Punjab & Sind Bank (NSE:PSB)
₹ 52.91 0.88 (1.69%) Market Cap: 358.95 Bil Enterprise Value: 388.25 Bil PE Ratio: 53.66 PB Ratio: 3.14 GF Score: 56/100
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Q3 2024 Punjab & Sind Bank Earnings Call Transcript

Feb 01, 2024 / 10:00AM GMT
Release Date Price: ₹54.25 (+6.69%)

Key Points

Positve
  • CASA ratio improved sequentially by 158 bps to 32.77%.
  • Net interest income increased sequentially by 9.48% to INR 739 crores.
  • Non-interest income grew by 35.07%.
  • Gross NPA improved to 5.70%, a 53 bps improvement.
  • Operating profit increased sequentially to INR 277 crores.
Negative
  • Net profit declined to INR 114 crores from INR 189 crores last quarter.
  • Provision coverage ratio slightly dipped to 88.16%.
  • CASA ratio declined by 33 bps year-over-year.
  • Advances growth was muted at 7.48% due to strategic decisions.
  • Capital adequacy reduced to 16.13% due to RBI circular impact.
Operator

Good afternoon, ladies and gentlemen. I'm Shilpa Abraham, the moderator for today's earnings call. I welcome and thank each one of you for joining us today for the Q3 fiscal year '24 financial results of Punjab & Sind Bank. Please note that this conference is being recorded (Operator Instructions).

I would now like to introduce the management of Punjab & Sind Bank. We have with us today, Managing Director and Chief Executive Officer, Shri Swarup Kumar Saha; Executive Director, Dr. Ram Jass Yadav; Executive Director, Shri Ravi Mehra; and Chief Financial Officer, Ms. Mahima Agarwal. I would now like to hand over the conference to Shri Swarup Kumar Saha, MD and CEO of Punjab & Sind Bank for the opening remarks, after which we will have the forum open for the interactive Q&A session.

Thank you. And over to you, sir.

Swarup Saha
Punjab & Sind Bank - Chief Executive Officer, Managing Director, Executive Director

Yes. Thank you, Shilpa. And good afternoon everybody for joining this to the post Q3 financial performance on the con

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