Punjab & Sind Bank533295Quarterly results
Board approved Reviewed / Unaudited Results for Q2 and half year ended September 30, 2026
The Board of Punjab & Sind Bank met on October 17, 2026 (03:30 p.m. to 05:30 p.m.) and approved the Reviewed / Unaudited Financial Results for the Quarter (Q2) / Half Year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 374652 | 337328 | +11.1% | 354572 | +5.7% |
| Profit before tax | 56534 | 35739 | +58.2% | 45149 | +25.2% |
| Profit after tax | 41197 | 29452 | +39.9% | 33151 | +24.3% |
| Basic EPS | 0.58 | 0.42 | +38.1% | 0.47 | +23.4% |
- Total income
- Latest 374652; Year ago 337328 (+11.1%); Prev qtr 354572 (+5.7%)
- Profit after tax
- Latest 41197; Year ago 29452 (+39.9%); Prev qtr 33151 (+24.3%)
- Period
- QUARTER ENDED 30.09.2026 Reviewed
Auditor's review
Conclusion: Unmodified
Notes to the results
- Bank discontinued maintenance of Investment Fluctuation Reserve per RBI directions dated 18.05.2026; IFR of Rs. 354.21 crore transferred to General Reserve during the half year.
- Net Deferred Tax Assets of Rs. 1032.88 Crore recognised as at 30th September, 2026 (Rs. 1227.92 Crore as on 30th September, 2025).
- Bank holds provision of Rs. 230.27 Crore against outstanding of Rs. 230.27 Crore in NPA accounts referred under RBI insolvency directions.
Board meeting outcome
- The Board of Directors met on October 17, 2026, from 03:30 p.m. to 05:30 p.m. and approved the Reviewed / Unaudited Financial Results of the Bank for the Quarter (Q2) / Half Year ended September 30, 2026.
- Along with the results, the Bank placed its Cash Flow Statement, Segment Reporting, the Limited Review Report by the auditors and a Security Cover Certificate as on September 30, 2026.
- On Deviation/Variation in Utilisation of Funds Raised under Regulation 32(1) and 52(7) of SEBI (LODR) Regulations, 2015 for the quarter ended September 30, 2026, the update states "Not Applicable".
What the auditors said
- Four firms - S. P. Chopra & Co., Gupta Sharma & Associates, O. P. Totla & Co. and NBS & Co. - carried out a limited review. A review gives moderate assurance and is not an audit; they state that they do not express an audit opinion.
- Their conclusion: nothing has come to their attention that causes them to believe the unaudited results, read with the notes, have not disclosed the information required, contain a material misstatement, or were not prepared in line with RBI prudential norms on income recognition, asset classification, provisioning and related matters.
- Their review covered 77.54% of the advance portfolio (excluding advances of asset recovery branches and food credit) and 50.33% of gross non-performing assets; the balance is supported by review reports of concurrent auditors.
Performance (figures in Rs. lacs)
- Total Income: 374652 for the quarter and 729224 for the half year, against 337328 and 675267 a year earlier.
- Net Profit for the period: 41197 for the quarter and 74348 for the half year, against 29452 and 56368.
- Operating Profit before Provisions & Contingencies: 61745 for the quarter, against 50506.
- Provisions (other than tax) and Contingencies: 5211 for the quarter, against 14767.
- Earnings per share (basic and diluted, not annualised): Rs. 0.58 for the quarter, against Rs. 0.42.
Asset quality and capital
- % of Gross NPAs: 2.09%, against 2.92% a year earlier; Amount of Gross Non-Performing Assets 263620, against 308189.
- % of Net NPAs: 0.61%, against 0.83%.
- Capital Adequacy Ratio (Basel III): 16.55%, against 17.19%; CET 1 Ratio 15.49%, against 15.32%.
Ownership
- Government of India holding: 93.85%; Public Shareholding 6.15%, or 436534127 shares.
- Promoter and promoter group shares shown under Pledged/Encumbered: Nil, with 100.00% shown as non-encumbered.
Notes to the results
- Investment Fluctuation Reserve of Rs. 354.21 crore has been transferred to General Reserve during the half year ended September 30, 2026, after the Bank discontinued maintenance of the IFR in line with RBI directions.
- Net Deferred Tax Assets of Rs. 1032.88 Crore recognised as at September 30, 2026 (Rs. 1227.92 Crore as at September 30, 2025).
- Provision of Rs. 7.43 Crore held, being 5% of outstanding food credit availed by the State Government of Punjab.
- MSME restructured accounts: 852 accounts, Rs. 46.30 crore, provision Rs. 15.11 crore as on September 30, 2026, against 2937 accounts, Rs. 137.85 crore and Rs. 64.71 crore a year earlier.
- Restructuring under the COVID-19 Resolution Framework 2.0: 4077 accounts, Rs. 424.39 crore, provision Rs. 89.08 crore, against 4992 accounts, Rs. 557.70 crore and Rs. 111.25 crore.
Balance sheet size (Rs. in lacs)
- Total Assets 19028804 as on September 30, 2026, against 16534156 as on September 30, 2025.
- Deposits 15331197 against 13570629; Advances 12403371 against 10347224.
₹74348 lakhNet Profit for the period, half year ended 30.09. (Rs. in lacs
Net Profit for the period, quarter ended 30.09. (Rs. in lacs₹41197 lakh
Profit after tax, quarter33151 (Rupees in lacs)
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More numbers
- Net Profit for the period, half year ended 30.09.2026 (Rs. in lacs)74348
- % of Gross NPAs, quarter ended 30.09.20262.09
- % of Net NPAs, quarter ended 30.09.20260.61
- Capital Adequacy Ratio (Basel III)16.55
- Investment Fluctuation Reserve transferred to General ReserveRs. 354.21 crore
- Total income, latest quarter374652 (Rupees in lacs)
- Total income, year-ago quarter337328 (Rupees in lacs)
- Total income, previous quarter354572 (Rupees in lacs)
- Profit after tax, latest quarter41197 (Rupees in lacs)
- Profit after tax, year-ago quarter29452 (Rupees in lacs)
- Profit after tax, previous quarter33151 (Rupees in lacs)
- Profit before tax, latest quarter56534 (Rupees in lacs)
- Profit before tax, year-ago quarter35739 (Rupees in lacs)
- Profit before tax, previous quarter45149 (Rupees in lacs)
Source: BSE · 17 Oct 2026
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