Punjab National Bank's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Punjab National Bank reported a 0.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 15.6%.
- Its expenses for the quarter were up by 1.9% QoQ and 18.6% YoY.
- The net profit increased 1.5% QoQ and increased 97.1% YoY.
- The earnings per share (EPS) of Punjab National Bank stood at 4.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 35286.43 | 35111.47 | 30527.38 | 0.5% | 15.6% |
Total Expenses | 28634.81 | 28102.67 | 24149.39 | 1.9% | 18.6% |
Provisions & contingencies | -403.42 | 280.16 | 2743.63 | -244.0% | -114.7% |
Profit Before Tax | 7055.04 | 6728.64 | 3634.36 | 4.9% | 94.1% |
Tax | 2406.44 | 2296.65 | 1381.69 | 4.8% | 74.2% |
Profit After Tax | 4811.02 | 4739.04 | 2441.23 | 1.5% | 97.1% |
Earnings Per Share | 4.20 | 4.30 | 2.20 | -2.3% | 90.9% |
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 largest public sector banks, offering a wide range of financial services including retail banking, corporate banking, and treasury operations. The bank was founded in 1894 and has a significant presence across India with numerous branches and ATMs, catering to the needs of millions of customers. PNB provides various banking products such as savings accounts, loans, credit cards, and investment solutions to individuals and businesses. The bank has been involved in several strategic initiatives to enhance its digital banking capabilities and improve customer service. However, specific recent major developments for the current quarter are not available from the data provided.
Revenue
In Q3FY25, Punjab National Bank reported a total income of ₹35,286.43 crores. The total income reflects a quarter-over-quarter (QoQ) increase of 0.5% from ₹35,111.47 crores in Q2FY25. Compared to Q3FY24, there is a year-over-year (YoY) growth of 15.6% from ₹30,527.38 crores. This growth in total income indicates consistent performance over the quarters. The bank's revenue streams are primarily driven by interest income, fee-based income, and other banking operations. The incremental growth in total income suggests a steady expansion of its customer base and possibly higher transaction volumes or better interest income management.
Profitability
Punjab National Bank's profitability metrics for Q3FY25 show a significant improvement. The bank recorded a profit before tax of ₹7,055.04 crores, which marks a 4.9% increase from ₹6,728.64 crores in the previous quarter (Q2FY25) and a substantial YoY growth of 94.1% from ₹3,634.36 crores in Q3FY24. After accounting for taxes, the profit after tax for Q3FY25 stands at ₹4,811.02 crores, up by 1.5% QoQ from ₹4,739.04 crores and by 97.1% YoY from ₹2,441.23 crores. The tax expenses for the quarter were ₹2,406.44 crores, reflecting a 4.8% QoQ increase and a 74.2% YoY rise. The bank's earnings per share (EPS) for Q3FY25 were ₹4.20, showing a slight decline of 2.3% from ₹4.30 in Q2FY25, but an increase of 90.9% from ₹2.20 in Q3FY24.
Operating Metrics
The operational performance of Punjab National Bank in Q3FY25 demonstrates a notable change in provisions and contingencies, which stood at a negative ₹403.42 crores, indicating a reversal from ₹280.16 crores in Q2FY25 and a significant decrease from ₹2,743.63 crores in Q3FY24. This change reflects a substantial reduction in provisioning requirements, contributing positively to the bank's profitability. Total expenses for Q3FY25 were ₹28,634.81 crores, marking a 1.9% increase from ₹28,102.67 crores in the previous quarter and an 18.6% increase from ₹24,149.39 crores in the same quarter last year. The increment in expenses suggests increased operational or administrative costs. The bank's ability to manage expenses alongside growing income plays a crucial role in its overall financial performance.
