Punjab & Sind Bank reports Q1 FY27 results, seeing Net Profit rise 23.05% and NPA levels decrease
Punjab & Sind Bank announced its reviewed Unaudited Financial Results for the Quarter ended June 30, 2026, showing significant improvements across profitability and asset quality indicators. The bank reported a rise in Net Profit on a Year-on-Year basis, alongside notable reductions in Non-Performing Assets (NPA).The bank's profitability metrics showed substantial growth. Net Profit grew by 23.05%, increasing from ₹269 Cr. to ₹331 Cr. Furthermore, Net Interest Income saw a rise of 15.33%, climbing from ₹900 Cr. to ₹1038 Cr.
Efficiency ratios also improved during the quarter. The bank's Return on Equity (ROE) increased by 118 bps, reaching 10.85% from 9.67%. Similarly, Return on Assets (ROA) improved by 6 bps, standing at 0.73% compared to 0.67%. The Cost to Income ratio was reduced by 34 bps, dropping to 60.21% from 60.55%.
In terms of asset quality management, Punjab & Sind Bank demonstrated strengthening performance. Gross Non-Performing Assets (GNPA) decreased by 113 bps, falling to 2.21% from 3.34%. Net NPA (NNPA) reduced by 26 bps to 0.65%, down from 0.91%. The Provision Coverage Ratio (PCR) improved by 56 bps, moving from 91.77% to 92.33%.
Operational and Business Highlights
The bank's operational scale saw considerable growth across the quarter. Total Business registered a growth of 15.27%, reaching ₹266420 Cr. Meanwhile, total deposits grew by 12.16%, with Retail Term Deposits increasing by 14.94%.Advances grew healthily, led by RAM Advances, which increased by 32.66% and stood at 71597 (Cr.). Retail advances demonstrated a robust growth of 36.44%. Segment-specific advancements included Agriculture advances, which grew by 25.85%, and MSME advances, which grew by 32.71%.
The bank's overall financial health remains strong, with the Capital Adequacy Ratio (CAR) recorded at 17.61%.
A detailed look at key performance indicators across both reporting periods is provided in the table below:
| Metric | Q1FY26 | Q1FY27 | Year-on-Year Change (%) |
|---|---|---|---|
| Total Business (Cr.) | 231132 | 266420 | 15.27% |
| Total Deposit (Cr.) | 131182 | 147130 | 12.16% |
| Retail Term Deposits (Cr.) | 57214 | 65764 | 14.94% |
| Total Advances (Cr.) | 99950 | 119290 | 19.35% |
| RAM Advances (Cr.) | 53970 | 71597 | 32.66% |
| RAM (%) | 54.00 | 60.02 | 602 bps |
| Operating Profit (Cr.) | 540 | 545 | 0.93% |
| Net Profit (Cr.) | 269 | 331 | 23.05% |
| Cost to Income | 60.55 | 60.21 | (34) bps |
| ROA | 0.67 | 0.73 | 6 bps |
| ROE | 9.67 | 10.85 | 118 bps |
| GNPA (₹ in Crores) | 3339 | 2637 | (21.02%) |
| GNPA (%) | 3.34 | 2.21 | (113) bps |
| NNPA (₹ in Crores) | 883 | 766 | (13.25%) |
| NNPA (%) | 0.91 | 0.65 | (26) bps |
| PCR | 91.77 % | 92.33 % | 56 bps |
PSB Stock Price Movement
On Friday, Punjab & Sind Bank shares gained 0.12% to settle at ₹24.77, closing after a moderately positive trading session. The stock saw brisk activity as 1,175,775 shares were traded during the day, with the equity ranging between a low of ₹24.55 and a high of ₹24.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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