Arthneeti

Punjab National Bank Q2 FY27 Share Price & Earnings Call Analysis

₹120.97-1.70% today
Market cap
₹1.39L Cr
P/E
6.08
ROE
12.99%
PEG
0.08
Price to sales
1.03
Debt to equity
11.99
52W high / low
₹132 / ₹99.5
Sales growth (5Y)
9.80%
EBITDA margin
75.53%
Net profit margin
14.12%
Promoter holding
70.08%
Sales (last year)
₹1.35L Cr

Punjab National Bank is India's first Swadeshi Bank. PNB is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. It is the Second largest PSU after SBI.[1]

Guidance scorecard · Q2 FY27 call

What Punjab National Bank's management guided
and where it ranks in Banks

#17of 28 in
Banks
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • Robust credit growth expected: Core advances grew 17.4% YoY, indicating strong credit demand and momentum.
  • Strong sanction pipeline: INR 1.58 lakh crores pipeline for future credit growth ensures visibility.
  • Diverse segment focus: Emphasis on retail (+16.3%), MSME (+19.8%), and agriculture (+18.1%) segments signaling broad-based traction.
  • Branch expansion: Target to open 250 branches in FY26-27, with focus on Southern and Western regions, improving market reach.
  • Digital transformation: Investments in technology and digital platforms aim to enhance customer experience and operational efficiency.

2 more points from Punjab National Bank's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Punjab National Bank said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Punjab National Bank (PNB) is focusing heavily on technology investments, including artificial intelligence (AI), Generative AI (GenAI), and quantum computing.
  • The bank has declared a Center of Excellence for AI, GenAI, and quantum technologies to serve not only PNB but the entire financial community.
  • PNB created a Quantum Financial Innovation Lab in Amaravati in partnership with the Andhra Pradesh government to work on three use cases benefiting the entire financial sector.
  • Over 150 skilled software technology professionals are part of the in-house tech team, enabling fast delivery within 48 hours.
  • Strategic investments also include expansion of digital platforms for credit cards, supply chain finance, cash management, wealth management services, and revamped trade finance modules, aiming to enhance customer value and diversify fee-based revenues.

2 more points from Punjab National Bank's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Punjab National Bank said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what Punjab National Bank said on the order book →

Full Q2 FY27 analysis
Full Banks ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Banks
on management's own guidance

  1. AU Small Finance Bank LtdGood growth
    2
  2. Canara BankGood growth
    1
  3. RBL BankGood growth
    3
See all potential multibaggersWhere does Punjab National Bank rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Banks companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Canara Bank20–40%Flat₹1.07L Cr5.2
2AU Small Finance Bank Ltd20–40%Flat₹65,049 Cr22.8
3RBL Bank20–40%Flat₹54,486 Cr46.2
420–40%Flat₹27,663 Cr9.3
520–40%Flat₹12,690 Cr8.0
620–40%Flat₹6,206 Cr7.4

Sign up free to see every company in the sector ranking and track Punjab National Bank.

Pro shows every company guiding 40%+ revenue growth →Full Banks ranking

Financials of Punjab National Bank

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Punjab National Bank

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue +24,30525,67326,85827,85228,68229,14530,44731,89532,52332,57232,51332,88932,798
Interest14,69016,06416,82017,44418,20618,53619,79020,73821,64021,82821,85822,16422,219
Expenses +10,81310,99010,2599,4499,8318,4738,5927,4949,1429,1978,2999,2987,518
Financing Profit-1,197-1,381-2219596462,1362,0653,6631,7421,5472,3561,4263,061
Financing Margin %-5%-5%-1%3%2%7%7%11%5%5%7%4%9%
Other Income +3,8273,3602,9992,6764,2943,6154,6643,3924,7765,4274,1715,0134,080
Depreciation0000000000000
Profit before tax2,6301,9792,7783,6344,9405,7516,7297,0556,5186,9736,5276,4407,141
Tax %34%39%36%38%37%35%34%34%29%74%26%19%27%
Net Profit +1,8761,3631,9902,4413,3633,9914,7394,8115,0112,1675,1215,5775,602
EPS in Rs1.691.221.812.213.043.614.104.184.341.844.464.834.87
Gross NPA %
Net NPA %

Financials of Punjab National Bank

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue +48,71050,80448,05848,72552,14754,91881,93576,24286,845109,065124,010130,772
Interest31,34334,33132,72233,53034,65636,99750,80546,82351,81768,53480,70488,069
Expenses +18,76027,45322,53343,34539,64525,86738,60136,02641,50239,62333,89334,312
Financing Profit-1,394-10,980-7,197-28,151-22,153-7,946-7,470-6,607-6,4739089,4138,390
Financing Margin %-3%-22%-15%-58%-42%-14%-9%-9%-7%1%8%6%
Other Income +6,1756,1009,1688,8837,3679,38812,77712,32912,52914,15817,56018,691
Depreciation3844134305815846149828969059069580
Profit before tax4,397-5,2931,540-19,849-15,3708274,3254,8265,15114,16026,01527,082
Tax %24%-31%41%-37%-35%56%38%19%35%35%29%37%
Net Profit +3,525-3,5101,239-12,111-9,5504852,6953,9083,3599,15718,55318,467
EPS in Rs18.33-18.795.58-43.88-20.790.652.453.513.048.2716.0816.00
Dividend Payout %18%-2%0%0%0%0%0%18%21%18%18%19%

Financials of Punjab National Bank

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3713934265529211,3482,0962,2022,2022,2022,2992,299
Reserves41,66941,41242,99040,96545,16462,52990,43995,380100,678108,185130,839147,674
Deposits537,758570,383629,651648,439681,874710,2541,113,7171,154,2341,290,3471,379,2251,577,0201,724,795
Borrowing36,69281,67443,33665,33046,82862,51252,29859,37270,14972,586105,807107,558
Other Liabilities +19,52218,93216,90922,24215,33314,81421,17628,11330,27336,43841,57951,005
Total Liabilities636,011712,793733,311777,528790,120851,4571,279,7251,339,3011,493,6491,598,6361,857,5442,033,331
Fixed Assets +3,6565,3086,2986,3716,2467,26211,04910,69612,08412,34813,08315,625
CWIP000000000000
Investments156,762165,126191,527204,419210,578253,782404,369388,586416,914446,421524,840523,515
Other Assets +475,594542,358535,486566,738573,295590,413864,307940,0191,064,6511,139,8671,319,6201,494,191
Total Assets636,011712,793733,311777,528790,120851,4571,279,7251,339,3011,493,6491,598,6361,857,5442,033,331

Financials of Punjab National Bank

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4,81414,16721,938-1,742-33,532-12,79330,95020,03222,592-27,93922,07525,635
Cash from Investing Activity +-872-1,352159392-629-338-787-1,204-732-1,506-1,578-609
Cash from Financing Activity +7,4515,975-9,7677,46013,96913,5915,4152,0321,2753,518-1,138-11,664
Net Cash Flow11,39318,79012,3306,109-20,19246035,57920,85923,135-25,92819,35913,362
Free Cash Flow4,26713,56121,442-2,394-33,972-13,13130,16419,49622,040-29,08320,49024,052
CFO/OP25%67%92%1%-268%-36%72%54%52%-38%30%27%

Financials of Punjab National Bank

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %8%-9%3%-29%-22%1%3%4%3%9%15%13%

Guidance history

How Punjab National Bank's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlanned——
Q1 FY27 call →10–20%Flat———
Q1 FY27 call →10–20%Flat———
Q4 FY26 call →10–20%Flat—None planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

34out of 100

Momentum score · price trend

34 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+0.1%60%
Last 6 months+13.2%71%
Last 3 months+8.9%81%

The price is 55.3% below its all-time high of ₹275.14 (5 Nov 2010). Stocks more than 20% below their peak have their score halved, so 69 became 34.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Punjab National Bank: 0.4 × 60 + 0.4 × 71 + 0.2 × 81 = 69, halved to 34 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Punjab National Bank's management said in earlier quarters

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