PNB (Punjab National Bank)'s Q1 FY 2025-26 Quarterly Results

Result Summary

• PNB (Punjab National Bank) reported a 15.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 16.0%.
• Its expenses for the quarter were up by 15.9% QoQ and 17.5% YoY.
• The net profit decreased 35.6% QoQ and decreased 45.7% YoY.
• The earnings per share (EPS) of PNB (Punjab National Bank) stood at 1.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

---

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 leading public sector banks, providing a wide range of financial services to customers across various segments. As a major player in the banking industry, PNB offers services including retail banking, corporate banking, international banking, and treasury operations. With a rich history dating back to its founding in 1894, the bank has established a significant presence in both domestic and international markets. While specific recent developments are not provided, PNB, like other banks, likely engages in ongoing digital transformation initiatives and customer service enhancements to adapt to the dynamic financial landscape.

Revenue

For the first quarter of the fiscal year 2026 (Q1FY26), Punjab National Bank reported a total income of ₹37,998.84 crores. This represents a substantial quarter-over-quarter (QoQ) increase of 15.2% from the previous quarter (Q4FY25), where the total income was ₹32,976.47 crores. On a year-over-year (YoY) basis, the total income increased by 16.0% compared to Q1FY25, which recorded a total income of ₹32,759.89 crores. This growth in total income highlights the bank's ability to generate revenue amidst varying market conditions over the period reviewed.

Profitability

In Q1FY26, Punjab National Bank's profitability displayed several noteworthy changes. The profit before tax (PBT) for the quarter stood at ₹6,973.42 crores, marking a significant QoQ increase of 41.2% from ₹4,939.87 crores in Q4FY25. When compared to Q1FY25, the PBT increased by 21.3%, up from ₹5,751.07 crores. The bank's tax expenses surged to ₹5,141.20 crores in Q1FY26, representing a dramatic QoQ increase of 179.6% and a YoY increase of 152.7%. As a result, the profit after tax (PAT) for Q1FY26 was ₹2,167.10 crores, showing a decline of 35.6% QoQ from Q4FY25 and a YoY decline of 45.7% from Q1FY25. The earnings per share (EPS) also decreased, reflecting a QoQ drop of 40.0% and a YoY decrease of 50.0%.

Operating Metrics

Total expenses for Punjab National Bank in Q1FY26 were reported at ₹30,680.31 crores, showing an increase of 15.9% QoQ from ₹26,476.86 crores in Q4FY25. Year-over-year, total expenses rose by 17.5% from ₹26,106.26 crores in Q1FY25. Provisions and contingencies significantly decreased in Q1FY26 to ₹345.11 crores, marking a reduction of 77.9% QoQ and 61.8% YoY. This decline in provisions and contingencies suggests a change in the bank's approach to risk management and financial provisions during this period. These operating metrics highlight key areas of financial performance that are critical to understanding the bank's current operational status.