Punjab & Sind Bank Q4 profit rises 35% to Rs 422 cr

What the bank reported for Q4 FY26

State-owned Punjab & Sind Bank reported a 35% jump in net profit to ₹422 crore for the January-March quarter of FY26. The profit growth was attributed to moderation in bad loans, as per the report. The bank also released provisional business figures for the financial year ended March 31, 2026. It said the figures are provisional and subject to audit. The quarter’s profit print is the latest in a run of sequential updates through FY26 that have highlighted improving profitability and asset quality. For investors tracking public sector banks, the update adds fresh data points on earnings momentum and loan book trends.

FY26 profit rises 30% to ₹1,322 crore

For the full year FY26, Punjab & Sind Bank reported profit of ₹1,322 crore. This represented a 30% increase compared with ₹1,016 crore in the previous year. The report positions the year’s performance as an improvement in earnings. It also referenced earlier momentum in FY25, when the bank had reported net profit up over 70% and operating profit up over 80% year-on-year. Those FY25 growth rates were cited as context for the bank’s improving trajectory heading into FY26. The FY26 annual number, however, is presented separately from those FY25 growth references.

Total business grows 15% to ₹2,63,652 crore

The bank reported that total business, comprising deposits and advances, grew 15% during FY26 to ₹2,63,652 crore. This compares with ₹2,29,379 crore at the end of the previous financial year. The report describes this as growth in the combined balance-sheet franchise. While the provisional disclosure does not split the FY-end total into deposits and advances in the same line, it signals expansion in the overall book. Business growth is closely watched because it can support future net interest income, provided spreads and credit costs remain controlled.

Q3 FY26 numbers show a profitable quarter

For Q3 FY26, the bank’s operating profit rose 22.73% year-on-year to ₹594 crore, while net profit increased 19.15% to ₹336 crore. For the nine-month period ended December (9M FY26), operating profit grew 30.18% to ₹1,639 crore and net profit increased 28.02% to ₹900 crore. Total income in Q3 FY26 was reported at ₹3,549.27 crore, up 8.6% year-on-year from ₹3,269.37 crore. The same Q3 disclosure also reported operating margin at 16.75% and net margin at 9.5%. These figures, taken together, indicate profitability gains through higher operating profit and improved margins over the comparable period.

Asset quality: gross NPA at 2.60% and net NPA at 0.74% (Dec 2025)

On asset quality, the report said gross NPA improved to 2.60% and net NPA to 0.74% as of December 2025. It also noted that the bank has shown improvement in asset quality with reduction in NPAs. The Q4 headline cited a decline in bad loans as a factor aiding profit growth, though it did not specify Q4 NPA ratios in the provided text. For readers, the December 2025 NPA ratios provide a recent audited-period snapshot within FY26. Lower NPAs typically reduce provisioning pressure and can lift earnings, especially for lenders rebuilding profitability.

Q2 FY26: profit ₹295 crore; gross NPA improves to 2.92%

In Q2 FY26 (July-September), Punjab & Sind Bank reported net profit of ₹295 crore, up 29.5% from ₹240 crore in Q2 FY25. The bank’s interest income rose to ₹2,999 crore in the September quarter of FY26 from ₹2,739 crore in the same quarter of FY25, as per board-approved results. Asset quality improved in that quarter as well, with gross NPAs at 2.92% of loans versus 4.21% in Q2 FY25. This Q2 disclosure provides a second data point within FY26 showing both profit growth and improved loan quality compared with the year-ago period.

Segment and income details flagged in the Q3 disclosure

The Q3 summary in the provided material also pointed to retail banking trends. Retail banking revenue was reported at ₹1,597.89 crore versus ₹762.17 crore a year earlier, with segment margin at 24.5% compared with 16.4%. In addition, the report referenced net interest income at ₹986 crore and core fee income at ₹187 crore in the Q3 context. These numbers were presented alongside the bank’s broader narrative of improving profitability metrics and business growth.

Key numbers at a glance

Market impact: what investors typically track in such updates

The FY26 and quarterly disclosures bring together three investor-relevant threads that are explicitly supported by the reported numbers: higher profits, expanding business, and improving asset quality. Profit for FY26 rose to ₹1,322 crore and Q4 profit was ₹422 crore, while total business expanded to ₹2,63,652 crore. On loan quality, gross NPA at 2.60% and net NPA at 0.74% (as of December 2025) provide a concrete read on the direction of credit costs. The Q2 gross NPA improvement to 2.92% from 4.21% a year earlier adds a second reference point within the year. With provisional FY-end business figures awaiting audit, markets generally focus on whether the audited numbers align with the provisional trajectory.

Why the Q4 and FY26 print matters

Punjab & Sind Bank’s Q4 and FY26 update matters primarily because it links profit growth to moderation in bad loans. The reported improvement in NPA ratios during FY26, along with higher operating profit and net profit in Q3, provides supporting context for that linkage. The business growth to ₹2,63,652 crore suggests balance-sheet expansion alongside profitability, rather than profit improvement coming solely from one-off factors in a shrinking book. Separately, the Q2 and Q3 updates show that profit growth was not confined to a single quarter in FY26.

Conclusion

Punjab & Sind Bank’s Q4 FY26 net profit rose 35% to ₹422 crore, while FY26 profit increased 30% to ₹1,322 crore and total business grew 15% to ₹2,63,652 crore. The bank also pointed to easing bad loans, with earlier FY26 disclosures showing gross NPA at 2.60% and net NPA at 0.74% as of December 2025. The reported FY-end business numbers are provisional and await audit, which will be the next key confirmation point for investors tracking the bank’s FY26 performance.