Awaiting price reaction for this filing.
Punjab & Sind Bank reported strong Q4 FY25 results with net profit jumping 125% year-on-year to ₹313 crore and operating profit rising 143% to ₹816 crore. For the full financial year FY25, net profit grew nearly 71% to ₹1,016 crore while operating profit rose 83% to ₹2,075 crore. Asset quality improved sharply with gross NPAs falling to 3.38% (down 205 basis points) and net NPAs to 0.96%, supported by a higher provision coverage ratio of 91.38%. Total business crossed ₹2.29 lakh crore, driven by 16% growth in advances and 9% growth in deposits. The bank also raised ₹1,219 crore via QIP and ₹3,000 crore through infrastructure bonds during the year.
This is a strong all-round performance with record profits, improving margins, and sharply lower bad loans, which should be positive for shareholder sentiment and the stock. The successful capital raise also strengthens the bank's ability to grow its loan book further.