New Delhi, 30 July — Public sector lender Punjab National Bank (PNB) has announced its financial results for the first quarter (April–June) of the current financial year 2025–26. The bank reported a 48% decline in year-on-year net profit, which stood at ₹1,675 crore for the quarter. In comparison, PNB had posted a net profit of ₹3,252 crore during the same period of the previous financial year 2024–25.
Rise in Income, but Tax Expenses Doubled
PNB informed the stock exchanges on Wednesday that its standalone net profit dropped to ₹1,675 crore for the April–June quarter ended 30 June. During this period, the bank’s total income rose from ₹32,166 crore to ₹37,232 crore. Interest income also increased to ₹31,964 crore, up from ₹28,556 crore in the same quarter of the previous year.
Operating Profit Improves
The bank reported an operating profit of ₹7,081 crore in the first quarter, compared to ₹6,581 crore during the same period last year. However, tax expenses during this quarter doubled to ₹5,083 crore, compared to ₹2,017 crore in the corresponding quarter of the previous year. The bank also reported an improvement in asset quality.
Asset Quality Shows Improvement
According to PNB, the bank’s gross non-performing assets (NPAs) declined to 3.78% of total loans by the end of the April–June quarter, compared to 4.98% in the same quarter last year. Similarly, net NPA also dropped to 0.38% from 0.6% during the same period. The bank’s provisions and contingencies fell significantly to ₹323 crore, down from ₹1,312 crore in the corresponding quarter of the previous year.
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