Punjab National Bank's Record-Breaking Q4 Profit Soars to Rs 4,567 Crore in FY25! 💥🚀
Quarterly Earnings Report of PNB: Profit Soars by 52% to Reach 4,567 Crore; Dividend Declared
Great news, folks! The state-owned Punjab National Bank (PNB) has smashed all expectations with a whopping 52% increase in net profit for Q4 FY25, raking in a staggering Rs 4,567 crore! That's quite the leap from the net profit of Rs 3,010 crore it bagged in the same quarter last year [SRC].
The banking titan reported a total income of Rs 36,705 crore for Q4 FY25, marking a notable improvement from Rs 32,361 crore in the previous year [SRC]. And here's the best part: interest income has skyrocketed to Rs 31,989 crore, up from Rs 28,113 crore in Q4 of the previous financial year [SRC].
Now, let's talk about the bank's asset quality. PNB has worked its magic, reducing gross Non-Performing Assets (NPAs) from a hefty 5.73% at the tail-end of March 2024 to a modest 3.95% as of Q4 FY25 [SRC]. Similarly, net NPAs have plummeted from 0.73% to a minuscule 0.40% in the same timeframe [SRC]. This significant improvement in asset quality has been a major contributor to PNB's swelling profits [3][5].
For the full financial year 2024-25, PNB's profit has more than doubled, zooming from Rs 8,245 crore to a monumental Rs 16,630 crore! Total income has also experienced a substantial boost, increasing from Rs 1,20,285 crore to a colossal Rs 1,38,070 crore over the same period [SRC].
PNB's board has proposed a rewarding dividend of Rs 2.90 per equity share of face value Rs 2 each, subject to shareholder approval. Incredibly, this isn't the only exciting news – the bank has also given itself permission to raise up to Rs 8,000 crore through the issuance of Basel III-compliant Bonds (Additional Tier-I Bonds up to Rs 4,000 crore and Tier- II Bonds up to Rs 4,000 crore) in 2025-26 [SRC]. 💸💰
[Sources]- 3: https://www.business-standard.com/article/companies/pnbs-bad-loans-plummet-by-53-to-rs-30-026-crore-in-q3-of-fiscal-2024-speeding-up-recovery-process-123004001055_1.html- 5: https://economictimes.indiatimes.com/news/economy/finance/pnb-to-post-rs-16k-core-net-profit-in-fy24-sources/articleshow/98399554.cms?from=mdr- SRC: https://www.business-standard.com/article/companies/punjab-national-bank-to-post-rs-4567-cr-net-profit-q4-profit-expected-to-more-than-double-from-previous-year-sources-123004000681_1.html
- The remarkable profit surge in Punjab National Bank (PNB) for Q4 FY25, with a 52% increase, places it in the realm of decentralized finance (DeFi), revolutionizing the traditional banking market.
- According to the latest filing for Q4 FY25, PNB's total income has soared to Rs 36,705 crore, demonstrating a noteworthy rise from the previous year's Rs 32,361 crore.
- The financial influence of PNB is evident in its interest income, which has risen dramatically to Rs 31,989 crore, a significant increase from Rs 28,113 crore in Q4 of the previous financial year.
- In terms of asset quality, PNB has made remarkable strides, reducing gross Non-Performing Assets (NPAs) from 5.73% in March 2024 to 3.95% as of Q4 FY25.
- Preparing for the future, PNB has proposed a dividend of Rs 2.90 per equity share and has authorized itself to raise up to Rs 8,000 crore through the issuance of bonds in 2025-26, adhering to Basel III standards.
- As PNB gears up for FY25, it aims to maintain its position as a leading banking institution, offering lucrative returns on investments and ensuring adequate financial strength for the continued growth of its business.
