Mumbai: Punjab National Bank (PNB) today announced their Financial Results for the Q3 & 9MFY`25.
- Net Profit increased Y-o-Y by 102.8% to ₹ 4,508 Crore in Q3 FY`25 as against ₹ 2,223 Crore in Q3 FY`24.
- Return on Assets (RoA) improved to 1.03% in Q3 FY`25 from 0.58% in Q3 FY`24.
- Return on Equity (RoE) improved to 19.22% in Q3 FY`25 from 12.45% in Q3 FY`24.
- Net Interest Income (NII) increased to ₹ 11,032 Crore in Q3 FY`25 from ₹ 10,293 Crore in Q3 FY`24 showing an improvement of 7.2% on Y-o-Y basis.
- Global Net Interest Margin (NIM) stands at 2.97% in 9MFY`25 and 2.93% in Q3 FY`25.
- GNPA ratio improved by 215 bps on Y-o-Y basis to 4.09% as on December`24 from 6.24% as on December`23.
- NNPA ratio improved by 55 bps on Y-o-Y basis to 0.41% as of December`24 from 0.96% as on December`23.
Provision Coverage Ratio (including TWO) improved by 249 bps on Y-o-Y basis to 96.77% as on December`24 from 94.28% as on December`23. Provision Coverage Ratio (Excluding TWO) improved by 483 bps on Y-o-Y basis to 90.23% as on December`24 from 85.40% as on December`23. Credit Cost improved by 114 bps on Y-o-Y basis to 0.12% in Q3 FY`25 from 1.26% in Q3 FY`24. Global Business grew by 15.25% on Y-o-Y basis to ₹ 26,39,991 Crore as on December`24 from ₹ 22,90,742 Crore as on December`23. Global Deposits registered a growth of 15.58% on Y-o-Y basis to ₹ 15,29,699 Crore as on December`24 from ₹ 13,23,486 Crore as on December`23. Global Advances increased by 14.79% on Y-o-Y basis to ₹ 11,10,292 Crore as on December`24 from ₹ 9,67,256 Crore as on December`23. RAM Advances grew by 16.43% on Y-o-Y basis to ₹ 5,96,482 Crore as of December`24 from ₹ 5,12,327 Crore as on December`23.
In terms of Deposits, Savings Deposits increased to ₹ 4,92,138 Crore registering a Y-o-Y growth of 2.8%. Current Deposits increased to ₹ 70,018 Crore registering a Y-o-Y growth of 2.0%. CASA Deposits increased to ₹ 5,62,156 Crore recording a Y-o-Y growth of 2.7%. CASA Share of the bank stands at 38.12% as on December`24. Total Term Deposit witnessed a growth of 24.7% on Y-o-Y basis to ₹ 9,67,543 Crore as on December`24. In terms of Advances, Total Retail credit increased by 22.6% Y-o-Y to ₹ 2,62,627 Crore as on December`24. The bank grew under Core Retail Advances recording a Y-o-Y growth of 17.3%. Within Core Retail Credit: Housing Loan grew by 17.3% Y-o-Y to ₹ 1,11,230 Crore. Vehicle loan posted a growth of 26.8% Y-o-Y to reach ₹ 24,663 Crore. Agriculture Advances grew by 13.2% on Y-o-Y basis to ₹ 1,74,472 Crore. MSME Advances increased Y-o-Y by 10.7% to ₹ 1,59,383 Crore.
In terms of Asset Quality, Gross Non-Performing Assets (GNPA) declined by ₹ 14,957 Crore to ₹ 45,414 Crore as on December`24 from ₹ 60,371 Crore as on December`23. Net Non-Performing Assets (NNPA) declined by ₹ 4,379 Crore to ₹ 4,437 Crore as on December`24 from ₹ 8,816 Crore as on December`23.
In terms of Profitability, Net Profit for 9MFY`25 was at ₹ 12,063 Crore recording growth of 130.5% on YoY basis. Operating Profit for Q3FY`25 was at ₹ 6,621 Crore and ₹ 20,055 Crore for 9MFY`25 recording growth of 4.6% and 8.3%, respectively on YoY basis. Net Interest Income for 9MFY`25 was at ₹ 32,025 Crore recording growth of 7.8% on YoY basis. Total Income for Q3 FY`25 was at ₹ 34,752 Crore and ₹ 1,01,365 Crore for 9MFY`25 recording growth of 16.0% and 15.3%, respectively on YoY basis. Total Interest Income for Q3 FY`25 was at ₹ 31,340 Crore and ₹ 89,771 Crore for 9MFY`25 recording growth of 14.8% and 13.9%, respectively on YoY basis. Non-interest income for Q3 FY`25 was at ₹ 3,412 Crore and ₹ 11593 Crore for 9MFY`25 recording growth of 27.6% and 26.9%, respectively on YoY basis. Total Interest Expenses for Q3 FY`25 was at ₹ 20,308 Crore and ₹ 57,746 Crore for 9MFY`25, increased by 19.5 % and 17.7%, respectively on YoY basis. Operating Expenses for Q3 FY`25 was at ₹ 7,824 Crore and ₹ 23,564 Crore for 9MFY`25, increased by 17.9% and 15.8%, respectively on YoY basis.
CRAR remained at 15.41% as on December`24 against 14.63% as on December`23. Tier-I Capital was at 12.53% (CET-1 remained at 10.65% as on December`24 against 9.86% as on December`23 and AT-1 remained at 1.88% as on December`24 against 1.87% as on December`23) and Tier-II at 2.88% as on December`24.
Global Yield on Advances was at 8.38% in Q3FY`25 and 8.34% in 9M FY`25 as compared to 8.45% in Q3FY`24 and 8.22% in 9MFY`24. Global Cost of Deposits increased YoY by 28 bps to 5.24% in Q3FY`25 and 33 bps to 5.18% for 9MFY`25. Yield on Investment improved YoY by 11 bps to 6.87% in Q3FY`25 and 20 bps to 6.98% for 9MFY`25. Return on Assets (RoA) improved to 0.96% in 9MFY`25 from 0.46% in 9MFY`24. Return on Equity (RoE) improved to 18.87% in 9MFY`25 from 10.01% in 9MFY`24. Business per employee improved to ₹ 26.29 Crore as on December`24 from ₹ 23.08 Crore as on December`23. Business per branch improved to ₹ 250.22 Crore as on December`24 from ₹ 220.51Crore as on December`23. Net profit per employee improved to ₹ 18.48 lakh in Q3FY`25 from ₹ 9.16 lakh in Q3FY`24. Net profit per branch improved to ₹ 175.87 lakh in Q3FY`25 from ₹ 87.47 lakh in Q3FY`24.
Priority Sector Advances exceeded the National Goal of 40% and stands at 40.45% of ANBC. Agriculture advances exceeded the National Goal of 18% and stands at 18.20% of ANBC. Credit to Small & Marginal Farmers exceeded the National Goal of 10% and stands at 10.12% of ANBC. Credit to Weaker Sections surpassed the National Goal of 12% and stands at 13.56% of ANBC. Credit to Micro Enterprises surpassed the National Goal of 7.50% and stands at 8.02% of ANBC.