured by sequential changes in the proportion of bad loans in total loans.
Zee Business analysts had pegged the state-run lender’s gross NPAs at 3.9 per cent and net NPAs at 0.4 per cent for the March quarter.
Its provisions decreased to Rs 359.7 crore from Rs 1,588.1 crore a year ago, missing estimates. Zee Business analysts had estimated the bank’s January-March 2025 provisions to be at Rs 270 crore.
PNB declares dividend per share
The lender announced a dividend of Rs 2.9 per equity share, marking a 145 per cent payout given the face value of Rs 2 per equity share.
It announced June 20 as the record date for the dividend.
PNB share price news
Earlier on Wednesday, Punjab National Bank shares ended 0.3 per cent weaker at Rs 94.3 apiece on BSE.
At these levels, the PNB stock has declined about 23 per cent in a year, sharply underperforming gains of 9.5 per cent and 13 per cent in the Nifty 50 and Nifty Bank indices respectively.
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