Punjab National Bank's Q2 FY 2025-26 Quarterly Results

Result Summary

• Punjab National Bank reported a 3.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 4.5%.
• Its expenses for the quarter were down by 3.8% QoQ and up 5.1% YoY.
• The net profit increased 136.3% QoQ and increased 8.1% YoY.
• The earnings per share (EPS) of Punjab National Bank stood at 4.46 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Punjab National Bank (PNB) is a prominent financial institution in India, primarily engaged in providing a wide range of banking and financial services. As one of the leading public sector banks in India, PNB offers products and services that include retail banking, corporate banking, international banking, and treasury operations. Established in 1894, the bank has played a significant role in India's banking sector, with a considerable presence across the country. The bank has a diverse portfolio that caters to the needs of individual customers as well as businesses. Recent developments regarding the bank might include digital banking initiatives and partnerships to enhance service delivery, although specific details of recent major initiatives are not available in the provided data.

Revenue

In Q2FY26, Punjab National Bank reported a total income of ₹36,683.78 crores, reflecting a quarter-over-quarter (QoQ) decrease of 3.5% from ₹37,998.84 crores in Q1FY26. On a year-over-year (YoY) basis, the total income rose by 4.5% compared to ₹35,111.47 crores in Q2FY25. These figures indicate the bank's revenue-generating capabilities over the quarters and year, with the YoY increase suggesting an upward trend in income. The total income metric captures the bank's performance in generating money from its various operations and services during the respective quarters.

Profitability

Punjab National Bank's profitability is indicated by several key metrics. The bank's profit before tax (PBT) for Q2FY26 was ₹6,527.08 crores, which marked a 6.4% decrease from the ₹6,973.42 crores recorded in Q1FY26. When compared to Q2FY25, this figure decreased by 3.0% from ₹6,728.64 crores. Profit after tax (PAT) for Q2FY26 was ₹5,120.59 crores, showing a significant QoQ increase of 136.3% from ₹2,167.10 crores in Q1FY26 and a YoY increase of 8.1% from ₹4,739.04 crores in Q2FY25. The earnings per share (EPS) for Q2FY26 stood at ₹4.46, up 142.4% QoQ from ₹1.84 in Q1FY26 and a 4.4% increase YoY from ₹4.27 in Q2FY25. These metrics provide insights into the bank's efficiency in managing its operations and cost structures to improve profitability.

Operating Metrics

The total expenses for Punjab National Bank in Q2FY26 were ₹29,528.90 crores, a 3.8% decrease from ₹30,680.31 crores in Q1FY26, and a 5.1% increase from ₹28,102.67 crores in Q2FY25. Provisions and contingencies, a crucial operating metric reflecting the bank's risk management practices, increased significantly by 81.9% QoQ to ₹627.80 crores from ₹345.11 crores in Q1FY26, and by 124.1% YoY from ₹280.16 crores in Q2FY25. The tax expense for Q2FY26 was ₹1,678.44 crores, showing a substantial QoQ decrease of 67.4% from ₹5,141.20 crores in Q1FY26 and a YoY decrease of 26.9% from ₹2,296.65 crores in Q2FY25. These operating metrics highlight the bank's financial management strategies and its approach to provisioning, taxation, and expense control during the period under review.