Punjab and Sind Bank releases Consolidated Quarterly Results for March 31, 2023. Punjab and Sind Bank has announced an increase in total income from Rs. 2245.07 Crores as of December 31, 2022, to Rs. 2651.98 Crores as of March 31, 2023. The net profit for the company has decreased from Rs. 373.24 Crores as of December 31, 2022, to Rs. 456.99 Crores as of March 31, 2023. However, the earnings per share (EPS) have improved, increasing from Rs. 0.55 on December 31, 2022, to Rs. 0.67 on March 31, 2023, according to the company’s statement.
Punjab and Sind Bank Quarterly Results (Q4 FY2023) – Quarter-over-Quarter Comparison:
Total income of the company is Rs. 2651.98 Crores (March 31, 2023) vs. Rs. 2245.07 Crores (December 31, 2022)
Net profit/loss: Rs. 456.99 Crores (March 31, 2023) vs. Rs. 373.24 Crores (December 31, 2022)
EPS: Rs. 0.67 (March 31, 2023) vs. Rs. 0.55 (December 31, 2022)
| Financials | Q4 FY2023 | Q3 FY2023 | % Change |
| Total Income | ₹ 2651.98 Cr | ₹ 2245.07 Cr | ⬆ 18.12% |
| Net Profit | ₹ 456.99 Cr | ₹ 373.24 Cr | ⬆ 22.44% |
| EPS | ₹ 0.67 | ₹ 0.55 | ⬆ 21.82% |
Punjab and Sind Bank Quarterly Results (Q4 FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 2651.98 Crores (March 31, 2023) vs. Rs. 2007.90 Crores (March 31, 2022)
Net profit/loss: Rs. 456.99 Crores (March 31, 2023) vs. Rs. 346.10 Crores (March 31, 2022)
EPS: Rs. 0.67 (March 31, 2023) vs. Rs. 0.85 (March 31, 2022)
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹ 2651.98 Cr | ₹ 2007.90 Cr | ⬆ 32.08% |
| Net Profit | ₹ 456.99 Cr | ₹ 346.10 Cr | ⬆ 32.04% |
| EPS | ₹ 0.67 | ₹ 0.85 | ⬇ -21.18% |
Punjab and Sind Bank Quarterly Results (Year Ended FY2023) – Year-over-Year Comparison:
Total income of the company is Rs. 8932.69 Crores (March 31, 2023) vs. Rs. 8055.19 Crores (March 31, 2022)
Net profit/loss: Rs. 1313.03 Crores (March 31, 2023) vs. Rs. 1039.05 Crores (March 31, 2022)
EPS: Rs. 1.94 (March 31, 2023) vs. Rs. 2.56 (March 31, 2022)
| Financials | 12 Months Ended FY2023 | 12 Months Ended FY2022 | % Change |
| Total Income | ₹ 8932.69 Cr | ₹ 8055.19 Cr | ⬆ 10.89% |
| Net Profit | ₹ 1313.03 Cr | ₹ 1039.05 Cr | ⬆ 26.37% |
| EPS | ₹ 1.94 | ₹ 2.56 | ⬇ -24.22% |
| Asset Quality | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| Gross NPA | ₹ 5648.21 Cr | ₹ 6499.91 Cr | ₹ 8564.82 Cr |
| Gross NPA % | 6.97% | 8.36% | 12.17% |
| Net NPA | ₹ 1411.50 Cr | ₹ 1469.14 Cr | ₹ 1742.27 Cr |
| Net NPA % | 1.84% | 2.02% | 2.74% |
The gross NPA of Punjab and Sind Bank was ₹ 5648.21 Crorse in Q4 FY2023, down from ₹ 8564.82 Crorse in Q3 FY2022 and ₹ 6499.91 Crorse in Q3 FY2023.
Net NPA was ₹ 1411.50 Crorse in Q4 FY2022, a decrease from ₹ 1742.27 Crorse in Q3 FY2022 and ₹ 1469.14 Crorse in Q3 FY2023.
As of March 31, 2023, GNPA was 6.97% of Gross advances, compared to 12.17% on March 31, 2022, and 8.36% on December 31, 2022.
As of March 31, 2023, Net NPA was 1.84% of Gross advances, a decrease from 2.74% on March 31, 2022, and 2.02% on December 31, 2022.
| Ratios | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 |
| RoA % | 1.33% | 1.11% | 1.10% |
| CAR (BASEL III) % | 17.10% | 15.57% | 18.54% |
Punjab and Sind Bank Q4 FY2023 Return on Average Assets (RoA) was 1.33%, up from 1.11% in Q3 FY2023 and 1.10% in Q3 FY2022.
In Q4 FY2023, the Bank’s Capital Adequacy Ratio (CAR) was 17.10%, down from 15.57% in Q3 FY2023 and 18.54% in Q4 FY2022.
About Punjab and Sind Bank:
Headquartered in New Delhi, Punjab & Sind Bank is a public sector bank in India. The bank has a vast network of 1553 branches located throughout the country, with 635 branches situated in the state of Punjab. Additionally, the bank has 25 zonal offices spread across India. These extensive branch and office locations enable the bank to offer comprehensive financial services to customers across India.
Download Full PDF Q4 Results of Punjab and Sind Bank :
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