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Punjab National Bank Q1FY24; 403% rise in Profits

Punjab National Bank is India’s first Swadeshi Bank. PNB is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. It is the Third largest PSU after IOB in India.

Financial Results:

Punjab National Bank reported Revenues for Q1FY24 of ₹25,673.00 Crores up from ₹19,144.00 Crore year on year, a rise of 34.1%.

Total Expenses for Q1FY24 of ₹27,054.00 Crores up from ₹20,966.00 Crores year on year, a rise of 29.04%.

Consolidated Net Profit of ₹1,363.00 Crores up 402.95% from ₹271.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.22, up 369.23% from ₹0.26 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
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