Transcript
Awaiting price reaction for this filing.
Punjab & Sind Bank reported a strong FY25 with business growing 11.69% to Rs.2,29,379 crore, advances up 15.87% to Rs.99,605 crore, and net profit rising 70.76% to Rs.1,016 crore. Q4 net profit jumped 125.18% to Rs.313 crore, supported by a NARCL resolution one-off. Asset quality improved sharply with Gross NPA down to 3.38% and Net NPA at 0.96%, while NIM rose 40 bps to 2.85% and cost-to-income ratio fell to 61.23%. Management met nearly all FY25 guidance and set FY26 targets including 15-16% advances growth, ROA of 0.75-0.80%, Gross NPA below 2.5%, and Net NPA below 0.75%. The bank raised Rs.1,219 crore via QIP and plans to open 150 branches, scale digital lending, and pursue co-lending partnerships.
Strong beat on FY25 numbers and clear FY26 guidance suggest continued earnings momentum, but NIM is likely to face some pressure from anticipated rate cuts. Expansion plans and improving asset quality are positive for long-term growth, though the FY25 numbers were partly boosted by one-off NARCL resolution gains.