Punjab National Bank - Q4FY13 Result - First-Cut - Microsec

Punjab National Bank Ltd announced its Q4FY13 and FY13 result on 9th May 2013.

In Q4FY13, the bank's total income increased by 5.29% QoQ and 8% YoY to INR4952.71 crores. Whereas, Profit After Tax (PAT) declined by 13.39% QoQ and 20.59% YoY to INR1130.80 crores on account of higher provisioning by 84.35% QoQ and 43.84% YoY to INR1477.70 crores.

During the quarter, bank's loan book and total deposits expanded by 5.09% and 3.15% YoY to INR308725.21 and INR391560.06 crores respectively. On the asset quality front, bank has improved its asset quality. GNPA and NNPA improved by 34 and 21bps QoQ to 4.27% and 2.35% respectively. Moreover, Capital Adequacy Ratio (CAR) has been improved by 106bps QoQ and 9bps YoY to 12.72%, which is 3.72% higher than the regulator's stipulated norm. On the margin front, Net Interest Margin (NIM) improved by 4bps QoQ to 3.51%.

For the full year of FY13, bank's topline grew by 8.26% YoY to INR19072.43 crores. Whereas, bottom line declined by 2.80% YoY to INR4747.67 crores on account of higher provisioning.

The Board of Directors have recommended a dividend of 270% i.e. INR27 per equity share of the face value INR10 each.

Source : Equity Bulls

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