Punjab National Bank climbs on reporting over 3- fold jump in Q1 consolidated net profit
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Punjab National Bank is currently trading at Rs. 62.20, up by 1.52 points or 2.50% from its previous closing of Rs. 60.68 on the BSE.
The scrip opened at Rs. 60.92 and has touched a high and low of Rs. 62.77 and Rs. 60.15 respectively. So far 6819914 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.15 on 20-Jul-2023 and a 52 week low of Rs. 31.30 on 29-Jul-2022.
Last one week high and low of the scrip stood at Rs. 65.15 and Rs. 60.15 respectively. The current market cap of the company is Rs. 67365.39 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 15.27% and 11.58% respectively.
Punjab National Bank has reported 4- fold jump in its net profit at Rs 1255.41 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 308.44 crore for the same quarter in the previous year. Total income of the bank increased by 34.21% at Rs 28579.27 crore for Q1FY24 as compared Rs 21294.03 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported over 3- fold jump in its net profit at Rs 1210.82 crore for the quarter ended June 30, 2023 as compared to Rs 304.45 crore for the same quarter in the previous year. Total income of the bank increased by 34.87% at Rs 29033.11 crore for Q1FY24 as compared Rs 21527.42 crore for the corresponding quarter previous year.
