Punjab National Bank's Q3 FY 2025-26 Quarterly Results
- 1d ago
Result Summary
- Punjab National Bank reported a 3.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 7.4%.
- Its expenses for the quarter were up by 2.7% QoQ and 5.9% YoY.
- The net profit increased 8.9% QoQ and increased 15.9% YoY.
- The earnings per share (EPS) of Punjab National Bank stood at 4.83 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 37902.66 | 36683.78 | 35286.43 | 3.3% | 7.4% |
Total Expenses | 30332.34 | 29528.90 | 28634.81 | 2.7% | 5.9% |
Provisions & contingencies | 1130.44 | 627.80 | -403.42 | 80.1% | -380.2% |
Profit Before Tax | 6439.88 | 6527.08 | 7055.04 | -1.3% | -8.7% |
Tax | 1250.09 | 1678.44 | 2406.44 | -25.5% | -48.1% |
Profit After Tax | 5576.54 | 5120.59 | 4811.02 | 8.9% | 15.9% |
Earnings Per Share | 4.83 | 4.46 | 4.18 | 8.3% | 15.6% |
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 India’s prominent banking institutions, primarily engaged in providing a wide range of financial services including retail and corporate banking, asset management, and insurance. Established in 1894, PNB has a significant presence across the country with a large network of branches and ATMs. As a leading player in the banking industry, PNB offers various products such as savings and current accounts, loans, credit cards, and investment services. The bank is known for its focus on digital banking solutions, enhancing customer experiences through technology-driven services. Recent developments in the banking sector, such as regulatory changes or technological advancements, could influence PNB's operational strategies, although specific recent developments are not available in the provided data.
Revenue
In the third quarter of the fiscal year 2026 (Q3FY26), Punjab National Bank reported a total income of ₹37,902.66 crores, reflecting a quarter-over-quarter (QoQ) increase of 3.3% from ₹36,683.78 crores in Q2FY26. Year-over-year (YoY), the total income also saw a rise of 7.4% from ₹35,286.43 crores in the same quarter of the previous year (Q3FY25). This growth in revenue can be indicative of improved business operations or increased market activity during this period. The steady increase in revenue over the quarters suggests that the bank has been able to maintain its financial growth momentum.
Profitability
For Q3FY26, Punjab National Bank recorded a profit after tax of ₹5,576.54 crores, showing an 8.9% increase QoQ from ₹5,120.59 crores in Q2FY26, and a 15.9% increase YoY from ₹4,811.02 crores in Q3FY25. The profit before tax for Q3FY26 was ₹6,439.88 crores, which is a slight decline of 1.3% QoQ from ₹6,527.08 crores in Q2FY26, and an 8.7% decrease YoY from ₹7,055.04 crores in Q3FY25. The tax expenses decreased significantly by 25.5% QoQ and 48.1% YoY, which could have contributed to the higher net profit. The earnings per share for Q3FY26 was ₹4.83, representing an 8.3% increase QoQ and a 15.6% increase YoY, reflecting the positive trend in the bank’s profitability metrics.
Operating Metrics
The total expenses for Q3FY26 amounted to ₹30,332.34 crores, marking a 2.7% increase QoQ from ₹29,528.90 crores in Q2FY26, and a 5.9% increase YoY from ₹28,634.81 crores in Q3FY25. Provisions and contingencies for Q3FY26 were notably higher at ₹1,130.44 crores, up 80.1% QoQ from ₹627.80 crores in Q2FY26, and a significant shift from a negative value of ₹-403.42 crores in Q3FY25. The increase in provisions and contingencies could be a response to changing economic conditions or adjustments in risk management strategies. These operational metrics highlight the bank’s efforts in managing costs and provisioning, which are critical for its financial stability and risk management.