Pnb Shares: Psu Bank Stock A Buy Post Q4 Results? Here Are Target Prices

Punjab National Bank (PNB) reported an inline Q4 profit connected higher different income, but its nett liking income missed (NII) expert estimates. Provisions came successful higher than projections, but nan business maturation guidance was steady. Stock Analysts are neutral to affirmative connected nan banal station nan PSU lender's March 4th earnings.

PNB said its profit for nan March 4th grew 51.7 per cent YoY to Rs 4,567 crore from Rs 3,010 crore. NII roseate to Rs 10,757 crore from Rs 10,363 crore YoY. Net Interest Margin (NIM) came successful astatine 2.81 per cent against 2.93 per cent successful Q3 and 3.10 per cent successful nan year-ago 4th .

Nirmal Bang said PNB's Q4 profit was supported by robust maturation successful different income, advances and deposits. NIMs declined, owing to a autumn successful output connected advances by 2 bps to 8.36 per cent successful Q4 from 8.38 per cent successful Q3. Also location was 13 ground points emergence successful costs of costs sequentially to 4.76 per cent from 4.63 per cent successful Q3. 

That said advances and deposits grew by 13.6 per cent YoY and 14.4 per cent YoY, respectively, amended than manufacture maturation of 11 per cent YoY and 10.3 per cent YoY respectively, Nirmal Bang said. Asset value continued to improve. 

MOFSL said PNB reported a mean quarter, characterised by NII miss owed to NIM diminution and higher provisions, while different income was healthy. 

"NII declined arsenic NIMs contracted owed to costs pressures. Business maturation was mean successful 4Q; however, nan slope outperformed its business maturation guidance for FY25. 4Q saw a spike successful slippages amid an summation successful agri and MSME slippages, while plus value ratios improved, led by amended recoveries and write-off. We mostly support our EPS estimates," MOFSL said. 

This brokerage reiterated its 'Buy' standing connected nan banal pinch a target of Rs 125. Nirmal Bang suggested a target of Rs 102 from Rs 101 earlier. Its target aggregate is astatine a 20.5 per cent premium to nan past 5-year mean aggregate of 0.66x. 

CLSA suggested 'Accumulate' connected nan PSU slope arsenic it raised its target value to Rs 120 from Rs 80 earlier.

Published on: May 8, 2025 8:37 AM IST