PNB Q1FY26 Results: Public sector bank Punjab National Bank (PNB), today announced its financial performance for the June ending quarter, reporting a net profit of ₹1,675 crore, a 49% drop from ₹3,251 crore in the same quarter last fiscal and ₹4,567 crore in the previous quarter.
The decline was primarily due to a sharp rise in tax expenses, which jumped to ₹5,083 crore from ₹2,017 crore a year earlier. While total income grew 15.7% YoY to ₹37,231 crore and operating profit rose to ₹7,081 crore, the elevated tax outgo weighed heavily on the bottom line.
The net interest income (NII), difference between interest earned and expended, rose 1% YoY to ₹10,578 crore from ₹10,468 crore in the same period a year-ago.
