Summary

Punjab & Sind Bank's net profit surged 47.80% year-on-year in Q1 FY2025-26, from ₹182 Cr. to ₹269 Cr. The operating profit also grew by 70.35% year-on-year, from ₹317 Cr. to ₹540 Cr. The bank saw a 10.94% growth in total business, which stands at ₹231,132 Cr. Total deposit grew by 8.78%, with retail term deposits showing a growth of 11.43%. Total advances grew by 13.92%, with retail advances registering a growth of 29.00%, MSME advances growing by 14.53%, and vehicle, gold, and home loans growing by 40.60%, 39.56%, and 23.95% respectively. Gross NPA decreased by 138 bps from 4.72% to 3.34%, and net NPA reduced by 68 bps from 1.59% to 0.91%. Provision Coverage Ratio increased by 369 bps from 88.08% to 91.77%. Total income grew by 18.73% and stands at ₹3,379 Cr. Non-Interest Income grew by 141.75% and stands at ₹469 Cr. Net Interest income grew by 5.88% and stands at ₹900 Cr. Return on Assets (%) improved by 17 bps from 0.50% to 0.67%. CRAR (%) improved by 60 bps from 17.30% to 17.90%. Cost to Income ratio reduced by 912 bps from 69.67% to 60.55%.

Key Highlights

1. 1

   Net Profit on Year-on-Year Basis grew by 47.80% from ₹182 Cr. to ₹269 Cr.

2. 2

   Operating Profit on Year-on-Year Basis grew by 70.35% from ₹317 Cr. to ₹540 Cr.

3. 3

   Total Business registered a growth of 10.94% and stands at ₹231,132 Cr.

4. 4

   Total Deposit showed a growth of 8.78% and Retail Term Deposits showed a growth of 11.43%.

5. 5

   Total advances grew by 13.92%, whereas RAM advances registered a healthy growth of 17.18%.

6. 6

   Retail advances registered a growth of 29.00%, MSME advances registered a growth of 14.53%.

7. 7

   Vehicle Loan grew by 40.60%, Gold Loan grew by 39.56% & Home loan grew by 23.95%.

8. 8

   Gross NPA decreased by 138 bps from 4.72% to 3.34%.

9. 9

   Net NPA reduced by 68 bps from 1.59% to 0.91%.

10. 10

    Provision Coverage Ratio increased by 369 bps from 88.08% to 91.77%.

11. 11

    Total Income grew by 18.73% and stands at ₹3,379 cr.

12. 12

    Non-Interest Income grew by 141.75% and stands at ₹469 cr.

13. 13

    Net Interest income grew by 5.88% and stands at ₹900 cr.

14. 14

    Return on Assets (%) improved by 17 bps from 0.50% to 0.67%.

15. 15

    CRAR (%) improved by 60 bps from 17.30% to 17.90%.

16. 16

    Cost to Income ratio reduced by 912 bps from 69.67% to 60.55%.