For Q3FY25, Punjab National Bank recorded a standalone net profit of Rs. 4,508.21 crore, which was 103% more than the previous year. To Rs.34,751.7 crore, total income increased by 16%. With Gross NPA down to Rs.45,413.98 crore, asset quality improved. After the results, the stock rose by more than 5%.
PNB Q3 Results: Net Profit Surges 103% YoY to Rs.4,508 Crore, Stock Gains 5%
PNB Result 2025: On Friday, January 31, Punjab National Bank (PNB) released impressive Q3FY25 numbers for the quarter that concluded in December 2024. pnb share In the quarter that ended in December 2024, it declared a standalone net profit of Rs.4,508.21 crore, which represented a significant 103 percent increase over the Rs.2,222.8 crore in the same quarter the previous year. It increased by almost 5% sequentially from Rs.4,303 crore in the September quarter.
The bank’s core revenue, or net interest income (NII), increased by 7.2 percent year over year to Rs.11,033 crore from Rs.10,293 crore the previous year.
Additionally, its overall revenue increased by 16 percent to Rs.34,751.7 crore from Rs.29,961.65 crore at the same time previous year. It only increased by 1% on a QoQ basis from Rs.34,447.10 crore in Q2FY25.
The state-run lender’s asset quality improved in the quarter that concluded in December 2024. In the third quarter of FY25, PNB’s gross non-performing assets dropped to Rs.45,413.98 crore from Rs.60,371.38 crore in the previous quarter and Rs.47,582.25 crore in the year prior. The Gross NPA Ratio, which measures gross non-performing assets as a proportion of gross advances, also decreased, falling from 4.48 percent QoQ and 6.24 percent YoY to 4.09 percent.
In Q3FY25, net non-performing assets (NPA) dropped from Rs.4674.24 crore to Rs.4437.43 crore, QoQ. The net non-performing asset ratio also dropped from 0.66 percent to 0.41 percent and from 0.96 percent to 0.96 percent year over year.
Additional Information
The quarter’s provision write-back was Rs.285 crore, whereas the September quarter’s provision was Rs.288 crore. Provisions against non-performing assets (NPAs) increased from Rs.199 crore to Rs.317 crore in the last quarter.
Advances were Rs.15.29 lakh crore, up 15.6 percent year over year and 4.9 percent sequentially. With deposits of Rs.10.69 lakh crore, they were up 5% from the previous quarter and 16.75 percent from the year before.
At 69.95 percent, the credit-deposit ratio was somewhat higher than 69.91 percent in September and better than 69.24 percent during the same time previous year.
The provision coverage ratio (PCR), which was slightly higher than 96.7 percent in the prior quarter, was steady at 96.8 percent.
With a 4.6 percent year-over-year gain and a 3.4 percent sequential decline, the operating profit for the quarter was Rs.6,620 crore.
The pnb stock increased more than 5% after the earnings, reaching an intra-day high of Rs.101.60.
