PNB Q2 FY27: net profit up 12.8% to ₹5532 crore, credit growth of 14.7% runs ahead of FY27 guidance
Q2 FY27 net profit up 12.8% to Rs 5532 crore, NII up 10.8%, H1 net profit up 63.9%; Gross NPA 2.55%.
By ScoutQuest · · 1 min read
- Q2 FY27 Net Profit
- up 12.8% to ₹5532 crore
- H1 FY27 Net Profit
- up 63.9% to ₹10786 crore
- Gross NPA
- 2.55%
- Period
- Q2 FY27 / September 2026
- Positioning
- Punjab National Bank presents itself as a diversified public sector lender with a ₹604357 crore externally rated standard portfolio, 93.7% of the over-₹25 crore book rated BBB and above.
📉 Q2 FY27 net profit rose 12.8% YoY to ₹5532 crore and net interest income rose 10.8% to ₹11601 crore, while other income fell 17.1% to ₹3601 crore as treasury income dropped 57.4%. Operating profit grew 4.2% to ₹7532 crore. H1 FY27 net profit rose 63.9% to ₹10786 crore, helped by income tax provision falling 46.4%.
📉 Asset quality: Gross NPA was 2.55% and Net NPA 0.25% at September 2026, with PCR including technical write-offs at 97.32%. Industry GNPA fell to 2.35% from 3.18% a year earlier.
🎯 Against its FY27 guidance, the presentation shows credit growth of 14.7% against 12%-13% guided and RoA of 1.05% against above 1%. Operating profit growth of 4.2% trailed the 9%-10% guidance, NIM of 2.58% trailed 2.60%-2.70%, and Gross NPA of 2.55% was above the under 2.50% target.
🎯 On digital, the company lists plans to revamp its internet banking platform, add Aadhaar face authentication and next-generation UI/UX to PNB One, and build new digital loan journeys. In governance, it states a 2060 net zero target across Scope 1, 2 and 3.
Also from Punjab National Bank
Q2 FY27 call: net profit INR 5,532 crores, domestic NIM 2.74%, GNPA 2.55%
23 Oct 2026
PNB MD Ashok Chandra said domestic NIM grew 10 basis points and global NIM grew 8 basis points this quarter due to liquidity management and shedding low-yielding advances
19 Oct 2026
PNB MD & CEO Ashok Chandra said margin improvement driven by liquidity and deposit cost management, with NIM expansion seen
19 Oct 2026
More numbers
- Net profit, Q2 FY275532 (Amt ₹ in Crore)
- Net profit growth YoY, Q2 FY2712.8%
- Net interest income, Q2 FY2711601 (Amt ₹ in Crore)
- Operating profit, Q2 FY277532 (Amt ₹ in Crore)
- Net profit, H1 FY2710786 (Amt ₹ in Crore)
- Total income, Q2 FY2738185 (Amt ₹ in Crore)
- Credit growth YoY, Q2 FY2714.7%
- NIM, Q2 FY272.58%
- Gross NPA, Sept'262.55%
- Net NPA, Sept'260.25%
- Total recovery, HY1 FY27Rs. 5594 Crores
- Total rated portfolio, Sept'26604357 (Amt ₹ in Crore)
- SHG credit outstanding, 30.09.2026₹15462 Cr
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