New Delhi – Punjab National Bank (PNB) announced a robust financial performance for the second quarter of the fiscal year 2027, with its standalone net profit soaring by 13% year-on-year. The bank recorded a net profit of ₹5,532.23 crore for the quarter ending September 30, 2026, up from ₹4,903.73 crore in the corresponding period last year.
The positive earnings report led to an immediate uplift in the bank's stock, with PNB shares rising by nearly 2% on Thursday. The stock touched a high of ₹122.20, marking a 1.79% increase from its previous close of ₹120.05.
Detailed Q2 Financial Overview
PNB's standalone total income for Q2 FY27 also saw a healthy increase, growing 5.4% year-on-year to ₹38,185.41 crore, compared to ₹36,213.62 crore in the same quarter of FY26. A significant contributor to this growth was the interest earned, which climbed to ₹34,584.32 crore from ₹31,871.53 crore a year prior. However, other income experienced a decline, falling to ₹3,600.59 crore from ₹4,342.09 crore.
Operating Performance and Provisions
The bank's operating profit before provisions and contingencies demonstrated solid growth, reaching ₹7,531.94 crore in Q2 FY27, up from ₹7,227.06 crore in Q2 FY26. Notably, provisions and contingencies for the quarter were significantly reduced to ₹97.27 crore, a sharp drop from ₹643.08 crore in the year-ago period, indicating improved asset quality and risk management. This led to a profit before tax of ₹7,434.67 crore, compared to ₹6,583.98 crore a year earlier.
Asset Quality Improvements
Punjab National Bank continued to strengthen its asset quality. As of September 30, 2026, the standalone gross non-performing asset (GNPA) ratio improved to 2.55%, a considerable reduction from 3.45% recorded a year earlier. Similarly, the net non-performing asset (NNPA) ratio also saw a positive trend, decreasing to 0.25% from 0.36% in the corresponding period of the previous fiscal year.
Half-Yearly Performance Highlights
For the first half of FY27, PNB's standalone net profit stood at an impressive ₹10,785.52 crore, a substantial increase from ₹6,578.73 crore in the first half of FY26. The total income for the six months ending September 30, 2026, rose to ₹75,416.14 crore from ₹73,445.38 crore. Operating profit before provisions and contingencies for the first half was ₹15,051.14 crore, up from ₹14,308.41 crore in the prior year.