Punjab & Sind Bank announced Q4FY23 & FY23 results: Q4FY22 vs Q4FY23: Operating Profit: Rs 317 crore vs Rs 536 crore, up by 69.09% Net Profit: Rs 346 crore vs Rs 457 crore, up by 32.08% Return on Assets (RoA): 1.10% vs 1.33%, up by 23 bps Return on Equity (RoE): 25.84% vs 28.43%, up by 259 bps Cost-to-Income Ratio: 65.19% vs 56.45%, down by 874 bps Total Business: Rs 1,72,524 crore vs Rs 1,90,647 crore, up by 10.50% Net NPA (%): 2.74% vs 1.84%, down by 90 bps FY22 vs FY23: Operating Profit: Rs 1,330 crore vs Rs 1,450 crore, up by 9.02% Net Profit: Rs 1,039 crore vs Rs 1,313 crore, up by 26.37% Net Interest Income: Rs 2,652 crore vs Rs 2,973 crore, up by 12.10% Return on Assets (RoA): 0.85% vs 0.98%, up by 13 bps Return on Equity (RoE): 20.42% vs 22.18%, up by 176 bps Cost-to-Income Ratio: 63.16% vs 62.95%, down by 21 bps Net NPA (%): 2.74% vs 1.84%, down by 90 bps Capital Adequacy ratio (CRAR) at 17.10% with a Common Equity Tier 1 (CET-1) ratio of 14.32% at the end of March 2023. Result PDF
Punjab & Sind Bank announced Q3FY23 results: Q3FY23: Net profit stands at Rs 373 crore in Q3FY23, against Rs 301 crore in Q3FY22 and Rs 278 crore in Q2FY23, a growth of 23.92% and 34.17% respectively. Operating profit up by 8.18% (QoQ) and 3.61% (YoY). Gross non-performing assets (GNPA) ratio reduces by 608 bps on YoY basis to 8.36%. Net non-performing assets (NNPA) ratio reduces by 99 bps on YoY basis to 2.02%. Capital adequacy ratio (CRAR) at 15.57% with common equity tier 1 (CET-1) ratio of 12.79% at the end of Q3FY23. Return on assets (RoA) improves to 1.11 %, an improvement of 13 bps (YoY). Net interest income grows by 6.20% on YoY basis. Yield on advances improves to 8.11%, an improvement of 42 bps (YoY). CASA deposit grows by 11.33% on YoY basis and its share in total deposit stands at 33.30%, an improvement of 67 bps. RAM (Retail, Agriculture & MSME) Advances up by 19.07% (YoY). Retail advances up by 32.31 % to Rs 14,739 crore (YoY). MSME advances up by 14.92% to Rs 13,929 crore (YoY). Agriculture advances up by 9.63% to Rs 11,288 crore (YoY). Credit-Deposit (CD) ratio improves to 71.00%, an improvement of 452 bps (YoY). Slippage ratio improves to 0.36% for Q3FY2023 from 0.58% for Q2FY2023 Result PDF