PNB's Q4 profit soars 52%. But the stock stays flat

Punjab National Bank is pulling in profit, but not pulling up its stock. The bank reported a solid 52 per cent jump in net profit for the Q4 FY25 quarter, clocking Rs 4,567 crore. Asset quality improved, bad loans fell, and provisions dropped sharply. Yet, PNB shares barely budged, closing at Rs 94 on May 7 on the BSE. Despite doubling its profit for the full year and announcing a Rs 2.90 per share dividend, the stock continues to trade well below its 52-week high of Rs 138.50. So what's holding it back? What went right this quarter Total income rose 13 per cent YoY to Rs 36,705 crore Net interest income (NII) grew 3.8 per cent to Rs 10,757 crore Non-interest income was up 11 per cent at Rs 4,716 crore Gross NPAs dropped to 3.95 per cent (from 5.73 per cent a year ago) Net NPAs fell to 0.40 per cent (from 0.73 per cent) Provisions halved to Rs 588 crore Final dividend of Rs 2.90 declared PNB's cleanup act on bad loans is clearly paying off. A stronger balance sheet, lower pro