Punjab & Sind Bank announced its Q3 FY25 financial results, which highlighted robust growth in profitability and significant improvement in asset quality. Here are the key takeaways:
Financial Highlights:
- Net Profit: ₹282 crore, up 146.7% YoY from ₹114.3 crore in Q3 FY24, showcasing strong operational efficiency.
- Net Interest Income (NII): ₹938.7 crore, a 27% YoY growth from ₹739.2 crore in the same period last year, driven by higher interest income and controlled costs.
Asset Quality Improvements:
- Gross NPA: Improved to 3.83%, down from 4.21% in the previous quarter (QoQ), reflecting better recoveries and reduced slippages.
- Net NPA: Declined to 1.25%, compared to 1.46% (QoQ), indicating effective loan management.
Market Reaction:
The stock rose nearly 7% to trade at ₹49.35, driven by the strong financial performance and improved asset quality.
Punjab & Sind Bank’s robust Q3 FY25 performance underscores its focus on strengthening its financial metrics and operational efficiency.
TOPICS:
Punjab & Sind Bank.