Punjab & Sind Bank Q1 Results: Net profit rises 23.2% YoY, asset quality improves

Punjab & Sind Bank reported a 23.05% year-on-year rise in net profit to ₹331 crore for the quarter ended 30th June 2026, up from ₹269 crore in the same quarter last year.

Net Interest Income grew 15.33% year-on-year to ₹1,038 crore, compared to ₹900 crore a year ago.

The bank's asset quality improved during the quarter. Gross NPA declined by 113 basis points on a year-on-year basis to 2.21%, from 3.34% a year ago. Net NPA fell by 26 basis points to 0.65%, from 0.91% in the year-ago period. The Provision Coverage Ratio rose by 56 basis points to 92.33%, from 91.77%.

Retail, Agriculture and MSME advances as a percentage of total advances increased by 602 basis points to 60.02%, from 54.00% a year earlier.

On a year-on-year basis (Q1 FY2025-26 to Q1 FY2026-27), Total Business grew 15.27% to stand at ₹2,66,420 crore. Total Deposits rose 12.16%, while Retail Term Deposits grew 14.94%. Total Advances increased 19.35%, with RAM advances registering a stronger growth of 32.66%. Within this, Retail advances grew 36.44%, Agriculture advances grew 25.85%, and MSME advances grew 32.71%.

Total Income for the quarter grew 4.91% to ₹3,545 crore. Return on Assets improved by 6 basis points to 0.73%, from 0.67%, while Return on Equity improved by 118 basis points to 10.85%, from 9.67%. The Cost to Income ratio reduced by 34 basis points to 60.21%, from 60.55%. The bank's Capital Adequacy Ratio stood at 17.61%.

Also read: Eight banks react to their Q1 business updates on Thursday

Punjab & Sind Bank shares closed 0.12% higher at ₹24.75 on the NSE.