Q1 2025 Punjab National Bank Earnings Call Transcript
Key Points
- Punjab National Bank (BOM:532461) achieved a total business of INR24.39 trillion, marking a 10% growth rate.
- The bank's net profit surged by 159% year-over-year, reaching INR3,252 crores.
- Gross NPAs reduced significantly from 7.73% to 4.98% year-over-year.
- Net interest income increased by 10.2%, reaching INR10,476 crores.
- The bank's Provision Coverage Ratio (PCR) improved to 95.90% from 89.83% a year ago.
- The cost-to-income ratio remains high at 53.28%, though it has improved from the previous quarter.
- Despite strong credit growth, the bank is maintaining a conservative guidance of 11-12% for the year.
- The bank's SMA 0, 1, and 2 loans total INR1,01,883 crores, indicating potential future risks.
- The bank incurred a one-off expense of INR558 crores for the purchase of PSLC, impacting operating expenses.
- The CET-I ratio does not include quarterly profits, which could affect the perceived capital adequacy.
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Ladies and gentlemen, good day. On behalf of Elara Securities, I would like to welcome you all to the Q1 FY '25 earnings conference call of Punjab National Bank.
We have with us the senior management team of Punjab National Bank, represented by MD and CEO, Mr. Atul Kumar Goel; Executive Director, Mr. Kalyan Kumar; Executive Director, Mr. Binod Kumar; Executive Director, Mr. M. Paramasivam; and Executive Director, Mr. Bibhu Prasad.
(Operator Instructions)
Please note that this conference is being recorded. With this introduction, I would now like to hand the conference over to the management of Punjab National Bank.
Thank you very much, Prakhar. Good afternoon to everybody. I welcome all the person from the analyst team, other team also welcome to the -- this conference call of the Punjab National Bank for first quarter results June
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