Punjab & Sind Bank Q3 Results: NII up 27% YoY, net profit surges 146.7% YoY, gross NPA improves to 3.83% QoQ

Punjab & Sind Bank announced its Q3 FY25 financial results, showcasing robust growth in profitability and a significant improvement in asset quality. Here are the key highlights:

Key Financial Metrics

Advertisement

  1. Net Profit:
    • The bank reported a net profit of ₹282 crore, up 146.7% YoY compared to ₹114.3 crore in Q3 FY24, reflecting robust operational efficiency.
  2. Net Interest Income (NII):
    • NII increased by 27% YoY, reaching ₹938.7 crore, compared to ₹739.2 crore in the same quarter last year, driven by higher interest income and controlled costs.
  3. Asset Quality:
    • Gross NPA: Improved to 3.83% from 4.21% in the previous quarter (QoQ), highlighting better recoveries and reduced slippages.
    • Net NPA: Declined to 1.25% from 1.46% (QoQ), reflecting effective management of the bank’s loan book.

Punjab & Sind Bank’s strong Q3 FY25 performance underscores its focus on improving operational metrics and strengthening its financial position. The sharp growth in net profit and the decline in NPAs signal the bank’s prudent risk management strategies and operational efficiency.

Punjab & Sind Bank has delivered an impressive Q3 FY25 performance, marked by a 146.7% surge in net profit, 27% growth in NII, and a noticeable improvement in asset quality. These results reinforce the bank’s growth trajectory and its efforts to enhance profitability while maintaining a healthy loan book.

Disclaimer: This article is for informational purposes only and does not constitute financial advice