PNB Q1FY26 Results, July 30 -- Public sector bank Punjab National Bank (PNB), today announced its financial performance for the June ending quarter, reporting a net profit of Rs.1,675 crore, a 49% drop from Rs.3,251 crore in the same quarter last fiscal and Rs.4,567 crore in the previous quarter.

The decline was primarily due to a sharp rise in tax expenses, which jumped to Rs.5,083 crore from Rs.2,017 crore a year earlier. While total income grew 15.7% YoY to Rs.37,231 crore and operating profit rose to Rs.7,081 crore, the elevated tax outgo weighed heavily on the bottom line.

The net interest income (NII), difference between interest earned and expended, rose 1% YoY to Rs.10,578 crore from Rs.10,468 crore in the same period a year-ago...