Punjab National Bank (PNB) on Wednesday reported a 48% decline in standalone net profit at ₹1,675 crore for the quarter ended June 30, 2025 on higher tax expenses.
The state-owned bank had posted a net profit of ₹3,252 crore in the year-ago period.
Total income in the quarter under review rose to ₹37,232 crore, from ₹32,166 crore, PNB said in a regulatory filing.
The lender's interest income also increased to ₹31,964 crore, from ₹28,556 crore in the same quarter a year ago.
During the period, operating profit of the bank rose to ₹7,081 crore, as compared to ₹6,581 crore in the same quarter a year ago.
However, tax expenses during the quarter more than doubled to ₹5,083 crore, as against ₹2,017 crore in the same period a year ago.
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.78% of gross advances at the end of the June quarter, from 4.98% a year ago.
Similarly, net NPAs, or bad loans, declined to 0.38%, as against 0.6 per cent in the year-ago period.
Provisions and contingencies fell significantly to ₹323 crore during the first quarter, as compared to ₹1,312 crore in the same period a year ago.
