*Punjab National Bank -S* | *CMP* Rs. 68 | *M Cap* Rs. 31446 Cr | *52 W H/L* 100/56
(Nirmal Bang Retail Research)
*Result is below expectations*
*Slippages figure awaited*
Net Interest Income came at Rs. 4263.8 Cr vs expectation of Rs. 4223.2 Cr, YoY Rs. 3974.1 Cr, QoQ Rs. 4141.4 Cr
Non Interest Income came at Rs. 2264.7 Cr vs expectation of Rs. 1949.7 Cr, YoY Rs. 1709.6 Cr, QoQ Rs. 2075.3 Cr
PBP came at Rs. 3562 Cr vs expectation of Rs. 3335.8 Cr, YoY Rs. 2839.5 Cr, QoQ Rs. 3481.4 Cr
Provisions came at Rs. 2928.9 Cr vs expectation of Rs. 2539.6 Cr, YoY Rs. 9757.9 Cr, QoQ Rs. 2023.3 Cr
Adj. PAT came at Rs. 507.1 Cr vs expectation of Rs. -823.3 Cr, YoY Rs. -4532.4 Cr, QoQ Rs. 1018.6 Cr
Gross NPA came at Rs. 79458.1 Cr vs QoQ Rs. 77267.3 Cr at 16.76% vs QoQ 16.49%
Net NPA came at Rs. 32658.7 Cr vs QoQ Rs. 30179.7 Cr at 7.65% vs QoQ 7.17%
Quarter EPS is Rs. 1.1
Share is trading at P/E of 20x FY20E EPS & 2.1x trailing P/Adj. BV