PNB Q2 FY27 Net Profit Surges 12.8% to ₹5,532 Crore; GNPA Improves to 2.55%
PNB reported a Q2 FY27 net profit of ₹5,532 Crore, a 12.8% YoY increase. GNPA improved to 2.55% and NNPA to 0.25%. Global Business grew 11.9% to ₹31.18 lakh Crore. Deposits and Advances increased by 9.9% and 14.7% respectively. Fee-based income grew 16.0% YoY.
The announcement of improved financial performance, particularly the significant rise in net profit and the strengthening of asset quality metrics, is material information that is likely to positively impact investor sentiment and the bank's stock valuation.
The bank reported strong year-on-year growth in net profit, improved asset quality (reduced GNPA and NNPA), and healthy growth in deposits and advances. Several key financial metrics and operational efficiencies have shown positive trends.
Punjab National Bank (PNB) announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The bank reported a significant year-on-year increase in Net Profit, which rose by 12.8% to ₹5,532 Crore in Q2 FY'27, compared to ₹4,904 Crore in Q2 FY'26.
The bank's Return on Assets (RoA) remained stable at 1.05% for Q2 FY'27, mirroring the previous year's figure. Global Net Interest Margin saw an improvement, increasing to 2.58% in Q2 FY'27 from 2.50% in Q1 FY'27. The Capital Adequacy Ratio (CRAR) improved to 17.95% as of September 2026 from 17.19% in September 2025. Tangible book value per share also saw an increase, rising to ₹111.94 in September 2026 from ₹95.92 in September 2025.
PNB's Global Business grew by 11.9% year-on-year to ₹31,18,434 Crore as of September 2026. Global Deposits grew by 9.9% to ₹17,77,240 Crore, while Global Advances increased by 14.7% to ₹13,41,194 Crore. The Credit Deposit (CD) Ratio stood at 75.5% as of September 2026.
Asset quality showed marked improvement, with the Gross Non-Performing Assets (GNPA) ratio declining by 90 basis points to 2.55% as of September 2026 from 3.45% in September 2025. The Net Non-Performing Assets (NNPA) ratio improved by 11 basis points to 0.25% from 0.36% over the same period. The Provision Coverage Ratio (including TWO) increased to 97.32% from 96.91%.
Profitability metrics also showed positive trends. Operating Profit for Q2 FY'27 was ₹7,532 Crore, a 4.2% YoY growth, and ₹15,051 Crore for HY1 FY'27, a 5.2% YoY growth. Net Interest Income for Q2 FY'27 was ₹11,601 Crore, a 10.8% YoY growth, and ₹22,400 Crore for HY1 FY'27, a 6.4% YoY growth. Fee-based income grew by 16.0% YoY to ₹1,954 Crore in Q2 FY'27.
Efficiency metrics indicate improved performance per employee and per branch. Business per employee increased to ₹30.66 Crore, and net profit per employee rose to ₹22.51 lakh in Q2 FY'27. The bank also reported growth in financial inclusion initiatives, with PMJDY accounts increasing and significant enrollments under the Jan Suraksha schemes. Digital transactions saw a substantial increase of 31% YoY, and WhatsApp Banking users grew by 72% YoY.
What to do with a filing like this
Punjab National Bank filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Punjab National Bank. Read the original for the full detail.