PNB Bank Q4FY23 Results: Standalone PAT Rises to Rs 1864.34 Cr

PNB Bank Limited. Q4 results show revenue rise from 26133.53 to 28132.23 crores, a 7.65% increase in growth. EPS also rise from Rs.0.64 to Rs.1.69, up by 164.06%.

First, Let’s Begin with Quarter-on-Quarter Basis:

PNB Bank shared its Q4 results on Wednesday. They earned 28132.23 crores in revenue this quarter, but that’s more than the 26133.53 crores they made last quarter. The bank’s growth increased by 7.65 percent when comparing the two quarters.

In terms of profits, PNB Bank’s PAT (Profit After Tax) for this quarter was 1864.34 crores, up from 708.27 crores in the previous quarter. Their quarter-to-quarter growth inclined by 163.22 percent.

The Bank’s EPS (Earnings Per Share) this quarter is Rs.1.69, which is an increase of 164.06% from the Rs.0.64 EPS in the previous quarter.

In addition, Bank’s net NPA (Non-Performing Assets) decreased to 2.72% this quarter from 3.30% in the previous quarter, resulting in a 58 basis point decrease in the bank’s net NPA.

Also read: ☞ ” Route Mobile Q4FY23 Results: Consolidated PAT Rises to Rs 101.61 Cr “

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The bank made a total revenue of 28132.23 crores this year (2023), which is 31.76 percent higher than last year’s total revenue of 21350.59 crores.

This Year’s PAT (Profit After Tax) is 1864.34 crores, which is also 451.11% higher than last year’s PAT of 338.29 crores.

The EPS (Earnings Per Share) for this year is 1.69 crores, which is 445.16% more than the EPS of 0.31 crores earned last year.

The Bank’s total deposit base grew to Rs. 12,81,163.10 crores as of March 31, 2023. The CASA deposit, which is the cheapest source of funds, increased by 11.77% year-on-year.

Bank’s gross NPA (Non-Performing Assets) dropped to 8.74% this year from 11.78% in the previous year, resulting in a decrease of 304 basis points in the bank’s gross NPA.

In addition, the bank’s net NPA (Non-Performing Assets) decreased to 2.72% this year from 4.80% in the previous year, resulting in a 208 basis point decrease in the bank’s net NPA.

The CAR (capital adequacy ratio) of the bank increased to 15.50 percent this year from 15.15 percent in the previous year.

The ROA (return on assets) of the bank increased to 0.32 percent in this quarter from 0.17 percent in the previous year.

PNB Bank Share Dividend Announcement / Record Date:

The Board of Directors has declared a Final Dividend of ₹0.65 per Equity Share of Face Value of ₹2 each of the bank (32.5% of Face Value). Total Dividend for FY23 stood at ₹0.64 per Equity Share (Interim Dividend of ₹2 per Equity Share)

The record date for the dividend has not arrived yet.

PNB Bank:

Punjab National Bank, headquartered in New Delhi, is an Indian public sector bank. Established in May 1894, it stands as the third largest public sector bank in India based on its business volumes, and the second largest in terms of its extensive network. With a customer base exceeding 180 million, the bank operates through 12,248 branches and over 13,000 ATMs.

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