New Delhi, Shares of Punjab National Bank (PNB) fell over 1 per cent on Wednesday after the bank reported a 48 percent drop in its standalone net profit for the June quarter.
The stock closed 1.10 percent lower at Rs 108.10 per share on the BSE. During the day’s trade, it fell 1.60 per cent to Rs 107.55 per share.
On the NSE, the company’s shares fell 1.07 percent to Rs 108.11 per share.
Punjab National Bank on Wednesday reported that its standalone net profit for the quarter ended June 30, 2025 fell 48 percent to Rs 1,675 crore due to increased tax expenses.
The state-owned bank had reported a net profit of Rs 3,252 crore in the same period a year ago.
PNB said in a regulatory filing that its total income rose to Rs 37,232 crore from Rs 32,166 crore in the quarter under review.
The bank’s interest income also rose to Rs 31,964 crore from Rs 28,556 crore in the same quarter a year ago.
During this period, the bank’s operating profit increased to Rs 7,081 crore from Rs 6,581 crore a year ago.
However, tax expenses during the quarter more than doubled to Rs 5,083 crore from Rs 2,017 crore in the same quarter a year ago.
