PNB Q3 Results: Standalone PAT Rises 13% YoY to Rs 5,100 Crore; NII Drops 4.5%
Punjab National Bank (PNB) has reported encouraging figures for its third-quarter results, showcasing a robust performance in certain areas despite a decline in net interest income. Here’s a detailed breakdown of the key financial metrics:
Profit After Tax (PAT) Growth
– Standalone PAT Increase: Up 13% year-on-year, totaling Rs 5,100 crore for the December 2025 quarter, compared to Rs 4,508 crore in the same period last year.
– Sequential Growth: An increase of 4% from Rs 4,904 crore in the September quarter.
Net Interest Income (NII) Decline
– NII: Decreased by 4.5% year-on-year to Rs 10,533 crore, down from Rs 11,032 crore a year earlier.
– Domestic Net Interest Margins (NIMs): Fell to 2.60%, a drop of 49 basis points from 3.09% during the same quarter last year.
– Interest Income: Rose 2.8% to Rs 32,231 crore, compared to Rs 31,340 crore in Q3FY25.
– Interest Expended: Increased by 7% year-on-year to Rs 21,698 crore from Rs 20,308 crore.
Loans and Deposits Performance
– Global Business Growth: Grew by 9.5% year-on-year to Rs 28,91,528 crore.
– Global Deposits: Up 8.5% year-on-year to Rs 16,60,290 crore.
– Global Advances: Increased by 11% year-on-year to Rs 12,31,238 crore.
– Savings Deposits: Registered 4.8% growth, totaling Rs 5,15,799 crore.
– Current Deposits: Rose 9.1% year-on-year to Rs 76,377 crore.
– CASA Deposits: Increased by 5.3% year-on-year to Rs 5,92,176 crore.
Core Retail Advances Surge
– Core Retail Advances: Expanded by 18.9% year-on-year.
– Housing Loans: Increased by 14.5% year-on-year to Rs 1,27,364 crore.
– Vehicle Loans: Surged by 35.7% year-on-year to Rs 33,458 crore.
– Agriculture Advances: Grew by 9.8% year-on-year to Rs 1,91,629 crore.
– MSME Loans: Increased by 18.1% year-on-year to Rs 1,88,209 crore.
Profitability Metrics Improvement
– Return on Assets (RoA): Improved to 1.06% in Q3FY26, up from 1.03% in Q3FY25.
– Operating Profit: Increased by 13% year-on-year to Rs 7,481 crore, compared to Rs 6,621 crore a year ago.
Enhanced Asset Quality
– Gross NPAs: Declined to 3.19% in Q3FY26 from 4.09% in Q3FY25.
– Net NPAs: Improved to 0.32%, down from 0.41% a year earlier.
– Provision Coverage Ratio: Increased by 22 basis points year-on-year to 96.99% as of December 2025.
In summary, PNB has demonstrated resilience in its profitability and asset quality, marking a notable increase in profit and a solid growth trajectory in its retail lending sector. While the decline in NII poses a challenge, the overall performance indicates a positive outlook for the bank.