Punjab National Bank Q1 results: Net profit jumps 213% to ₹5,253 crore, interest income rises 3% YoY

Punjab National Bank posted a 213% rise in its standalone net profits at ₹5,253 Crore in the first quarter of FY27, compared with ₹1,675 crore in the same period a year earlier, according to the NSE filings.

PNB shares closed 0.5% higher at ₹105.77 after Friday’s trading session, compared to ₹105.22 at the previous stock market close, as per the exchange data. The PSU Bank stock will be in focus of investors on Monday, July 20.

Why did PNB’s net profit rise 213%?

According to the NSE filings, PNB posted a 213% YoY increase in net profit because the company, in the corresponding period of the previous financial year, incurred a ₹5,083.25 crore tax expense, which reduced the overall financial performance of the lender in Q1 FY26.

In comparison, Punjab National Bank’s tax expense for the June quarter of FY27 was at ₹1.724.72 crore.

The filings also showed that PNB’s net interest income (NII) advanced by 3% to ₹32,897 crore in the June quarter of the current fiscal year, compared YoY with ₹31,963 crore in the same quarter of the previous financial year.

The PSU bank also recorded a fall in overall expenses in the April to June quarter, which further aided the company’s surge in net profits. The data showed that the total expenses declined 1.45% to ₹29,711 crore, from ₹30,150 crore a year ago.

Although the bank increased its provisions for bad loans in the June quarter, the gross non-performing assets (NPAs) declined on a YoY basis in the period under review. A bank increases its provisions in case they expect a potential upcoming rise in unpaid loans.

Data showed that the PNB’s provision for bad loans was increased by 100% to ₹792 crore, from ₹396 crore in the same period a year earlier. While the gross NPAs declined 100 basis points YoY to 2.78% in the first quarter, from 3.78% in the same period a year ago.

“Global Net Interest Margin improved to 2.50% in Q1 FY27 from 2.47% in Q4 FY26,” the bank said in its official statement.

On the CASA (current account savings account) deposits front, the data showed that it increased to ₹6,13,116 crore, recording a YoY growth of 7.8% as of the quarter ended June 2026.

PNB share performance

Punjab National Bank shares have delivered more than 159% returns on their investment in the last five years, and over 70% gains to investors in the last three years, according to NSE data. However, the company shares have declined 7% in the last one year.

On a year-to-date basis, the PSU bank stock has lost 14%, and was down 3.6% in the last one month. PNB shares were trading 0.5% higher over the last five market sessions on the stock exchange.

The PSU banking company’s market capitalisation (m-cap) was at over ₹1.21 lakh crore as of the stock market close on Friday, July 17, 2026.