PNB Q3 Results 2024 Fiscal Period: Earnings, QIP, Net Profit, CASA, Sales Report

Punjab National Bank is a prominent public bank offering different financing services. We will get the PNB Q3 results 2024 soon in the first or second week of January 2024. Everyone is curious to know more about PNB Bank’s Q3 results. The previous year’s Q3 results were a loss to the company, with a 44% YOY fall. The quarter was a tough one for the bank. Punjab National Bank is a trusted bank. The Q2 showed a profit of Rs. 1756 crores, that increased from Rs. 411.3 crores in Quarter 1. Let us explore more.

PNB Q3 Results 2024

PNB Q3 Results 2024 Earnings, Net Profit, CASA, QIP, And Sales Report

PNB Q2 was profitable with a profit of Rs. 1756. Q2 has a 327% growth in the profit. There has been a rise of 327% YoY. The operating profit of Punjab National Bank for Q2 increased by 11.6%. Debt to Equity ratio was down to Rs. 0.76 in Q2. NPA falls by Rs. 13,114.12 Crores. The Q3 2023 showed a growth as well. However, there was a fall in the net profit of 44% YoY to Rs. 629 Crores. There is also a downfall in the company’s EPS from last year. The net NPA is 3.3%, which is a little more.

Let us have a look at the share price of PNB below. The price of the share was Rs. 95.35. It showed 3.87% growth on Wednesday. In the last month itself, there was a growth of 20.47%. The last six months show a rise of 84.61%. There is an expectation that PNB will have a further upward trend in the share price increasing its value. The PNB’s stocks gave a yearly growth of 72.11% for the current year.

The all-time high was Rs. 97.70, with an all-time low of Rs. 44.40. The shares had a P/E ratio of 17.81. However, its Dividend Yield is 0.68%. The overall assets quality also improved in Q2 with a fall in Gross NPA. The debt-to-equity ratio of PNB falls to Rs. 0.76 in Q2.

PNB Q3 results 2024 are expected to be released in the first or second week of January 2024. According to sources, the company expects to have a good return for the quarter. The quarterly results are released within 45 days of the quarter end. Everyone is eager to know more about PNB results. It influences the decisions of the investors as well. Several things make the investment decision strong. It includes a healthy and strong balance sheet with more assets. It also plays a crucial role in the company. We hope you get enough details about PNB Bank’s Q3 2024 updates.

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