PNB Q2 Results: Net profit zooms 145% YoY to Rs 4,303 crore

State lender Punjab National Bank (PNB) on Monday reported a 145% jump in its standalone net profit for the September quarter, reaching Rs 4,303 crore compared to Rs 1,756 crore in the same period last year.

PNB's Net Interest Income (NII) rose to Rs 10,517 crore in Q2 FY25 from Rs 9,923 crore in Q2 FY24, a 5.99% rise on a YoY basis.

Global Net Interest Margin (NIM) stood at 2.99% in HY1FY25 and 2.92% in Q2 FY25.


The lender earned interest income of Rs 29,875 crore in the reported quarter, reflecting a 13% increase from Rs 26,355 crore in the corresponding quarter of the previous financial year.

The interest expended by the lender in Q2 FY25 stood at Rs 19,358 crore, an 18% increase from Rs 16,432 crore reported in Q2 FY24.

The earnings were announced during market hours, and the stock shot up 7% to hit the day's high of Rs 101.95 on NSE. At 2 pm, it was trading at Rs 101.28.

PNB's gross NPAs fell to Rs 47,582 crore in the reported quarter, down from Rs 51,263 crore in the April-June quarter of FY25 and Rs 65,563 crore in the corresponding quarter of the previous financial year. In percentage terms, NPAs stood at 4.48% compared to 4.98% in Q1 FY25 and 6.96% in Q2 FY24.

Meanwhile, net NPAs stood at Rs 4,674 crore in Q2 FY25, compared to Rs 5,930 crore in Q1 FY25 and Rs 13,114 crore in Q2 FY24.

As a percentage, net NPAs were reported at 0.46% in Q2 FY25, versus 0.60% in Q1 FY25 and 1.47% in Q2 FY24.

Meanwhile, net NPAs stood at Rs 4,674 crore in Q2 FY25, compared to Rs 5,930 crore in Q1 FY25 and Rs 13,114 crore in Q2 FY24. As a percentage, net NPAs were reported at 0.46% in Q2 FY25, versus 0.60% in Q1 FY25 and 1.47% in Q2 FY24.

Return on Assets (RoA) improved to 1.02% in Q2 FY25 from 0.46% in Q2 FY24, while Return on Equity (RoE) improved to 19.91% in Q2 FY25 from 10.15% in Q2 FY24.

The operating profit increased by 10.25% YoY to 6,853 crore in Q2 FY25 against Rs 6,216 crore in Q2 FY24.