PNB Q4 results: Board declares dividend of ₹2.90 per share. Details here

Punjab National Bank, the state-owned lender, announced a dividend of ₹2.90 per equity share, which is 145% of the face value of ₹2 today. The announcement came alongside the March quarter results, which came in-line with the Street estimates.

The Board of Directors recommended a dividend of ₹2.90 per equity share (145% of the face value of ₹2 each) for FY 2024-25, subject to approval by the shareholders at the ensuing Annual General Meeting of the Bank," the bank said in its Q4 earnings filing.

The Board also approved a proposal to raise capital of up to ₹8,000 crore through the issuance of Basel III-compliant bonds (Additional Tier-I Bonds of up to ₹4,000 crore and Tier-II Bonds of up to ₹4,000 crore), to be raised in one or more tranches during FY 2025-26.

Posts 52% YoY jump in net profit; asset quality improved

The company today reported a 51.7% year-on-year (YoY) rise in its standalone net profit for the fourth quarter of the financial year 2024-25 (Q4 FY25). The profit came in at ₹4,567 crore in the March 2025 quarter as against ₹3,010.27 crore in the corresponding quarter last year.

On a quarter-on-quarter (QoQ) basis, the profit increased by 1.3% from ₹ ₹4,508.21 crore posted in Q3 FY25.

The net interest income (NII), difference between interest earned and expended, rose 3.8% YoY to ₹10,756.98 crore from ₹10,363.11 crore in the same period a year-ago. However, it declined 2.55% QoQ from ₹11,032.25 crore posted in the December 2024 quarter. Net interest margin (NIM) stood at 2.81% in Q4 FY25 and 2.93% for FY25.

The operating profit in Q4 FY25 stood at ₹6,776 crore and at ₹26,831 crore for FY225, recording a growth of 5.6% and 7.6%, respectively on YoY basis.

Gross non-performing assets (GNPA) declined by ₹12,261 crore to ₹44,082 crore in the March quarter from ₹56,343 crore as on March 2024. Net NPA declined by ₹2,508 crore on a YoY basis to ₹4,291 crore during the quarter under review.

The GNPA ratio improved by 178 bps on a YoY basis to 3.95% as on March 2025 from 5.73% as on March 2024. Meanwhile, the NNPA ratio improved by 33 bps on a YoY basis to 0.40% as of the March 2025 quarter from 0.73% as of the March 2024 quarter.

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