PUNJAB & SIND BANK
P&L
Quarterly Standalone
vs Q2 FY25
Punjab & Sind Bank Reports 147% YoY Growth in Net Profit for Q3FY25
16 Jan 2025 · 16 Jan 2025, 04:24 am
Summary
Punjab & Sind Bank has reported a significant growth in its net profit for the third quarter of financial year 2025. The bank's net profit demonstrated an outstanding growth of 147% (YoY) in Q3FY25, reaching to ₹282 crores. The operating profit for Q3FY25 grew by 74.73% (YoY) to ₹484 crores. The bank also launched a Digital Journey for Home Loan & Car Loan Segment and signed a MoU with the Assam Riffles and Indian Navy.
Key Highlights
- 1
Net Profit grew by 147% (YoY) in Q3FY25, reaching to ₹282 crores
- 2
Operating Profit grew by 74.73% (YoY) to ₹484 crores
- 3
Net Interest Margin up by 24 bps to 2.78% (YoY)
- 4
Yield on Advances up by 23 bps to 9.14% (YoY)
- 5
Return on Assets (%) increased by 42 basis points (YoY)
- 6
Total Business grew by 10.58% (YoY) to ₹2,23,267 crores
- 7
Total advances grew by 14.73% (YoY)
- 8
Bank launched Digital Journey for Home Loan & Car Loan Segment
- 9
Bank signed a MoU with the Assam Riffles and Indian Navy
Management Comments
Not Provided
The Bank's Net Profit demonstrated an outstanding growth of 147% (YoY) in Q3FY25, reaching to $282 crores. Operating Profit for Q3FY25 grew by 74.73% (YoY) to ₹484 crores. Net Interest Margin up by 24 bps to 2.78% (YoY). Yield on Advances up by 23 bps to 9.14% (YoY). Return on Assets (%) increased by 42 basis points (YoY).
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