Wednesday, 18 May 2016

PNB Q4 net loss at Rs.5367 crore

Total income decreased from Rs.134556.50 mn for the quarter ended March 31, 2015 to Rs.132761.90 mn for the quarter ended March 31, 2016.

PNB posted a net loss of Rs.(53671.40) mn for the quarter ended March 31, 2016 compared with net profit of Rs.3065.60 mn for the quarter ended March 31, 2015. Total income decreased from Rs.134556.50 mn for the quarter ended March 31, 2015 to Rs.132761.90 mn for the quarter ended March 31, 2016.

The bank posted a net loss of Rs.(39743.90) mn for the year ended March 31, 2016 compared with net profit of Rs. 30615.80 mn for the year ended March 31, 2015. Total income increased from Rs.522060.90 mn for the year ended March 31, 2015 to Rs. 543013.70 mn for the year ended March 31, 2016.

The gross NPA came in at 12.9%.

The provisions stood at Rs.10,485 crore compared with Rs.3,775 crore qoq.

Punjab National Bank is currently trading at Rs. 74.9, up by Rs. 1.1 or 1.49% from its previous closing of Rs. 73.8 on the BSE.

The scrip opened at Rs. 72.55 and has touched a high and low of Rs. 77.2 and Rs. 72.1 respectively. So far 17504503(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 14491.35 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 180.5 on 17-Aug-2015 and a 52 week low of Rs. 69.4 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 82.3 and Rs. 73 respectively.

The promoters holding in the company stood at 62.08 % while Institutions and Non-Institutions held 31.16 % and 6.75 % respectively.


The stock is currently trading below its 200 DMA.

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