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

India Infoline Research Team | May 15, 2018 16:02 IST

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

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
View

Reduce

Reco. Price

105

Last updated on

27-Feb-2018


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.


***Note: This is a NSE Chart

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.