Punjab National Bank share price target

Punjab National Bank (PNB) reported a 1QFY27 PAT of INR52.5b (up 214% YoY/1% QoQ; 9% beat), fueled by lower provisioning. NII grew 2.1% YoY (up 4% QoQ) to INR108b (in line), driven by a 3bp QoQ NIM improvement to 2.5%.

Punjab National Bank (PNB) reported 4QFY26 PAT of INR52.3b (up 14% YoY/2.5% QoQ, 6% beat on MOFSLe), led by lower provisions and opex, partly offset by lower NII (5% lower vs. MOFSLe).

Punjab National Bank has confirmed a breakout from a well-defined rounding bottom pattern on the weekly timeframe, signaling a potential medium-term trend reversal. After a prolonged phase of base formation and gradual accumulation, the stock has decisively moved above the key neckline resistance zone around 133134, supported by steady volumes. This pattern typically reflects a shift from distribution to accumulation, indicating improving market sentiment and...

Punjab National Bank (PNB) reported 3QFY26 PAT of INR51b (13% YoY/4% QoQ, 7% beat on MOFSLe), aided by higher other income, partly offset by higher-than-expected provisions (floating provisions of INR9.6b).

Net interest income fell 0.5% YoY to Rs. 10,469cr, and consequently, net interest margin (NIM) shrank 30 basis points (bps) to 2.6%, owing to a drop in yield on advances to 7.9% (-40bps YoY) in Q2FY26. Pre-provision profit rose 5.5% YoY to Rs. 7,227cr in Q2FY26, fuelled by drop in...

Punjab National Bank (PNB) reported 2QFY26 PAT of INR49b (14% YoY growth, in line) amid lower-than-expected opex, partly offset by lower other income and higher-than-expected provisions.

Punjab National Bank (PNB) reported 1QFY26 PAT of INR16.7b (48% YoY decline, 60% miss) amid higher taxes. The bank opted for the new tax egime, incurring a one-time charge of INR33.24b.

PNB's standalone interest income grew 13.8% YoY to Rs. 31,989cr in Q4FY25, driven by a rise in interest earned from loans (+10.5% YoY), income from investments (+15.1% YoY), and bank funds (+45.3% YoY). Interest expenses, on the other hand, jumped 19.6% YoY to Rs. 21,232cr, due to higher deposit costs. Thus,...

PNB reported some moderation in credit growth at 15% YoY, albeit the higherthan-expected margin downtick, similar to BOB’s, at 12bps QoQ to 2.8% was upsetting.

Resilient Recovery: How Asset Quality Reforms Revived

Punjab National Bank (PNB) reported a healthy 3QFY25 PAT of INR45.1b (103% YoY growth, 24% beat), primarily driven by provisioning reversal.

Strong asset quality trends continued to drive earnings and RoA although operating performance was muted. NII at Rs. 11,032 crore (above estimates) grew by 7% y-o-y/5% q-o-q. NIMs were broadly stable, improved by 1 bps q-o-q to ~2.93%. Interest on IT refund & interest income from NPA recoveries,

PNB reported 145% y-o-y earnings growth aided by ~92% y-o-y decline in provisions and ~10% y-o-y
growth in operating profit resulting in RoA/RoE at 1.0%/ 14.7%.

Punjab National Bank (PNB) reported a 1QFY25 PAT of INR32.5b (8% beat), led by sharply lower provisions (67% YoY decline).

Sustained improvement in asset quality trends is resulting in lower credit cost. Earnings were above estimates in Q1FY25 driven by lower credit cost resulting in RoA at 0.82%.

? Earnings were marginally above estimates in Q4FY24 mainly led by lower provisions. Core credit cost stood at 0.85% annualised versus 1.3% q-o-q.