Punjab National B's Q1 FY 2026-27 Quarterly Results

Result Summary

• Punjab National Bank reported a 2.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 0.1%.
• Its expenses for the quarter were up by 3.2% QoQ and down 1.3% YoY.
• The net profit increased 4.1% QoQ and increased 169.2% YoY.
• The earnings per share (EPS) of Punjab National Bank stood at 5.06 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

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 one of the largest public sector banks in India, providing a wide range of financial services including retail and corporate banking, investments, and insurance. Established in 1894, PNB has a significant presence across India with numerous branches and ATMs serving millions of customers. The bank's services span across various sectors such as agriculture, industry, and commerce. Recent developments in the banking sector, especially concerning digital transformation and regulatory compliance, have been areas of focus for PNB as it continues to enhance its service offerings and operational efficiency. However, detailed information on any specific recent major developments is not available in the given data.

Revenue

For the quarter ending in Q1FY27, Punjab National Bank reported a total income of ₹37,953.75 crores, reflecting a 2.9% increase from the previous quarter (Q4FY26). Compared to the same quarter of the previous year (Q1FY26), total income saw a marginal decrease of 0.1%. This slight year-over-year decline indicates stable revenue performance over the past year, with quarterly improvements suggesting potential growth momentum. Despite the slight YoY decline, the QoQ growth suggests a potential recovery or enhancement in business activities during the recent quarter.

Profitability

Punjab National Bank's profitability metrics for Q1FY27 reveal a profit before tax of ₹7,108.06 crores, which represents a slight decrease of 0.5% from Q4FY26, but an increase of 1.9% compared to Q1FY26. The tax expense for Q1FY27 was significantly lower at ₹1,768.91 crores, marking a 7.7% decrease QoQ and a substantial 65.6% decrease YoY. Consequently, the profit after tax surged to ₹5,834.77 crores, which is an increase of 4.1% QoQ and a remarkable 169.2% YoY. Earnings per share (EPS) also rose to ₹5.06, up by 4.8% QoQ and 175.0% YoY, reflecting improved profitability after accounting for taxes and other expenses.

Operating Metrics

Total expenses for Punjab National Bank in Q1FY27 amounted to ₹30,290.99 crores, up by 3.2% from the previous quarter, but down by 1.3% from the same quarter in the previous year. Provisions and contingencies increased significantly by 46.0% QoQ and 60.7% YoY, reaching ₹554.70 crores. These provisions are essential for covering potential loan losses and other financial risks, indicating a prudent approach to risk management. Despite the increase in provisions, the bank managed to maintain its operational stability, as indicated by the steady profit before tax and the substantial growth in profit after tax.