State-owned Punjab Nationwide Financial institution’s share worth rose over 1% on Thursday after the lender posted a considerable rise in internet revenue for the ultimate quarter of fiscal 2025.
Standalone internet revenue of the financial institution in the course of the quarter ended March rose 52% to Rs 4,567 crore, in comparison with Rs 3,010 crore within the year-ago interval.
The online curiosity revenue—the distinction of curiosity earned and curiosity paid—for the quarter rose 4% to Rs 10,757 crore. This compares to Rs 10,363 crore reported within the corresponding quarter of the earlier fiscal.
Working revenue rose 6% to Rs 6,776 crore, compared to Rs 6,416 crore in the identical quarter final 12 months. Provisions fell 77% to Rs 360 crore compared to Rs 1,588 crore reported in the identical quarter the earlier 12 months.
Punjab Nationwide Financial institution This fall FY25 (Standalone)
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Internet curiosity revenue rose 4% year-on-year to Rs 10,757 crore from Rs 10,363 crore.
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Gross NPA fell to three.95% quarter-on-quarter from 4.09%.
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Internet NPA remained flat quarter-on-quarter at 0.40% vs 0.41%.
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Internet revenue rose 52% year-on-year to Rs 4,567 crore from Rs 3,010 crore.
PNB Share Value At this time
The scrip rose as a lot as 1.64% to Rs 95.80 apiece. It pared positive aspects to commerce 0.23% larger at Rs 94.47 apiece, as of 10:24 a.m. This compares to a 0.05% decline within the NSE Nifty 50.
It has fallen 7.97% on a year-to-date foundation, and 24.25% within the final 12 months. Complete traded quantity thus far within the day stood at 0.93 occasions its 30-day common. The relative energy index was at 52.
Out of 20 analysts monitoring the corporate, 11 preserve a ‘purchase’ score, 4 advocate a ‘maintain’ and 5 recommend ‘promote’, in keeping with Bloomberg knowledge. The common 12-month analysts’ consensus worth goal implies an upside of 21%.
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