PNB's Q2 results: Net profit up 14% YoY to ₹4,904cr
What's the story
Punjab National Bank (PNB) has reported a whopping 14% increase in its net profit for the second quarter of FY26. The bank's net profit stood at ₹4,903.7 crore, compared to ₹4,303.4 crore during the same period last year. The impressive growth reflects PNB's improved financial metrics over the past year.
Financial growth
Total interest income and operating profit
PNB's total interest income for the second quarter of FY26 stood at ₹31,872 crore, a 6.7% increase from approximately ₹29,872 crore in Q2 FY25. The bank's operating profit also saw an uptick of 5.5%, reaching ₹7,227 crore for the July-September quarter.
Income stability
Net interest income for the September quarter
Despite the fluctuations in total interest income, PNB's net interest income remained largely unchanged at ₹10,469 crore for the September quarter of FY25-26. This is a slight decrease from ₹10,517 crore a year earlier. This slight decrease in net interest income suggests that the bank's core earnings from lending activities have remained relatively stable.
Asset quality
Gross NPAs for Q2 FY26
PNB has also seen an improvement in its asset quality for the second quarter of FY26. The bank's gross non-performing assets (NPAs) stood at 3.45%, down from 4.48% in Q2 of the previous fiscal year.