Punjab National Bank's Consolidated Net Profit Rises in Fiscal Q4
MT Newswires Live
May 06
Punjab National Bank's (NSE:PNB, BOM:532461) consolidated net profit rose to 55.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 49.9 billion rupees a year ago.
Earnings per share came in at 4.83 rupees from 4.34 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges. The EPS was higher than the 4.02 rupees estimated by the analysts polled by Visible Alpha.
Interest earned by the lender in fiscal Q4 also increased to 328.0 billion rupees from 325.2 billion rupees a year ago.
The bank's board recommended a dividend of 3 rupees per equity share of face value of 2 rupees each for the financial year ended March 31.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.