Punjab & Sind Bank has informed the Exchange regarding Board meeting held on April 29, 2025.
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Punjab & Sind Bank reported audited results for Q4 and FY ended March 31, 2025. Net profit surged 70.5% YoY to Rs. 1,015.33 crore (from Rs. 595.42 crore in FY24), with Q4 profit more than doubling to Rs. 312.73 crore. Total income grew 27.3% to Rs. 31,589 crore. Asset quality improved sharply with gross NPAs falling to 3.36% (from 5.43%) and net NPAs to 0.69% (from 1.63%). The Board recommended a dividend of Rs. 0.07 per share (0.70% on face value of Rs. 10). The bank raised Rs. 1,219.39 crore via QIP (31.78 crore shares at Rs. 38.37), diluting Government of India stake from 98.25% to 93.85%, and also raised Rs. 3,000 crore through Subordinated Bonds. Auditors issued an unmodified (clean) opinion, with an Emphasis of Matter on the ongoing amortization of Rs. 236.84 crore family pension liability.
Strong earnings growth, improving asset quality, and successful capital raise are positive for shareholders. The dividend is modest but the FY25 performance signals operational turnaround. However, operating cash flow turned negative (Rs. 2,293 crore outflow vs Rs. 1,746 crore inflow prior year), and the small dividend yield may limit near-term stock excitement despite fundamental improvement.