Punjab National Bank stock gains as Q2 profit rises

Punjab National Bank reported a 12.8 percent year-over-year increase in standalone net profit for the September quarter of fiscal 2027, according to Business Today. The bank posted standalone net profit of INR 5,532.23 crore for the quarter ended September 30, 2026, compared with INR 4,903.73 crore a year earlier.

Income and credit quality improve

Standalone total income rose 5.4 percent year over year to INR 38,185.41 crore from INR 36,213.62 crore. Interest earned increased to INR 34,584.32 crore from INR 31,871.53 crore, while other income declined to INR 3,600.59 crore from INR 4,342.09 crore.

Operating profit before provisions and contingencies reached INR 7,531.94 crore, compared with INR 7,227.06 crore in the prior-year quarter. Provisions and contingencies fell to INR 97.27 crore from INR 643.08 crore, while profit before tax rose to INR 7,434.67 crore from INR 6,583.98 crore.

Bad-loan ratios move lower

Punjab National Bank's gross non-performing asset ratio stood at 2.55 percent on September 30, 2026, down from 3.45 percent a year earlier. The net non-performing asset ratio declined to 0.25 percent from 0.36 percent.

For the first half of fiscal 2027, standalone net profit reached INR 10,785.52 crore, compared with INR 6,578.73 crore in the corresponding period. Total income for the six months ended September 30 rose to INR 75,416.14 crore from INR 73,445.38 crore.

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