PNB's profit increased, but its stock fell.
New Delhi. Public sector Punjab National Bank (PNB)'s net profit in the third quarter of the current financial year increased by 13 percent year-on-year to Rs 5,100 crore. The company's net profit in the third quarter (October-December) of the last financial year 2024-25 was Rs 4,508 crore. PNB informed the stock market on Monday that the total income in the quarter under review has increased to Rs 37,253 crore on an annual basis, which was Rs 34,752 crore in the same quarter of the last financial year.
How much was the interest income?
Interest income also increased from Rs 31,340 crore to Rs 32,231 crore. On the asset quality front, the bank's gross NPA ratio declined to 3.19 percent from 4.09 percent year-on-year. Similarly, net NPA (or bad loans) declined to 0.32 percent as against 0.41 percent. Capital Adequacy Ratio increased to 16.77 percent in the third quarter of FY 2025-26 as compared to 15.41 percent on an annual basis.
Today PNB shares fell significantly. The bank's shares were in the green till around quarter to 2 pm. But then suddenly it started declining and it fell to the lowest level of Rs 125.30. Finally, the bank's shares fell by Rs 3.90 or 2.95 percent and closed at Rs 128.45 on BSE. Also read - ICICI Bank shares will cross ₹ 1700! Anand Rathi gave buying advice; Expressed confidence due to these reasons
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