PNB’s Net Interest Income (NII) rose to Rs 10,517 crore in Q2 FY25 from Rs 9,923 crore in Q2 FY24, a 5.99% rise on a YoY basis.
Global Net Interest Margin (NIM) stood at 2.99% in HY1FY25 and 2.92% in Q2 FY25.
The lender earned interest income of Rs 29,875 crore in the reported quarter, reflecting a 13% increase from Rs 26,355 crore in the corresponding quarter of the previous financial year.
The interest expended by the lender in Q2 FY25 stood at Rs 19,358 crore, an 18% increase from Rs 16,432 crore reported in Q2 FY24.
The earnings were announced during market hours, and the stock shot up 7% to hit the day’s high of Rs 101.95 on NSE. At 2 pm, it was trading at Rs 101.28.PNB’s gross NPAs fell to Rs 47,582 crore in the reported quarter, down from Rs 51,263 crore in the April-June quarter of FY25 and Rs 65,563 crore in the corresponding quarter of the previous financial year. In percentage terms, NPAs stood at 4.48% compared to 4.98% in Q1 FY25 and 6.96% in Q2 FY24.Meanwhile, net NPAs stood at Rs 4,674 crore in Q2 FY25, compared to Rs 5,930 crore in Q1 FY25 and Rs 13,114 crore in Q2 FY24.
As a percentage, net NPAs were reported at 0.46% in Q2 FY25, versus 0.60% in Q1 FY25 and 1.47% in Q2 FY24.
Meanwhile, net NPAs stood at Rs 4,674 crore in Q2 FY25, compared to Rs 5,930 crore in Q1 FY25 and Rs 13,114 crore in Q2 FY24. As a percentage, net NPAs were reported at 0.46% in Q2 FY25, versus 0.60% in Q1 FY25 and 1.47% in Q2 FY24.
Return on Assets (RoA) improved to 1.02% in Q2 FY25 from 0.46% in Q2 FY24, while Return on Equity (RoE) improved to 19.91% in Q2 FY25 from 10.15% in Q2 FY24.
The operating profit increased by 10.25% YoY to 6,853 crore in Q2 FY25 against Rs 6,216 crore in Q2 FY24.