Punjab & Sind BankQuarter ended Results & Financial Update
Punjab & Sind Bank: Quarter ended standalone results and company financials – total income ₹3,746.52 Cr, PAT ₹411.97 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Punjab & Sind Bank Quarter ended quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Punjab & Sind Bank reported total income of Rs 3,746.52 crore for the quarter ended September 30, 2026, marking an increase compared to Rs 3,373.28 crore in the corresponding period of the previous year and Rs 3,545.72 crore in the previous quarter.
Net profit after tax (PAT) for Q2 FY27 reached Rs 411.97 crore, representing a significant year-on-year expansion from Rs 294.52 crore and a sequential improvement from Rs 331.51 crore.
Profit before tax (PBT) stood at Rs 565.34 crore, improving from Rs 357.39 crore in Q2 FY25-26 and Rs 451.49 crore in Q1 FY27.
Earnings per share (EPS) for the quarter was reported at Rs 0.58, compared to Rs 0.42 in the year-ago quarter and Rs 0.47 in the preceding quarter.
Interest earned climbed to Rs 3,394.48 crore from Rs 2,998.87 crore year-on-year, supported by higher interest and discount on advances and bills.
Total expenditure excluding provisions and contingencies was Rs 3,129.07 crore, with finance costs (interest expended) rising to Rs 2,233.60 crore.
Operating profit before provisions and contingencies improved to Rs 617.45 crore, compared to Rs 505.06 crore in the same quarter last year.
01 · Business model
What does Punjab & Sind Bank do?
Punjab & Sind Bank is a public sector bank in India, operating under Government of India ownership which holds a 93.85% equity stake as of September 30, 2026.
The Bank provides a comprehensive range of banking services categorized into treasury operations, corporate/wholesale banking, retail banking, digital banking, and other banking operations.
Its economic model relies on mobilizing retail and corporate deposits, extending credit across retail, agriculture, MSME, and corporate sectors, and generating fee income through core banking services.
The Bank operates nationwide through a vast network of branches, serving retail, agricultural, and business borrowers.
02 · Historical context
What shaped the business before this quarter
Previously in FY2026, the Bank operated under the Investment Fluctuation Reserve (IFR); however, in line with RBI Second Amendment Directions dated May 18, 2026, the Bank discontinued IFR maintenance and transferred Rs 354.21 crore to the General Reserve during the half year ended September 30, 2026.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended | Year-ago | Previous quarter |
|---|---|---|---|
| Total income | ₹3,746.52 Cr | ₹3,373.28 Cr | ₹3,545.72 Cr |
| Profit before tax | ₹565.34 Cr | ₹357.39 Cr | ₹451.49 Cr |
| Profit after tax | ₹411.97 Cr | ₹294.52 Cr | ₹331.51 Cr |
| EPS | ₹0.58 | ₹0.42 | ₹0.47 |
04 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Interest earned reached Rs 3,394.48 crore in Q2 FY27, up from Rs 2,998.87 crore in Q2 FY25-26, driven primarily by interest and discount on advances and bills which generated Rs 2,490.78 crore.
Income from investments contributed Rs 862.93 crore during the quarter, compared to Rs 835.38 crore in the corresponding quarter of the previous year.
Other income stood at Rs 352.04 crore for the quarter ended September 30, 2026, compared to Rs 374.41 crore in the year-ago period.
NIM, spread, funding cost and credit cost
Operating margin (Operating Profit/Total Income) improved to 16.48% for Q2 FY27, compared to 14.97% in Q2 FY25-26 and 15.38% in Q1 FY27. Net profit margin rose to 11.00% from 8.73% year-on-year.
05 · Loan growth, sanctions & disbursements
How the lending book is moving
According to the bank's press release, total business registered a growth of 15.73% year-on-year to stand at Rs 2,79,231 crore.
Total advances grew by 19.28% year-on-year to Rs 1,25,919 crore, while total deposits grew by 12.97% to Rs 1,53,312 crore.
06 · Portfolio mix & lending exposure
Where the loan book is concentrated
Segments and products
Retail banking (including digital banking and other retail banking) recorded segment revenue of Rs 1,791.40 crore and a segment result of Rs 347.66 crore for Q2 FY27.
Corporate and wholesale banking generated segment revenue of Rs 1,070.15 crore and a segment result of Rs 209.95 crore.
Treasury operations registered segment revenue of Rs 875.05 crore and a segment result of Rs 140.66 crore for the quarter.
07 · Asset quality & capital strength
How credit quality and balance-sheet capacity changed
Asset quality, stages and credit risk
Gross NPAs stood at Rs 2,636.20 crore (2.09% of gross advances), improving from Rs 3,081.89 crore (2.92%) as of September 30, 2025. Net NPAs stood at Rs 750.80 crore (0.61% of net advances), down from Rs 854.13 crore (0.83%) in the year-ago period.
The Provision Coverage Ratio (including technical write-offs) improved to 92.48% as of September 30, 2026, compared to 91.88% as of September 30, 2025.
Capital adequacy, net worth and balance-sheet capacity
The Capital Adequacy Ratio (Basel III) stood at 16.55% as of September 30, 2026, with the CET 1 ratio at 15.49%.
08 · Strategy & portfolio evolution
How the lending mix and strategic agenda are changing
As of September 30, 2026, the Bank held 58,300 co-lending accounts with an aggregate principal of Rs 3,346.50 crore and a weighted average interest rate of 8.34%, spanning retail and MSME sectors.
09 · Reported developments
What changed operationally
Net profit grew by 39.66% year-on-year to Rs 412 crore in Q2 FY27 from Rs 295 crore in Q2 FY25-26.
Gross NPA percentage improved by 83 basis points year-on-year to 2.09%, and Net NPA percentage improved by 22 basis points to 0.61%.
10 · Pressure points & risks
What is not going smoothly
During the quarter ended September 30, 2026, the Bank reported 1 case of non-borrowal fraud and 5 cases of borrowal frauds involving a total amount of Rs 719.30 crore, with a financial loss extent of Rs 5.87 crore for which full provision has been made.
11 · Items worth noticing
The line items that can distort a quick read
The Bank made a full provision of Rs 5.87 crore covering the entire loss extent arising from fraud cases reported during the quarter.
12 · Funding & balance sheet
How funding, liquidity and capital support the loan book
For the half year ended September 30, 2026, net cash inflow from operating activities was Rs 2,177.96 crore, cash outflow from investing activities was Rs 261.66 crore, and cash outflow from financing activities was Rs 44.62 crore.
Capital allocation & funding
Total borrowings stood at Rs 19,229.85 crore as of September 30, 2026. The Bank reported outstanding unsecured listed non-convertible debt securities amounting to Rs 4,237.30 crore.
13 · Beyond the numbers
What changed beyond the numbers
Reported update
Government Shareholding
The Government of India's shareholding in the Bank stood at 93.85% (6,65,905,1093 shares) as of September 30, 2026, with no shares pledged or encumbered.
14 · Previous-quarter changes
What changed since the previous quarter
Net profit increased from Rs 331.51 crore in Q1 FY27 to Rs 411.97 crore in Q2 FY27.
15 · Key Q&A
The quarter, answered directly
What does Punjab & Sind Bank do?
Punjab & Sind Bank is a public sector bank in India, operating under Government of India ownership which holds a 93.85% equity stake as of September 30, 2026.
What is the clearest takeaway from Quarter ended?
Punjab & Sind Bank reported total income of Rs 3,746.52 crore for the quarter ended September 30, 2026, marking an increase compared to Rs 3,373.28 crore in the corresponding period of the previous year and Rs 3,545.72 crore in the previous quarter.
What drove earnings or loan-book movement?
Interest earned reached Rs 3,394.48 crore in Q2 FY27, up from Rs 2,998.87 crore in Q2 FY25-26, driven primarily by interest and discount on advances and bills which generated Rs 2,490.78 crore.
What mattered most for margins, funding or credit cost?
Operating margin (Operating Profit/Total Income) improved to 16.48% for Q2 FY27, compared to 14.97% in Q2 FY25-26 and 15.38% in Q1 FY27. Net profit margin rose to 11.00% from 8.73% year-on-year.
What changed operationally beyond the headline numbers?
Gross NPAs stood at Rs 2,636.20 crore (2.09% of gross advances), improving from Rs 3,081.89 crore (2.92%) as of September 30, 2025. Net NPAs stood at Rs 750.80 crore (0.61% of net advances), down from Rs 854.13 crore (0.83%) in the year-ago period.
What are the main pressure points disclosed for the quarter?
During the quarter ended September 30, 2026, the Bank reported 1 case of non-borrowal fraud and 5 cases of borrowal frauds involving a total amount of Rs 719.30 crore, with a financial loss extent of Rs 5.87 crore for which full provision has been made.
16 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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17 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Trajectory of Net Interest Margin (NIM) and Cost of Funds across upcoming quarters.
- 02
Further movement in Gross and Net NPA ratios and recoveries from stressed assets.
- 03
Credit growth momentum in RAM (Retail, Agriculture, and MSME) advances.
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