Key Highlights from the Annual Report of PNB Finance & Industries Limited for FY24:
Written by: Diksha Kalra
Published: Sep 16, 2026
Updated: Sep 16, 2026
2 min read
- Revenue and Profitability: PNB Finance & Industries Limited reported moderate-income growth in FY24. Revenue from operations reached ₹1.1 crore, marking a significant increase as there was no revenue from operations in FY23. Interest income decreased from ₹4.3 crore in FY23 to ₹3.7 crore in FY24, but dividend income grew from ₹3.9 crore to ₹4.9 crore during the same period. This growth in dividend income was a key driver of total income, which stood at ₹11.6 crore in FY24 compared to ₹11.3 crore in FY23. The profit before tax surged to ₹8.6 crore in FY24, significantly higher than the ₹3.0 crore recorded in FY23. After accounting for taxes, the profit after tax (PAT) was ₹7.2 crore, up from ₹1.8 crore in FY23
- Financial Position: PNB Finance total assets decreased slightly from ₹3,343.2 crore in FY23 to ₹3,332.5 crore in FY24. A minor decline in investments and bank balance led to decrease in total assets. On the equity side, the company maintained its capital base with an equity share capital of ₹3.2 crore and other equity at ₹2,626.1 crore. Liabilities remained stable, with only slight variations in deferred tax liabilities and provisions.
- Future Prospects: PNB Finance, as an investment company with no operational business aside from investing surplus funds, is in a stable position for the future. The company will likely continue generating income through dividends and interest from its investments in bonds, mutual funds, and equity. Stable dividend income and a low-risk investment strategy place the company in a favorable position for future growth. However, external factors like fluctuating interest rates and market volatility could impact future profitability
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