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Punjab National Bank Q2 Results FY24-25 Highlights – Total Income at ₹35,11.47 Crore

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Synopsis:

Punjab National Bank's Q2 FY24-25 consolidated results highlight a notable increase in revenue, driven by diverse operational segments. With significant PAT growth and improved asset quality, the bank showcases a positive outlook amid sector challenges.

Key Highlights/Quick Insights

  • Total Income: ₹35,111.47 crore in Q2 FY24-25.
  • PAT (Profit After Tax): Increased to ₹4714.14 crore in Q2 FY24-25.
  • Operating Profit: Reached ₹7008.80 crore, demonstrating strong operational efficiency.
  • Gross NPA: Reduced to 4.48% from 6.96% YoY, reflecting improved asset quality.

PUNJAB NATIONAL BANK

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101.680.30 (0.29 %)

Updated - 24 December 2024
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Quarterly - Punjab National Bank Q2 Results FY24-25

The second quarter results of FY24-25 for Punjab National Bank (PNB) underline its robust performance with consolidated income touching ₹35,111.47 crore, a 6.6% increase from the previous quarter. PAT has shown remarkable growth, reaching ₹4714.14 crore due to optimized expenses and high provisioning levels that contribute to the stability in asset quality.

Metric

Q2 FY24-25

Q1 FY24-25

Q2 FY23-24

Total Income

₹35,111.47 Cr

₹32,759.89 Cr

₹29,857.05 Cr

Operating Profit

₹7,008.80 Cr

₹6,653.63 Cr

₹6,239.06 Cr

PAT

₹4,714.14 Cr

₹3,976.86 Cr

₹1,990.18 Cr

Gross NPA (%)

4.48%

4.98%

6.96%

Net NPA (%)

0.46%

0.60%

1.47%

Total Deposits

₹14,68416.4 Cr

₹14,17326.97 Cr

₹13,18263.66 Cr

Segment Highlights

  1. Treasury Operations: Generated revenue of ₹10,574.16 crore, reflecting a strategic shift towards higher-yielding assets.
  2. Corporate/Wholesale Banking: Continued growth, with revenue of ₹14,481.71 crore.
  3. Retail Banking: Steady performance at ₹9,434.51 crore, underscoring PNB’s deep reach in the retail sector.
  4. Other Banking Operations: Marginal increase in earnings to ₹621.09 crore, highlighting PNB’s diverse financial portfolio.

Sector Expectations for Punjab National Bank Q2 Results FY24-25

Punjab National Bank has aligned well with sector expectations, showcasing resilience against industry volatility. The bank’s stable deposit growth and reduced provisioning may indicate a positive outlook, aligning with broader industry recovery trends.

Management Commentary

The management emphasized PNB's focus on strengthening asset quality, growing revenue, and stabilizing operational efficiency. They remain optimistic about sustained growth in corporate and retail sectors, bolstered by continued digital transformation and targeted expansion strategies.

Check out Punjab National Bank past performances in previous quarters and financial years.

Conclusion

Punjab National Bank's Q2 results for FY24-25 illustrate a balanced growth approach, with solid financial performance across segments. With strong revenue generation, improved PAT, and significant NPA reduction, PNB sets a positive course in an evolving market landscape.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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