Introduction:
Leading public sector bank reported an impressive 147% YoY increase in net profit for Q3FY25, driven by strong growth in operating profit, net interest margin, and advances. The bank also achieved significant gains in key financial metrics.
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Share price movement of Punjab & Sind Bank:
On January 16, 2025, Punjab & Sind Bank opened at ₹49.66, up 7.22% from its previous close of ₹46.31. The stock reached a high of ₹52.00 (12.35%) and a low of ₹48.25. By 11:20 AM, it traded at ₹50.10, an 8.18% increase, with a market cap of ₹33,956.71 crore.
Punjab & Sind Bank Reports 147% Profit Growth:
Punjab & Sind Bank reported a remarkable 147% year-on-year (YoY) increase in net profit for Q3FY25, reaching ₹282 crores. The operating profit grew by 74.73% YoY to ₹484 crores, reflecting strong financial performance for the quarter.
The bank’s net interest margin (NIM) rose by 24 basis points to 2.78%, while the yield on advances increased by 23 basis points to 9.14%. Return on assets also improved by 42 basis points, demonstrating enhanced operational efficiency and profitability.
In terms of business growth, total advances increased by 14.73% YoY, while retail advances saw a significant 35.12% rise. The bank’s overall business stood at ₹2,23,267 crores, reflecting positive momentum across key financial metrics.
Recent news on Punjab & Sind Bank:
As of December 18, 2024, state-owned Punjab & Sind Bank raised ₹3,000 crore through the private placement of long-term infrastructure bonds. The bank received ₹6,031 crore in bids, accepting ₹3,000 crore at a 7.74% coupon rate.
Stock performance of Punjab & Sind Bank for Period of 1 week, 6 months and 1 year:
Punjab & Sind Bank’s stock showed a slight 0.06% increase over the past week. However, it has faced a 27% decline over the past 6 months, with a modest 3.88% return over the last year.
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Shareholding pattern of Punjab & Sind Bank:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 98.30% | 98.30% | 98.30% |
| FII | 0.00% | 0.00% | 0.00% |
| DII | 0.70% | 0.70% | 0.70% |
| Public | 1.10% | 1.10% | 1.10% |
About Punjab & Sind Bank:
Punjab & Sind Bank (NSE: PSB) is a leading public sector bank offering a wide range of retail, corporate, and commercial banking products and services. It is majority-owned by the Government of India with 98.25% equity.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
