- Punjab National’s 4th quarter net income came out as 30.1 billion rupees, beating estimates and seeing a rise from 11.6 billion rupees year on year.
- The gross non-performing assets fell to 5.73% from 6.24% quarter on quarter, though it was slightly higher than the estimated 5.56%.
- The provisions for the quarter stood at 15.9 billion rupees, falling 42% quarter on quarter.
- Provision for loan losses significantly decreased by 34% to 19.6 billion rupees quarter on quarter.
- Interest income saw an 18% year-on-year jump to 281.1 billion rupees, slightly surpassing the estimates.
- On the other hand, interest expense registered a greater increase of 24% year on year to reach 177.5 billion rupees, a bit more than the estimates.
- Operating profit, although increased by 9.4% year on year to 64.2 billion rupees, was less than the estimated 71.48 billion rupees.
- Other income rose by 24% year on year to reach 42.5 billion rupees, faring better than the estimates.
- The company decided on a dividend per share of 1.50 rupees.
- Market influenced by mixed reviews – 5 buys, 5 holds, 9 sells.
A look at Punjab National Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
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
Based on Smartkarma Smart Scores, Punjab National Bank shows strong potential for long-term growth and resilience in the financial market. With high scores in Growth, Resilience, and Momentum, the bank is poised to expand and adapt to changing economic conditions effectively. The Value score of 4 indicates that the company is perceived as undervalued, presenting a promising investment opportunity. While the Dividend score of 3 is moderate, the overall outlook remains positive, especially with the solid scores in other key factors.
Punjab National Bank, a financial institution offering various services including corporate and personal banking, industrial finance, and international banking, has received favorable Smartkarma Smart Scores, reflecting its robust capabilities for sustained growth and stability. With a focus on providing services to a diverse range of clients from domestic conglomerates to multinational companies, the bank’s strong performance in Growth, Resilience, and Momentum highlights its potential to thrive in the competitive financial sector over the long term.
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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