PNB Announces Quarterly Results (2QFY19); Net Profit Down 908.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PNB Announces Quarterly Results (2QFY19); Net Profit Down 908.5%
Mon, 5 Nov

PNB has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

PNB Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Operating incomeRs m122,993131,132123,263-6.0%0.2%
Other incomeRs m19,06019,59217,096-12.7%-10.3%
Total revenuesRs m142,053150,724140,359-6.9%-1.2%
InterestRs m82,84184,21383,522-0.8%0.8%
Gross Profit Rs m40,15246,91939,741-15.3%-1.0%
Other expensesRs m26,42124,56428,44215.8%7.6%
Profit before taxRs m8,383-15,635-69,184-925.3%
TaxRs m2,777-6,235-23,861-959.2%
Profit after taxRs m5,606-9,400-45,324-908.5%
Gross profit margin %32.635.832.2
Effective tax rate%33.139.934.5
Net profit margin%4.6-7.2-36.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 0.2% on a year-on-year (YoY) basis. The interest expended was up by 0.8% YoY during the same period.
  • The bank's operating profit declined by 1.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.2% in 2QFY19 as against 32.6% in 2QFY18.
  • Other income declined by 10.3% YoY during the quarter.
  • Net profit for the quarter declined by 908.5% YoY. Net profit margins during the quarter declined from 4.6% in 2QFY18 to -36.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 6.0% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 0.8% QoQ during the same period.
  • The bank's operating profit declined by 15.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 32.2% in 2QFY19 as against 35.8% in 1QFY18.
  • Net profit for the quarter declined by 382.2% QoQ, while net profit margins declined from -7.2% in 1QFY18 to -36.8% in 2QFY19.

To see how PNB has performed over the last eight quarters, please visit here.

PNB Share Price Performance

Over the last one year, PNB share price has moved up from Rs 207.3 to Rs 70.3, registering a Loss of Rs 137.1 or around 66.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 28,984.0 (down 0.1%). Over the last one year it has moved down from 29,092.1 to 28,984.0, a gain of 108 points (down 0.4%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 70.3, the price to book value (P/BV) ratio of PNB stands at 0.3 times.

Equitymaster requests your view! Post a comment on "PNB Announces Quarterly Results (2QFY19); Net Profit Down 908.5%". Click here!

  

Related Views on News

PNB Announces Quarterly Results (2QFY20); Net Profit Up 111.2% (Quarterly Result Update)

Nov 8, 2019 | Updated on Nov 8, 2019

For the quarter ended September 2019, PNB has posted a net profit of Rs 5 bn (up 111.2% YoY). Sales on the other hand came in at Rs 133 bn (up 7.8% YoY). Read on for a complete analysis of PNB's quarterly results.

PNB Announces Quarterly Results (1QFY20); Net Profit Up 208.4% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, PNB has posted a net profit of Rs 10 bn (up 208.4% YoY). Sales on the other hand came in at Rs 131 bn (down 0.2% YoY). Read on for a complete analysis of PNB's quarterly results.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

How We Made 14.64% Trading Profit in Just 2 Days

Dec 12, 2019

A high probability trade that worked to perfection for my subscribers.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

Stocks that Can Outperform No Matter what the RBI Does Today(The 5 Minute Wrapup)

Dec 5, 2019

I won't be surprised if these stocks repeat their 2002-2006 performance.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

PNB SHARE PRICE


Dec 16, 2019 01:41 PM

TRACK PNB

PNB - WELLS FARGO COMPARISON

COMPARE PNB WITH

MARKET STATS