Punjab National Bank (PNB) reported its Q3 results, showing healthy profit growth and improving asset quality, though core income remained under pressure. Q3 Financial Highlights Net Profit: ₹5,100 crore vs ₹4,509 crore YoY (+13.1%) Beat estimates: ₹5,100 crore vs ₹4,833 crore (+5.5%) Net Interest Income (NII): ₹10,533 crore vs ₹11,032 crore YoY (-4.5%) Below estimates: ₹10,533 crore vs ₹10,798 crore (-2.5%) Operating Profit: ₹7,480 crore, up ~4% QoQ Provisions: ₹1,150 crore, up ~79% QoQ Asset Quality (QoQ) Gross NPA: 3.19% vs 3.45%, improved Net NPA: 0.32% vs 0.36%, improved What stood out Profit growth supported by operating performance despite weaker NII Continued improvement in asset quality Higher provisioning reflects a conservative stance Investor takeaway PNB’s Q3 results show steady profitability and improving balance sheet health. Sustained recovery in NII and control on provisions will be key for earnings momentum ahead. If you found this post helpful, do follow me for more such insights!

PNB

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