Punjab & Sind Bank Q2 FY27 Profit Jumps 39.66% YoY to ₹412 Cr
Punjab & Sind Bank reported Q2 FY27 Net Profit of ₹412 crore, up 39.66% YoY. Operating Profit rose 22.38% YoY to ₹618 crore. Gross NPA reduced to 2.09% and Net NPA to 0.61%. Total business grew 15.73% to ₹279,231 crore. NII increased 22.32% to ₹1,162 crore.
The announcement details robust financial performance with substantial profit growth and improved asset quality, which are material factors for investors and stakeholders.
The bank has shown strong year-on-year and quarter-on-quarter growth in both net profit and operating profit, along with significant improvements in asset quality (reduction in NPAs) and key financial metrics like NIM and RoA.
Punjab & Sind Bank (PSB) announced its reviewed unaudited financial results for the Quarter (Q2) and Half Year ended September 30, 2026. The bank reported a significant year-on-year growth in Net Profit of 39.66%, reaching ₹412 crore compared to ₹295 crore in the same period last year. Operating Profit also saw a substantial increase of 22.38% year-on-year, rising from ₹505 crore to ₹618 crore.
On a quarter-on-quarter basis, Net Profit grew by 24.47% to ₹412 crore from ₹331 crore, while Operating Profit increased by 13.39% from ₹545 crore to ₹618 crore. The bank also reported improvements in key asset quality metrics, with Gross NPA decreasing by 83 basis points year-on-year to 2.09% and Net NPA reducing by 22 basis points to 0.61%. The Provision Coverage Ratio improved by 60 basis points to 92.48%.
Total business registered a growth of 15.73% to ₹279,231 crore. Total advances grew by 19.28%, with RAM advances showing a healthy increase of 31.08%. Retail advances saw a significant growth of 42.71%. The Net Interest Income (NII) grew by 22.32% to ₹1,162 crore, and Core fee income grew by 23.62% to ₹246 crore. The Return on Assets improved by 16 basis points to 0.88%, and Net Interest Margin (NIM) improved by 17 basis points to 2.77% year-on-year.
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Punjab & Sind Bank filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Punjab & Sind Bank. Read the original for the full detail.