Punjab National Bank announced its quarterly results on August 21, 2020. Total Income grew by 60.2% yoy to Rs24,292.8cr in Q1FY21 from Rs15,161.74cr in Q1FY20. Net interest income (NII) stood at Rs6,748.43cr which witnessed a growth of 63% yoy, as against Rs4,141.36cr it reported in Q1FY20. Operating profit for Q1FY21 stood at Rs5,280.05cr which increased by 51.7% yoy as against Rs3,481.42cr in Q1FY20.
Provisions and Contingencies increased by 131.6% yoy to Rs4,685.89cr in Q1FY21, as against Rs2,023.31cr in Q1FY20.
Profit after tax (PAT) stood at Rs308.45cr for the quarter ending June 2020. It declined by 69.7% yoy, as compared to Rs1,018.6cr it had reported in Q1FY20.
Gross NPA in Q1FY21 stood at Rs1,01,849.34cr registering a growth of 38.6% qoq. Net NPA in Q1FY21 came in at Rs35,303.02cr witnessing a growth of 29.7% qoq. Gross NPA (%) stood at 14.1% in Q1FY21, which declined by 9bps qoq as against 14.2% in previous quarter. Net NPA (%) stood at 5.4% in Q1FY21 a decline of 39bps qoq, compared to 5.78% in previous quarter.
Capital adequacy ratio (%) stood at 12.63% in Q1FY21 that declined by 1.51% qoq, as against 14.14% in previous quarter.
On Friday, the stock closed at Rs35.65 with gains of 1.42% on BSE.
|
Particulars |
Q1FY21 (Rs in cr) |
Q1FY20 (Rs in cr) |
%Change |
|
Net interest income |
6,748.43 |
4,141.36 |
63 |
|
Operating profit |
5,280.05 |
3,481.42 |
51.7 |
|
Provisions and contingencies |
4,685.89 |
2,023.31 |
131.6 |
|
Net Profit |
308.45 |
1,018.63 |
-69.7 |
|
Particulars |
Q1FY21 |
Q4FY20 |
Change |
|
Gross NPA(%) |
14.11 |
14.20 |
-0.09 |
|
Net NPA (%) |
5.39 |
5.78 |
-0.39 |
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