Punjab National Bank reports Rs.4303 crore profit for Q2, Check Financial Results

Punjab National Bank (PNB) reported a significant 145% rise in its standalone net profit for the September quarter, reaching ₹4,303 crore, compared to ₹1,756 crore in the same period last year. Click here to check Net Profit of all Banks for September 2024 Quarter.

Punjab National Bank reports Rs.4303 crore profit for Q2, Check Financial Results
Punjab National Bank reports Rs.4303 crore profit for Q2, Check Financial Results

Financial Highlights

Also Read: Net Profit of all Banks in September 2024 Quarter

Market Impact

Following the earnings release during market hours, PNB’s stock surged 7%, reaching a peak of ₹101.95 on the NSE, with a trading price of ₹101.28 at 2 PM.

Asset Quality

Return Ratios

Operating Profit

PNB’s operating profit rose by 10.25% year-on-year, reaching ₹6,853 crore in Q2 FY25, compared to ₹6,216 crore in Q2 FY24.

These results reflect PNB’s ongoing efforts to improve profitability, asset quality, and overall financial health.

Financial Year 2024-25

Exit mobile version