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Stock Report
Punjab and Sind Bank Q1 FY2023 net profit at Rs. 204.70 crores
Posted On : 2022-08-01 14:21:37( TIMEZONE : IST )
Punjab & Sind Bank has reported Standalone financial results for the period ended June 30, 2022.
Financial Results (Q1 FY2023) - QoQ Comparison
The company has reported total income of Rs. 1915.47 crores during the period ended June 30, 2022 as compared to Rs. 2007.90 crores during the period ended March 31, 2022.
The company has posted net profit / (loss) of Rs. 204.70 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 346.10 crores for the period ended March 31, 2022.
The company has reported EPS of Rs. 0.30 for the period ended June 30, 2022 as compared to Rs. 0.85 for the period ended March 31, 2022.
| Financials | Q1 FY2023 | Q4 FY2022 | % Change |
| Total Income | ₹ 1915.47 crs | ₹2007.90 crs |  -4.60% |
| Net Profit | ₹204.70 crs | ₹346.10 crs | -40.86% |
| EPS | ₹0.30 | ₹0.85 | -64.71% |
Financial Results (Q1 FY2023) - YoY Comparison
The company has reported total income of Rs. 1915.47 crores during the period ended June 30, 2022 as compared to Rs.2008.30 crores during the period ended June 30, 2021.
The company has posted net profit / (loss) of Rs.204.70 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.173.85 crores for the period ended June 30, 2021.
The company has reported EPS of Rs.0.30 for the period ended June 30, 2022 as compared to Rs.0.43 for the period ended June 30, 2021.
| Financials | Q1 FY2023 | Q1 FY2022 | % Change |
| Total Income | ₹ 1915.47 crs | ₹2008.30 crs | -4.62% |
| Net Profit | ₹204.70 crs | ₹173.85 crs |  17.75% |
| EPS | ₹0.30 | ₹0.43 | -30.23% |
Asset Quality:
| Asset Quality | Q1 FY2023 | Q4 FY2022 | Q1 FY2022 |
| Gross NPA | ₹8243.74 crs | ₹8564.82 crs | ₹9054.96 crs |
| Gross NPA % | 11.34% | 12.17% | 13.33% |
| Net NPA | ₹1691.60 crs | ₹1742.27 crs | ₹2206.70 crs |
| Net NPA % | 2.56% | 2.74% | 3.61% |
Gross NPA was at ₹ 8243.74 crs in Q1 FY2023 against ₹ 9054.96 crs in Q1 FY2022. The same was at ₹ 8564.82 crs in Q4 FY2022.
Net NPA was at ₹ 1691.60 crs in Q1 FY2023 against ₹ 2206.70 crs in Q1 FY2022. The same was at ₹ 1742.27 crs in Q4 FY2022.
GNPA was at 11.34% of Gross advances as on June 30, 2022 as compared to 13.33% as on June 30, 2021 and 12.17% as of March 31, 2022.
Net NPA was at 2.56% of Gross advances as on June 30, 2022 as compared to 3.61% as on June 30, 2021 and 2.74% as of March 31, 2022.
| Ratios | Q1 FY2023 | Q4 FY2022 | Q1 FY2022 |
| RoA % | 0.64% | 1.10% | 0.59% | CAR (BASEL III) % | 16.79% | 18.54% | 17.62% |
Return on Average Assets (RoA) is at 0.64% for Q1 FY2023 against 1.10% in Q4 FY2022 and 0.59% in Q1 FY2022.
In Q1 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 16.79%, as compared to 18.54% in Q4 FY2022 and 17.62% in Q1 FY2022.
Shares of Punjab & Sind Bank was last trading in BSE at Rs. 14.94 as compared to the previous close of Rs. 14.88. The total number of shares traded during the day was 16280 in over 136 trades.
The stock hit an intraday high of Rs. 15.12 and intraday low of 14.87. The net turnover during the day was Rs. 243013.00.
