Archive · 31 Jul 2025
PNB Q1FY26 PAT: Brokerage Maintains 'Add', Raises Target Price
Punjab National Bank (PNB) made a profit of ₹1,675 crore this past quarter.
After adjusting for certain events, their income was ₹4,900 crore.
This was better than expected due to extra income and lower expenses.
Experts predict that the bank's future earnings will be a little lower.
Despite this, experts think the stock is a good buy and increased the target price to ₹120.
Punjab National Bank (PNB) reported a Q1FY26 PAT of ₹1,675 crore.
Adjusted net income, accounting for a one-time impact, was ₹4,900 crore.
Strong non-core income and lower provisions drove the net income beat.
RoA is expected to moderate to 0.7/0.8% in FY26F/27F, from 1% in FY25F.
Brokerage maintains an 'Add' rating and increases the target price to ₹120.
- Who
- Punjab National Bank (PNB)
- What
- Punjab National Bank (PNB) posted Q1FY26 PAT of ₹1,675 crore.
- When
- In the first quarter of fiscal year 2026.
- Where
- N/A
- Why
- Strong non-core income and lower provisions drove the net income beat.
- Q1FY26 PAT
- ₹1,675 crore
- Adjusted Net Income
- ₹4,900 crore
- RoA (FY25F)
- 1%
- RoA (FY26F/27F)
- 0.7/0.8%
- Target Price
- ₹120
- CMP
- ₹105.40
- Rating
- Add
