PNB:: Up by 6% After Posting Highest Ever Quarterly Profit
key Metrics of FY 25 Q1 resuts::
1. a rise of 159 per cent in standalone net profit at ₹3,251.5 crore – its highest-ever
quarterly profit, compared to ₹1,255.4 crore in the corresponding period last year.
2. The substantial increase in net profit is attributed to robust performance across various
financial metrics, driven mainly by a decline in bad loans and an improvement in
interest income.
3. total income in the June quarter rose to ₹32,166 crore from ₹28,579 crore in the same period a year ago.
4. interest income increased to ₹28,556 crore from ₹25,145 crore in the same quarter a year ago
5. return on assets (RoA) improved markedly to 0.82 per cent in the June quarter from 0.34 per cent
6. while the return on equity (RoE) rose to 16.82 per cent from 7.50 per cent in the
year-ago period
7. revised its FY25 guidance for the GNPA ratio to approximately 4% from 5% and credit cost to below 0.5 per cent from below one percent earlier.
8. Provisions for bad loans fell drastically to ₹792 crore in the June quarter, compared to ₹4,374 crore in the year-ago period
9. capital adequacy ratio improved to 15.79 per cent at the end of June 2024, compared to 15.54 per cent in the year-ago period.
10. provision coverage ratio, including technical write-offs (TWO), increased by 607
basis points (bps) to 95.90%, and the ratio excluding TWO improved by 1259 bps to
88.43%
11. slippage ratio improved by 43 bps to 0.76 per cent, and the credit cost decreased by 167 bps to 0.32 per cent from 1.99 per cent.
12. reported a 10.27 per cent year-on-year (YoY) increase in operating profit, which stood at ₹6,581 crore for Q1FY25, compared to ₹5,968 crore in Q1FY24.
13. global business grew by 10.03% YoY to ₹24,36,929 crore from ₹22,14,741 crore.
14. credit-deposit (CD) ratio improved to 73.05 per cent in the June quarter, up from 71.79 per cent in March 2024 and 70.64 per cent a year ago.
15. savings deposits increased to ₹4,84,377 crore, reflecting a 4.4 per cent YoY growth.
16. CASA deposits grew by 3.4 per cent to ₹5,49,079 crore, maintaining a CASA share of
40.08 per cent
17. Retail term deposits (less than ₹3 crore) grew by 9.2 per cent YoY to ₹5,85,598 crore.
18. Advances also showed robust growth. The total retail credit increased by 14.4 percent
YoY to ₹2,34,564 crore.
19. The core retail advances grew by 15.5 per cent, with housing loans up by 14.7 per
cent to ₹1,01,796 crore and vehicle loans rising by 26.9 per cent to ₹21,726 crore.20. Agriculture advances grew by 15.8 per cent to ₹1,68,503 crore
21. MSME advances increased by 7.9 per cent to ₹1,42,886 crore
Technical Analysis::
It is strongly bullish above 115, If also taken out 132 after positive Q1 results bullish momentum likely to continue to 167,202,210
1. a rise of 159 per cent in standalone net profit at ₹3,251.5 crore – its highest-ever
quarterly profit, compared to ₹1,255.4 crore in the corresponding period last year.
2. The substantial increase in net profit is attributed to robust performance across various
financial metrics, driven mainly by a decline in bad loans and an improvement in
interest income.
3. total income in the June quarter rose to ₹32,166 crore from ₹28,579 crore in the same period a year ago.
4. interest income increased to ₹28,556 crore from ₹25,145 crore in the same quarter a year ago
5. return on assets (RoA) improved markedly to 0.82 per cent in the June quarter from 0.34 per cent
6. while the return on equity (RoE) rose to 16.82 per cent from 7.50 per cent in the
year-ago period
7. revised its FY25 guidance for the GNPA ratio to approximately 4% from 5% and credit cost to below 0.5 per cent from below one percent earlier.
8. Provisions for bad loans fell drastically to ₹792 crore in the June quarter, compared to ₹4,374 crore in the year-ago period
9. capital adequacy ratio improved to 15.79 per cent at the end of June 2024, compared to 15.54 per cent in the year-ago period.
10. provision coverage ratio, including technical write-offs (TWO), increased by 607
basis points (bps) to 95.90%, and the ratio excluding TWO improved by 1259 bps to
88.43%
11. slippage ratio improved by 43 bps to 0.76 per cent, and the credit cost decreased by 167 bps to 0.32 per cent from 1.99 per cent.
12. reported a 10.27 per cent year-on-year (YoY) increase in operating profit, which stood at ₹6,581 crore for Q1FY25, compared to ₹5,968 crore in Q1FY24.
13. global business grew by 10.03% YoY to ₹24,36,929 crore from ₹22,14,741 crore.
14. credit-deposit (CD) ratio improved to 73.05 per cent in the June quarter, up from 71.79 per cent in March 2024 and 70.64 per cent a year ago.
15. savings deposits increased to ₹4,84,377 crore, reflecting a 4.4 per cent YoY growth.
16. CASA deposits grew by 3.4 per cent to ₹5,49,079 crore, maintaining a CASA share of
40.08 per cent
17. Retail term deposits (less than ₹3 crore) grew by 9.2 per cent YoY to ₹5,85,598 crore.
18. Advances also showed robust growth. The total retail credit increased by 14.4 percent
YoY to ₹2,34,564 crore.
19. The core retail advances grew by 15.5 per cent, with housing loans up by 14.7 per
cent to ₹1,01,796 crore and vehicle loans rising by 26.9 per cent to ₹21,726 crore.20. Agriculture advances grew by 15.8 per cent to ₹1,68,503 crore
21. MSME advances increased by 7.9 per cent to ₹1,42,886 crore
Technical Analysis::
It is strongly bullish above 115, If also taken out 132 after positive Q1 results bullish momentum likely to continue to 167,202,210
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