PNB Q3 Outcomes: Punjab Nationwide Financial institution (PNB) on Friday, January 31 posted robust outcomes for the quarter ended December 2024 (Q3FY25). It reported a standalone web revenue of ₹4,508.21 crore within the quarter ended December 2024, recording a considerable progress of 103 % from ₹2,222.8 crore, within the year-ago quarter. Sequentially, it rose round 5 % from ₹4,303 crore within the September quarter.
Internet Curiosity Earnings (NII) or core earnings of the financial institution grew by 7.2 % on a year-on-year to ₹11,033 crore, from ₹10,293 crore final 12 months.
Its whole earnings additionally jumped 16 % to ₹34,751.7 crore versus ₹29,961.65 crore in the identical interval final 12 months. On a QoQ foundation, it superior a mere 1 % from ₹34,447.10 crore in Q2FY25.
Asset high quality of the state-run lender improved in the course of the quarter ended December 2024. PNB’s Gross Non-Performing Belongings in Q3FY25 fell to ₹45,413.98 crore from ₹60,371.38 crore within the year-ago quarter and ₹47,582.25 crore within the earlier quarter. Gross NPA as a proportion of gross advances (Gross NPA Ratio) additionally declined to 4.09 % from 4.48 % QoQ and 6.24 % YoY.
Internet NPA in Q3FY25 decreased to ₹4437.43 crore from ₹4674.24 crore, QoQ, whereas Internet NPA ratio additionally fell to 0.41 % from 0.66 %, sequentially and 0.96 % (YoY).
Different Particulars
There was a provision write-back of ₹285 crore within the quarter, in comparison with a provision of ₹288 crore within the September quarter. Provisions towards NPAs stood at ₹317 crore, rising from ₹199 crore within the earlier quarter.
Advances grew by 15.6 % year-on-year and 4.9 % sequentially, reaching ₹15.29 lakh crore. Deposits stood at ₹10.69 lakh crore, marking a 16.75 % enhance from the earlier 12 months and a 5 % rise from the final quarter.
The credit-deposit ratio stood at 69.95 %, bettering from 69.24 % in the identical interval final 12 months and barely larger than 69.91 % in September.
The supply protection ratio (PCR) remained steady at 96.8 %, marginally up from 96.7 % within the earlier quarter.
Working revenue for the quarter stood at ₹6,620 crore, reflecting a 4.6 % year-on-year progress however declining 3.4 % on a sequential foundation.
Publish the earnings, the inventory rose over 5 % to its intra-day excessive of ₹101.60.
