PNB Q4 results: Public sector lender Punjab National Bank (PNB) on Tuesday, 5 May, reported a 14.41% year-on-year (YoY) rise in standalone profit to ₹5,225.11 crore for the March quarter of the financial year 2026 (Q4FY26). In the same quarter last year, the PSU bank’s profit was ₹4,567 crore.
PNB’s total income during the March quarter stood at ₹36,318.70 crore, down 1% from ₹36,705.35 crore in the same quarter last year.
Operating profit rose by 10.7% YoY to ₹7,500 crore in Q4FY26 against ₹6,776 crore in Q4FY25.
PNB’s net interest income (NII) during the March quarter of FY26 declined 3.5% YoY to ₹10,380 crore from ₹10,757 crore in Q4FY25.
Domestic net interest margin (NIM) in Q4FY26 was 2.61% compared to 2.96% YoY, while global NIM stood at 2.47% in Q4FY26 compared to 2.81% YoY.
Return on assets (RoA) improved by 4 bps to 1.06% in the March quarter from 1.02% YoY, while earnings per share rose to ₹4.55 in Q4FY26 from ₹3.97 YoY.
PNB’s asset quality improved YoY. The bank said its gross non-performing assets (GNPA) declined by ₹6,958 crore to ₹37,124 crore as on 31st March 2026 from ₹44,082 crore as on 31 March 2025. On the other hand, net non-performing assets (NNPA) declined by ₹681 crore to ₹3,610 crore by the end of FY26 from ₹4,291 crore as YoY.
On the front of advances, total retail credit increased by 8.3% YoY to ₹2,80,779 crore by the end of FY26. Agriculture advances grew by 10.7% YoY to ₹1,99,919 crore, while MSME advances increased by 19.9% YoY to ₹1,95,027 crore.
PNB guidance for FY27
PNB expects its NII to see a healthy 7% YoY rise in FY27. It had guided NII growth at 7% in FY26 too, but it de-grew by 1.9% YoY during the year.
NIM, as per the bank’s guidance, may stay in the range of 2.60%-2.70% in FY27. In FY26, the bank’s NIM stood at 2.57% against the guidance of 2.8% – 2.9%.
The bank expects its operating profit to rise by 9%-10% YoY in FY27. Operating profit grew by 9.2% YoY in FY26, better than the guidance of 8%-9% for the year.
The bank’s gross NPA in FY26 was 2.95%, which is expected to stay below 2.50% in FY27. Net NPA may stay below 0.3% in FY27, as in FY26 it was 0.29% against the guidance of 0.35%.
was 0.87% down at ₹107.85 around 2:15 pm on the BSE on Tuesday.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.