Archive · 20 Jul 2026
PNB Shares Surge on Strong Q1 Profit
Punjab National Bank (PNB) had a really good first quarter of the financial year 2027.
Their profit went up a lot, by 214%, compared to the same time last year.
This made their stock price go up by 5.6%, which is great news for investors.
The bank made more money from interest and had fewer bad loans.
Brokerages, which are like financial experts, think the bank will keep doing well and have raised their price targets for the stock.
However, some people might be worried about the increase in provisions for bad loans.
PNB's net profit surged 214% year-on-year to ₹5,253 crore in Q1FY27.
Shares jumped 5.6% to a two-month high of ₹111.70 apiece.
Net interest income increased 4% quarter-on-quarter, and net interest margin expanded by 6 basis points.
Gross Non-Performing Assets declined by ₹7,292 crore to ₹35,381 crore.
Brokerages like Motilal Oswal and JM Financial raised their earnings estimates and target prices for PNB.
- Who
- Punjab National Bank (PNB)
- What
- Reported a 214% year-on-year increase in net profit for Q1FY27
- When
- Quarter ended June 2024
- Where
- India
- Why
- Strong performance driven by improving core operating performance and asset quality
Bullish View
Cautious View
Earnings Growth
Bullish View
Brokerages like Motilal Oswal and JM Financial highlight strong earnings growth and improved asset quality.
Cautious View
Some may argue that the surge in provisions for bad loans could indicate underlying risks.
- Net Profit
- ₹5,253 crore (Q1FY27)
- Net Interest Income (NII)
- Increased 4% quarter-on-quarter
- Net Interest Margin (NIM)
- Expanded by 6 basis points sequentially
- Gross Non-Performing Assets (GNPA)
- ₹35,381 crore (down from ₹42,673 crore)
- Net Non-Performing Assets (NNPA)
- ₹3,433 crore (down from ₹4,132 crore)
- Provisions for Bad Loans
- ₹792 crore (up from ₹396 crore)
- Brokerage Target Prices
- ₹135 (Motilal Oswal), ₹120 (JM Financial)