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Punjab & Sind Bank slips on reporting 91% fall in Q4 net profit

17 May 2017 Evaluate

Punjab & Sind Bank is currently trading at Rs. 60.30, down by 2.05 points or 3.29% from its previous closing of Rs. 62.35 on the BSE.

The scrip opened at Rs. 60.95 and has touched a high and low of Rs. 60.95 and Rs. 60.20 respectively. So far 41326 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.30 on 05-May-2017 and a 52 week low of Rs. 37.00 on 19-May-2016.

Last one week high and low of the scrip stood at Rs. 69.60 and Rs. 60.20 respectively. The current market cap of the company is Rs. 2422.49 crore.

The promoters holding in the company stood at 79.62%, while Institutions and Non-Institutions held 12.54% and 7.84% respectively.

Punjab & Sind Bank has reported a fall of 91.51% in its net profit at Rs 8.33 crore for the quarter ended March 31, 2017 as compared to Rs 98.12 crore for the same quarter in the previous year. Total income of the bank decreased by 8.35% to Rs 2110.11 crore for quarter under review, as compared to Rs 2302.27 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the bank has posted a fall of 40.15% in its net profit at Rs 201.08 crore as compared to Rs 335.97 crore in FY16. Total income of the bank decreased by 5.12% at Rs 8750.97 crore for year under review, as compared to Rs 9222.82 crore for the year ended March 31, 2016. 

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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