Punjab National Bank (PNB) will release its Q1FY25 results today. Market experts expect healthy performance despite some pressure on net interest margins (NIMs) across the banking sector.
PNB Q1FY25 Results Preview
Avinash Gorakshkar, Profitmart Securities:
PNB has shown strong business growth despite industry-wide NIM pressure. The bank’s net profit is expected to grow both quarter-on-quarter (QoQ) and year-on-year (YoY), driven by increased deposits.
Manish Chowdhury, StoxBox:
- PNB’s deposits grew by 2.7% QoQ and 8.1% YoY.
- Advances grew by 5% QoQ and 12.1% YoY.
- NIM compression may affect the bank, but its large RAM portfolio provides some protection.
- Strong deposit growth supports the bank’s advances growth.
- Higher fee income in Q1FY25 from processing fees and improved recoveries should keep credit costs below 1%, contributing to a healthy profit report.
PNB Share Price Outlook
Ganesh Dongre, Anand Rathi:
- Existing shareholders should set a stop loss at ₹96.
- New investors could consider buying PNB shares in the ₹103 to ₹107 range.
- Immediate resistance levels are between ₹120 and ₹125.
- It’s wise to wait for a clear sign of stock recovery before making large investments.
PNB is expected to show strong performance in Q1FY25, driven by solid deposit and loan growth despite industry-wide NIM compression.
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