PNB Q1FY25 results today: The Punjab National Bank (PNB) board of directors is gathering today to discuss and approve the unaudited standalone Q1 2024 results. The Indian stock market exchanges have been notified by the state-owned bank of the PNB results date. Experts in the stock market predict that PNB will release strong financial results for the quarter ending in April through June of 2024. According to them, PNB is anticipated to release solid deposit-related figures even if the banking segment’s NIMs are compressing.
2024 preview of PNB Q1 results
“The state-owned bank has delivered strong business update, but pressure on the NIMs in the banking industry was visible,” stated Avinash Gorakshkar, Head of Research at Profitmart Securities, who is anticipating positive Q1 results from PNB today. But because the PSU bank has seen an increase in deposits, its net profit is anticipated to rise both YoY and QoQ in the quarter ending in April through June of 2024.”
Commenting on PNB’s Q1FY25 results, Manish Chaudhary, Head of Research, StoxBox said, “PNB displayed strong operating performance in Q1FY25. Its investments grew 2.7% QoQ and 8.1% YoY. Meanwhile, its growth was up 5% QoQ and 12.1% YoY. This gives us confidence that the national bank is poised to deliver better figures in Q1FY25. The bank may experience some pressure this quarter due to NIM pressures faced by the industry. However, due to the large portion of RAM, we don’t see much pressure for the bank. Given the concerns seen by banks on rising deposits, PNB sees no challenge in raising deposits and is right to support the next phase of growth.”
Optimistic Outlook for Bank Profitability in Q1FY25
“We expect the bank’s profitability to continue to improve as fees rise in Q1FY25 as it absorbs processing costs for customers. Continued traction on returns, lower slippages and importance.” reduces the old age provision, so we bill deficits still below 1% and we ” We expect the bank to report positive numbers this quarter,” he said. said the Stokesbox expert.
What is PNB’s dividend in 2024?
What is PNB’s goal tomorrow?
Price forecast review for PNB tomorrow Opening above the average price of ₹117.00, would indicate bullish sentiment on Punjab National Bank. Any drop in price should be viewed as an opportunity to buy the stock. The maximum price PNB could reach tomorrow would be 118.67 if sentiment remains bullish.
