- Punjab National Bank‘s net income for the third quarter is 45.1 billion rupees, exceeding estimates of 37.07 billion rupees and last year’s 22.2 billion rupees.
- Gross non-performing assets have decreased to 4.09% from 4.48% in the previous quarter, slightly better than the estimate of 4.11%.
- The bank’s recoveries amounted to 2.85 billion rupees compared to provisions of 2.88 billion rupees quarter-over-quarter.
- Provision for loan losses increased by 60% quarter-over-quarter to 3.18 billion rupees.
- Interest income rose by 15% year-over-year to 313.4 billion rupees, surpassing the 305.97 billion rupees estimate.
- Interest expense climbed by 19% year-over-year to 203.1 billion rupees, above the estimated 198.93 billion rupees.
- Operating profit increased by 4.6% year-over-year to 66.2 billion rupees, slightly below the estimate of 67.77 billion rupees.
- Other income saw a substantial growth of 28% year-over-year, amounting to 34.1 billion rupees.
- Shares of Punjab National Bank surged by 4.5% to 100.87 rupees with a trading volume of 22.4 million shares.
- The stock reached its highest intraday level since January 22, extending gains to 4.2%.
- Analyst recommendations include 8 buys, 5 holds, and 5 sells.
A look at Punjab National Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Punjab National Bank seems to be positioned for a bright future according to the Smartkarma Smart Scores. With top scores across the board in Value, Dividend, Growth, Resilience, and a strong Momentum rating, the bank appears to be excelling in various key areas essential for long-term success. The perfect scores in Value, Dividend, and Growth suggest that the company is undervalued, offers attractive dividends, and has strong growth potential.
Furthermore, the top score in Resilience indicates that Punjab National Bank is well-prepared to weather any potential challenges in the future. Although the Momentum score is slightly lower, the overall outlook for the bank looks extremely favorable based on these Smart Scores, positioning it as a solid choice for investors looking for a company with strong fundamentals and growth prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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