Punjab & Sind Bank shares soar 12% as Q3 PAT jumps 147% YoY; NII surges by 27%

Shares of Punjab & Sind Bank soared 12.2% to an intraday high of Rs 52 on the BSE on Thursday, January 16, after the bank reported a remarkable growth of 147.4% YoY in its net profit for Q3FY25, while the net interest income (NII) rose 27% on a year-on-year basis.

The NII of the bank reached Rs 939 crore in Q3 FY25 compared to Rs 739 crore in Q3 FY24, while its net profit for the period stood at Rs 282 crore.

Punjab & Sind Bank’s operating profit also showed strong growth, increasing by 74.73% YoY to Rs 484 crore in Q3 FY25 from Rs 277 crore in the year-ago period.

Meanwhile, the net interest margin (NIM) improved by 24 bps YoY, reaching 2.78% in the third quarter of the fiscal year 2025.

Asset quality also witnessed significant improvement. The gross non-performing assets (GNPAs), a measure of bad loans, decreased by 187 bps YoY to 3.83% in Q3 FY25, while its net non-performing assets (NNPAs) declined by 55 bps YoY to 1.25%.

For the reporting period, the bank’s total business registered a growth of 10.58% YoY and stood at Rs 2,23,267 crore and the total advances grew by 14.73% YoY. For the quarter ended December 2024, the bank’s total deposits grew by 7.64% year-on-year.In its major developments for the third quarter, the bank launched the digital journey for the home loan & car loan segments, offering a seamless digital journey through QR codes, missed calls or website. The bank also signed an MoU with the Assam Riffles and the Indian Navy to offer best-in-class salary package for serving personnel and pensioners.

Additionally, Punjab & Sind Bank also launched e-Bank Guarantee (e-BG) in partnership with National e-Governance Service Ltd (NeSL).

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Punjab & Sind Bank share price performance

Over the past year, the stock has shown gains of 10.96%. However, in the last six months, the price faced a significant decline of 21.27%. In the last three months, the shares of Punjab & Sind Bank dropped by 4.32%, while in the past month, it declined by 3.77%.

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