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Punjab National Bank reports over 3- fold jump in Q1 consolidated net profit

26 Jul 2023 Evaluate

Punjab National Bank has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 4- fold jump in its net profit at Rs 1255.41 crore for the quarter under review as compared to Rs 308.44 crore for the same quarter in the previous year. Total income of the bank increased by 34.21% at Rs 28579.27 crore for Q1FY24 as compared Rs 21294.03 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported over 3- fold jump in its net profit at Rs 1210.82 crore for the quarter ended June 30, 2023 as compared to Rs 304.45 crore for the same quarter in the previous year. Total income of the bank increased by 34.87% at Rs 29033.11 crore for Q1FY24 as compared Rs 21527.42 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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