Punjab National Bank standalone net loss at Rs13,417cr in Q4FY18, vs net profit of Rs261.90cr yoy : Misses Estimates

The bank’s standalone NII stood at Rs3,063.40cr, down 16.83% yoy and 23.2% qoq.

May 15, 2018 10:05 IST India Infoline Research Team

Punjab National Bank Q4FY18

Standalone Results Q4FY18: ( cr)

Q4FY18 YoY (%)
NII 3,063.40 [16.8]
NPA (%) 18.4 585
Provisions 20,353.10 253.8
Net Loss (adjusted) 13,416.90 -
***NPA change is bps


Reco. Price


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Punjab National Bank's NII for the quarter has declined by 16.8% to Rs3,063.4cr as against Rs3,683.5cr yoy. The bank has reported a net loss of Rs13,416.9cr, which was below estimates, as against Rs261.9cr reported in the corresponding quarter last year. Its GNPA for Q4FY18 stood at 18.38% against 12.11% qoq, which has increased by 627 bps. NNPA for the quarter came at 11.24% as against 7.55% qoq, which has increased by 369 bps.

Technical View:

Punjab National Bank ended at Rs86, down by 3.4 points or 3.8% from its previous closing of Rs89.40 on the BSE. The scrip opened at Rs89 and touched a high and low of Rs91.45 and Rs83.80 respectively. A total of 3,15,54,986 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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