Punjab National Bank (PNB) Q4 24/25 earnings summary

Executive summary

• Global gross business reached ₹26.83 lakh crore as of March 2025, up 14% year-over-year, with deposits at ₹15.66 lakh crore (+14.4%) and advances at ₹11.17 lakh crore (+13.6%).

• Net profit for FY25 was ₹16,630 crore, a 101.7% increase year-over-year; Q4 net profit was ₹4,567 crore (+51.7% YOY).

• Return on assets for FY25 was 1.02%, and return on equity was 19.33%.

• Digital transactions accounted for 94% of total, with significant growth in mobile and WhatsApp banking users; PNB One app users up 115%.

• Dividend payout increased to ₹2.90 per share (from ₹1.5 last year), subject to shareholder approval.

Financial highlights

• Net interest income for FY25 was ₹42,782 crore (+6.7% YOY); Q4 NII was ₹10,757 crore (+3.8% YOY).

• Operating profit for FY25 was ₹26,831 crore (+7.6% YOY); Q4 operating profit was ₹6,776 crore (+5.6% YOY).

• Total income for FY25 was ₹1,38,070 crore (standalone), up from ₹1,20,285 crore YOY; Q4 total income was ₹36,705 crore (+13.4% YOY).

• Gross NPA ratio improved to 3.95% (from 5.73% YOY); net NPA to 0.40% (from 0.73% YOY).

• Provision coverage ratio improved to 96.82% (from 95.39% YOY).

Outlook and guidance

• FY26 credit growth targeted at 11%-12%, deposit growth at 9%-10%.

• Operating profit expected to grow 8%-9%, NII by 7%, NIM to remain 2.8%-2.9%.

• Gross NPA projected below 3.75%, net NPA below 0.5%, credit cost below 0.5%, ROA above 1%, and slippages ratio below 1%.

• Recovery guidance for FY26 is ₹16,000 crore, with technical write-off recovery of at least ₹1,500 crore per quarter.

• Board approved capital raising of up to ₹8,000 crore through Basel III bonds in FY 2025-26.