Latest news with #Punjab&SindBank
Business Standard
21-07-2025
- Business
- Business Standard
Punjab & Sind Bank Q1 PAT climbs 48% YoY to Rs 269 cr
Punjab & Sind Bank's standalone net profit surged 48.29% to Rs 269.16 crore on 18.74% increase in total income to Rs 3,379.39 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) stood at Rs 323.02 crore in Q1 FY26, registering growth of 51.49% YoY. Net interest income (NII) grew 5.88% to Rs 900 crore in Q1 FY26 as compared with Rs 850 crore recorded in Q1 FY25. During the quarter, the banks total business grew by 10.94% YoY to Rs 2,31,132 crore, where in total advances were up by 13.92% YoY to Rs 99,950 crore. Total deposits rose 8.78% to Rs 1,31,182 crore as against Rs 1,20,593 crore recorded in the corresponding quarter last year. CASA deposits stood at Rs 40,133 crore in Q1 FY26 as compared to Rs 38,134 crore posted in Q1 FY25, registering a growth of 5.24%. The CASA ratio was 30.59% as of 30 June 2025, as against 31.62% as of 30 June 2024. Gross non-performing assets (GNPA) reduced 19.45% to Rs 3,339 crore as of 30 June 2025, as against Rs 4,145 crore as of 30 June 2024. On the asset quality front, the gross NPA ratio reduced to 3.34% in Q1 FY26 as against 4.72% recorded in Q1 FY25. The net NPA ratio reduced to 0.91% in Q1 FY26 as against 1.59% in Q1 FY25. The Capital Adequacy Ratio (CRAR) improved by 60 bps to 17.90%, and the Tier I (including CCB) capital ratio improved to 16.02% in Q1 FY26 as against 14.80% registered in Q1 FY25. The banks provision coverage ratio increased by 369 bps and stands at 91.77%. The banks CD ratio improved by 343 bps to 76.19% in Q1 FY26 as against 72.76% in Q1 FY25. Punjab and Sind Bank is a leading public sector bank and a major bank in northern India. The bank provides customer service through innovative products and services for different customer segments. The bank has a total of 1,607 branches and 1,053 ATMs. The scrip shed 0.22% to end at Rs 32.20 on the BSE.
Indian Express
20-07-2025
- Business
- Indian Express
Stocks to Watch on Monday, July 21: Reliance Industries, BEML, HDFC Bank, JSW Steel, Hindustan Zinc and more
Stocks to Watch: Shares of several companies including Reliance Industries, Reliance Power, Reliance Retail, and HDFC Bank, among others will remain in focus on Monday, July 21. On Friday (July 18), benchmark Sensex tanked 501 points while Nifty closed below the 25,000 mark on Friday due to selling in banking shares after muted quarterly earnings and foreign fund outflows. Falling for the second straight day, the 30-share BSE Sensex declined by 501.51 points or 0.61 per cent to settle at 81,757.73. During the day, it shed 651.11 points or 0.79 per cent to hit a low of 81,608.13. The 50-share NSE Nifty dropped 143.05 points or 0.57 per cent to close at a month's low of 24,968.40. Yes Bank reported a 59 per cent jump in its June quarter net profit to Rs 801 crore, helped by non-core income growth. Its core net interest income grew 5.7 per cent to Rs 2,371 crore on the back of a 5 per cent growth in advances and a 0.10 per cent widening in the net interest margin at 2.5 per cent. HDFC Bank posted a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. The lender had reported a net profit of Rs 16,475 crore in the year-ago period. On a standalone basis, the country's largest private sector lender reported a net profit of Rs 18,155 crore for the quarter, up from Rs 16,174 crore a year ago. ICICI Bank posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago. JK Cement Ltd reported a 75.4 per cent increase in its consolidated net profit to Rs 324.25 crore for the June quarter of 2025-26 compared to Rs 184.82 crore in the April-June period a year ago. Its revenue from operations rose by 19.4 per cent to Rs 3,352.53 crore in the June quarter compared to Rs 2,807.57 crore in the corresponding period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Punjab & Sind Bank reported a 48 per cent jump in net profit to Rs 269 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 182 crore in the same quarter of the previous fiscal year. The total income rose to Rs 3,379 crore during the June 2025 quarter from Rs 2,846 crore in the same quarter of FY25, Punjab & Sind Bank said in a regulatory filing. The India Cements Ltd, a subsidiary of UltraTech Cement Ltd, an Aditya Birla Group company, reported a consolidated net loss of Rs 132.90 crore for the April-June 2025 quarter, the company said on Saturday. The city-based cement maker had posted a consolidated net profit of Rs 58.47 crore during the corresponding quarter of the previous financial year. AU Small Finance Bank on Saturday posted a 16 per cent growth in net profit to Rs 581 crore during the first quarter of this financial year. The Jaipur-based bank had earned a net profit of Rs 503 crore in the same quarter of the previous fiscal year. The total income rose to Rs 5,189 crore during the June 2025 quarter from Rs 4,278 crore in the same period of FY25, AU Small Finance Bank said in a regulatory filing. Reliance Power reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 2025-26, as the company trimmed its expenses. It had posted a loss of Rs 97.85 crore in the first quarter of the preceding 2024-25 fiscal, the company said in an exchange filing. The company's total income was Rs 2,025.31 crore against Rs 2,069.18 crore in the year-ago quarter. RBL Bank posted a 46 per cent drop in its June 2025 quarter net profit to Rs 200 crore as it faced challenges on the core income front. The lender had posted a net profit of Rs 372 crore in the year-ago period, while the same figure had stood at Rs 69 crore in the preceding March quarter. Union Bank of India reported a 12 per cent rise in net profit to Rs 4,116 crore during the first quarter of this financial year. The Mumbai-based lender had earned a net profit of Rs 3,679 crore in the same quarter of the previous fiscal year. The total income rose to Rs 31,791 crore during the June 2025 quarter from Rs 30,874 crore in the year-ago period, Union Bank of India said in a regulatory filing. HDFC Bank on Saturday posted a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. The lender had reported a net profit of Rs 16,475 crore in the year-ago period. On a standalone basis, the country's largest private sector lender reported a net profit of Rs 18,155 crore for the reporting quarter, up from Rs 16,174 crore a year ago. Central Bank of India posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal year. The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of India said in a regulatory filing. Oriental Hotels Ltd, an associate company of The Indian Hotels Company Ltd, has reported a standalone profit for the April-June 2025 quarter at Rs 8.71 crore. The city-based company had earned a net profit of Rs 3.64 crore during the corresponding quarter of last financial year. For the financial year ending March 31, 2025 the net profit stood at Rs 44.52 crore. Reliance Industries reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. The oil-to-retail-to-telecom conglomerate's consolidated net profit attributable to owners of the company stood at Rs 26,994 crore, or Rs 19.95 per share, in April-June 2025 compared to Rs 15,138 crore earnings in the year-ago period, according to an exchange filing. BEML announced that it has bagged a government order worth Rs 185.65 crore for supply of 79 units of bulldozers. The company has bagged the order from the Ministry of Defence (MoD), BEML said in an exchange filing. Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, on Friday reported a 28.3 per cent jump in its profit after tax at Rs 3,271 crore in the quarter ended June 30, 2025, on the back of robust revenue growth across segments. The company had reported a profit after tax of Rs 2,549 crore in the same quarter last fiscal, according to a regulatory filing of Reliance Industries Ltd (RIL). JSW Steel reported an over two-fold jump in its consolidated net profit at Rs 2,209 crore in April-June quarter, aided by lower expenses. It had registered a net profit of Rs 867 crore in the first quarter of the preceding fiscal year 2024-25, the company said in a filing. Bandhan Bank reported 65 per cent decline in net profit at Rs 372 crore for the first quarter of this financial year on rising bad loans and sliding core income. The Kolkata-based private sector bank had earned a net profit of Rs 1,063 crore in the same quarter of the previous fiscal year. Total income rose to Rs 6,201 crore during the June quarter of 2025-26, from Rs 6,082 crore in the same period of FY25, Bandhan Bank said in a regulatory filing. Hindustan Zinc Ltd (HZL) reported 4.7 per cent decline in consolidated net profit at Rs 2,234 crore for the quarter ended June 30, 2025 on account of decline in revenue. The company had posted a net profit of Rs 2,345 crore in the year-ago period, HZL said in a filing to BSE. Revenue during the first quarter of FY26 dropped to Rs 7,591 crore from Rs 7,893 crore in the year-ago period. Texmaco Rail & Engineering Ltd has commissioned a 10-MW captive solar power plant at its Raipur facility in Chhattisgarh, as part of its broader green energy transition, the company said on Friday. The project, developed in partnership with AMP Energy India, marks a key milestone in Texmaco's sustainability roadmap, it said. Indian Overseas Bank reported a 76 per cent jump in net profit to Rs 1,111 crore during the first quarter of this financial year. The Chennai-based bank had earned a net profit of Rs 633 crore in the same quarter of the previous fiscal year. The total income rose to Rs 8,866 crore during the June quarter of 2025-26, from Rs 7,568 crore in the same quarter of FY25, IOB said in a regulatory filing.
Economic Times
19-07-2025
- Business
- Economic Times
Punjab & Sind Bank Q1 net profit jumps 48% to ₹269 crore on strong treasury gains
Kolkata: Punjab & Sind Bank reported a 48% jump in net profit at Rs 269 crore for the first quarter of the fiscal over Rs 182 crore in the year-ago period, buoyed by a rise in treasury gains. The bank's asset quality improved, with gross non-performing assets ratio falling to 3.34% as June 30 from 4.72% a year ago. It made Rs 23 crore provisions to cover loan default risk while the bank received a provision write-back of Rs 336 crore. This led to a rise in total provisions and contingencies at Rs 217 crore, against Rs 103 crore. Pre-provision operating profit soared 70% at Rs 540 crore as compared with Rs 317 crore in the year-ago period, owing to 142% jump in non-interest income at Rs 469 crore. Treasury earnings for the quarter stood at Rs 334 crore, up 74% from Rs 192 crore seen in the corresponding period last year. Net interest income grew a modest 6% year-on-year at Rs 900 crore. The bank's total advances grew 14% year-on-year to Rs 87,738 crore at the end of June. Total deposit rose 8.8% to Rs 1.21 lakh crore.
Time of India
19-07-2025
- Business
- Time of India
Punjab & Sind Bank Q1 net profit jumps 48% to ₹269 crore on strong treasury gains
Kolkata: Punjab & Sind Bank reported a 48% jump in net profit at Rs 269 crore for the first quarter of the fiscal over Rs 182 crore in the year-ago period, buoyed by a rise in treasury gains . The bank's asset quality improved, with gross non-performing assets ratio falling to 3.34% as June 30 from 4.72% a year ago. It made Rs 23 crore provisions to cover loan default risk while the bank received a provision write-back of Rs 336 crore. This led to a rise in total provisions and contingencies at Rs 217 crore, against Rs 103 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges Undo Pre-provision operating profit soared 70% at Rs 540 crore as compared with Rs 317 crore in the year-ago period, owing to 142% jump in non-interest income at Rs 469 crore. Treasury earnings for the quarter stood at Rs 334 crore, up 74% from Rs 192 crore seen in the corresponding period last year. Net interest income grew a modest 6% year-on-year at Rs 900 crore. Live Events The bank's total advances grew 14% year-on-year to Rs 87,738 crore at the end of June. Total deposit rose 8.8% to Rs 1.21 lakh crore.
News18
19-07-2025
- Business
- News18
Punjab & Sind Bank Q1 net profit surges 48 pc to Rs 269 cr
Last Updated: New Delhi, Jul 19 (PTI) State-owned Punjab & Sind Bank on Saturday reported a 48 per cent jump in net profit to Rs 269 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 182 crore in the same quarter of the previous fiscal year. The total income rose to Rs 3,379 crore during the June 2025 quarter from Rs 2,846 crore in the same quarter of FY25, Punjab & Sind Bank said in a regulatory filing. Interest earned by the bank improved to Rs 2,911 crore compared to Rs 2,652 crore in the June quarter of FY25. During the period, the operating profit of the bank increased to Rs 540 crore compared to Rs 317 crore a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.34 per cent of gross advances at the end of the June quarter from 4.72 per cent a year ago. Its gross advance increased by 14 per cent to Rs 99,950 crore from Rs 87,738 crore at the end of June 2024. Similarly, net NPAs, or bad loans, declined to 0.91 per cent against 1.59 per cent in the year-ago period. However, provisions and contingencies increased to Rs 217 crore during the first quarter compared to Rs 103 crore a year ago. Its provision coverage ratio (PCR) improved to 92 per cent from 88 per cent in the same quarter a year ago. At the same time, return on assets (ROA) improved to 0.67 per cent for June 2025, from 0.5 per cent in June 2024, registering an improvement of 17 bps, it said. Capital adequacy ratio of the bank rose to 17.9 per cent from 17.3 per cent in the same quarter of FY25. The total business grew 11 per cent to Rs 2,31,132 crore from Rs 2,08,331 crore at the end of June 2024. PTI DP BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
