Due to a decrease in bad loans and an improvement in core revenue, the state-owned Punjab & Sind Bank announced on Saturday that its net profit for the first quarter of this fiscal year increased by 48% to Rs 269 crore.
In the same quarter of the prior fiscal year, the lender made a net profit of Rs 182 crore. According to a regulatory statement by Punjab & Sind Bank, the total income increased from Rs 2,846 crore in the same quarter of FY25 to Rs 3,379 crore in the June 2025 quarter. The bank's interest income increased to Rs 2,911 crore from Rs 2,652 crore during the FY25 June quarter.
The bank's operating profit grew to Rs 540 crore during that time, up from Rs 317 crore the previous year. Gross non-performing assets (NPAs) decreased from 4.72 percent of gross advances at the end of the June quarter to 3.34 percent at the end of the June quarter, indicating an improvement in the bank's asset quality.
By the end of June 2024, its gross advance had risen from Rs 87,738 crore to Rs 99,950 crore, a 14% increase. In a similar vein, net non-performing assets (NPAs), or bad loans, decreased to 0.91 percent from 1.59% during the same time last year. Nonetheless, compared to Rs 103 crore in the first quarter of last year, provisions and contingencies rose to Rs 217 crore.
In the same quarter last year, its provision coverage ratio (PCR) increased from 88% to 92%. According to the report, return on assets (ROA) increased by 17 basis points, from 0.5% in June 2024 to 0.67 percent in June 2025.
The bank's capital adequacy ratio increased from 17.3 percent in the same quarter of FY25 to 17.9 percent. By the end of June 2024, the entire business had grown by 11% to Rs 2,31,132 crore from Rs 2,08,331 crore.
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