NSE: PSB · BSE: 533295
PUNJAB & SIND BANK
A public sector commercial bank, it earns primarily from three business lines — corporate/wholesale banking, retail banking, and treasury operations. As of the YTD period ending 31 December 2024, corporate/wholesale banking generated 38.4% of segment revenue, retail banking 32.5%, and treasury 28.9%. The bank lends to retail, agriculture, and MSME borrowers (together called RAM advances, which made up about 60% of the loan book at Q1 FY27) and to corporate and NBFC clients. It also takes deposits from customers and runs a treasury book that invests in government securities and other instruments. The largest cost is interest paid on deposits, which funds the loan book. Asset quality has improved, with gross NPA falling to 2.21% (Q1 FY27) from 3.34% a year earlier. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Corporate/Wholesale Banking (38%), Retail Banking (33%), Treasury (29%), Other Banking Operations (0%). Public sector commercial bank with a shifting mix toward retail, agriculture and MSME lending
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 1,039 | 1,313 | 595 | 1,016 | 1,322 |
| EPS, as reported (₹) | 2.56 | 1.94 | 0.88 | 1.50 | 1.86 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (5,999) | 1,428 | 1,749 | (2,294) | (1,893) |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 307 | 375 | 442 | 323 | 357 | 456 | 615 | 451 |
| Net profit | 240 | 282 | 313 | 269 | 295 | 336 | 422 | 332 |
| EPS (₹) | 0.35 | 0.42 | 0.46 | 0.38 | 0.42 | 0.47 | 0.59 | 0.47 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| STATE BANK OF INDIA | 8,83,184 | 10.3 | — | — | — | — | — | — |
| UNION BANK OF INDIA | 1,39,321 | 6.8 | — | — | — | — | — | — |
| PUNJAB NATIONAL BANK | 1,38,272 | 6.3 | — | — | — | — | — | — |
| BANK OF BARODA | 1,20,028 | 6.6 | — | — | — | — | — | — |
| INDIAN BANK | 1,12,592 | 8.8 | — | — | — | — | — | — |
| CANARA BANK | 1,06,898 | 5.4 | — | — | — | — | — | — |
| BANK OF MAHARASHTRA | 61,456 | 8.2 | — | — | — | — | — | — |
| BANK OF INDIA | 60,515 | 5.1 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.6 | 7.5 | 10 of 12 | 18% |
| Profit growth | 23.2 | 28.3 | 9 of 12 | 27% |
| Market cap | 13219 | 84177 | 12 of 12 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Q2 FY27 profit rises nearly 40%; margins and asset quality improve | investor communications | medium | — | — |
| 19 Oct 2026 · Analyst Meet Recording for Q2 / H1 FY27 Results | investor communications | low | — | — |
| 19 Oct 2026 · PSB publishes Q2 and H1 FY27 reviewed financial results | compliance | minimal | — | — |
| 17 Oct 2026 · PSB Q2 FY27: Net Profit up 39.66% YoY, NPA Improves | investor communications | medium | — | — |
| 17 Oct 2026 · Punjab & Sind Bank Q2 FY27 PAT up 39.66% YoY at Rs 412 Cr | results | high | — | — |
| 17 Oct 2026 · PSB Q2 FY27 net profit jumps about 40 percent YoY to Rs 412 crore | results | high | — | — |
| 17 Oct 2026 · Q2 FY26-27 results: Net profit up 24% YoY, net NPA down to 0.81% | results | high | — | — |
| 14 Oct 2026 · Punjab & Sind Bank schedules Q2 FY27 earnings call on Oct 19 | board shareholder meetings | low | — | — |
| 14 Oct 2026 · Board meeting on Oct 17 to approve Q2 FY27 results | results | low | — | — |
| 14 Oct 2026 · Punjab and Sind Bank reports Rs 4,237 crore outstanding bonds as of Sept 2026 | credit debt | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.