Public sector lender Punjab & Sind Bank on Saturday reported a 23 per cent rise in net profit to Rs 331 crore during the June quarter, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 269 crore in the same quarter of the previous fiscal year. The total income increased to Rs 3,546 crore during the June quarter from Rs 3,379 crore in the same quarter of the previous fiscal year, Punjab & Sind Bank said in a regulatory filing. Interest earned by the bank improved to Rs 3,213 crore compared to Rs 2,911 crore in the June quarter of FY26. The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year. Net interest margin was at 2.53 per cent at the end of the quarter under review. During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago. The bank's asset quality showed improvement .
Net interest income grows 12.7 per cent, provisions fall 31 per cent and gross NPAs improve as advances rise nearly 20 per cent year-on-year
Axis Bank's June-quarter profit rose on lower provisions and an 8 per cent increase in net interest income, even as margins narrowed and bad loans edged higher
IDBI Bank on Saturday reported a 5 per cent rise in net profit at Rs 2,115 crore for the first quarter of the current financial year. The LIC-controlled bank had earned a net profit of Rs 2,007 crore in the same quarter of the previous fiscal year. Total income rose to Rs 8,573 crore during the June quarter of 2026-27, from Rs 8,458 crore a year ago, IDBI Bank said in a regulatory filing. Interest earned by the bank improved to Rs 7,541 crore, as compared to Rs 7,021 crore in the June quarter of FY26. Net Interest Income (NII) also increased to Rs 3,486 crore in the quarter, against Rs 3,166 crore in Q1 of the previous year, an increase of 10 per cent. However, the bank's operating profit declined to Rs 2,168 crore, from Rs 2,354 crore a year ago. Net Interest Margin too moderated a bit to 3.61 per cent, against 3.68 per cent in the April-June period a year ago. The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.3 per cent of gross advances at
JK Cement Ltd on Saturday reported a 15.3 per cent decline in consolidated net profit to Rs 274.62 crore for the June quarter. It had posted a profit of Rs 324.25 crore in the year-ago period, according to a regulatory filing from JK Cement Ltd (JKCL). Revenue from operations was up 20.25 per cent at Rs 4,031.72 crore in the June quarter from Rs 3,352.53 crore a year ago. JKCL's total expenses were at Rs 3,664.82 crore, up 25.5 per cent in the June quarter. The total income of JKCL, which includes other income, was at Rs 4,070.97 crore, up 19.41 per cent in Q1, FY27.
Net interest income rises 18 per cent, advances grow 18.3 per cent and gross NPAs fall to 1.3 per cent as the lender reports broad-based business momentum
Net interest income increased 6.7 per cent YoY to ₹33,535 crore in Q1FY27 from ₹31,438 crore a year earlier
Net interest income rose 12.3 per cent to ₹29,177.13 cr, while NIM rose marginally to 4.36; consolidated advances grew 19.6 per cent to ₹17.29 trillion, and deposits were up 14 per cent to ₹18.70 trn
NII rose 9 per cent YoY to Rs 11,266 crore, while other income increased 8 per cent YoY to Rs 3,338 crore
Yes Bank reported a 34 per cent increase in June quarter net profit to ₹1,070 crore, driven by robust loan growth, higher net interest income and steady growth in deposits
Punjab National Bank (PNB) on Saturday reported an over three-fold jump in standalone net profit at Rs 5,253 crore for the quarter ended June 30, 2026. The state-owned bank had posted a net profit of Rs 1,675 crore in the year-ago period. Total income in the quarter under review remained static at Rs 37,231 crore, PNB said in a regulatory filing. However, the lender's interest income increased marginally to Rs 32,897 crore, from Rs 31,964 crore in the same quarter a year ago. During the period, the bank's operating profit rose to Rs 7,519 crore, as compared to Rs 7,081 crore in the same quarter a year ago. The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.78 per cent of gross advances at the end of the June quarter, from 3.78 per cent a year ago. Gross Non-Performing Assets (GNPA) in absolute terms declined by Rs 7,292 crore to Rs 35,381 crore from Rs 42,673 crore, while Net Non-Performing Assets (NNPA) eased by Rs 699 crore to Rs 3,433 crore
Axis Bank reported better-than-expected June quarter earnings as higher net interest income and lower provisions lifted profit, while loan growth remained supported by improving credit demand
Q1FY27 company results: Firms including ICICI Bank, Punjab National Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Can Fin Homes, and JK Cement are also to release their April-June earnings today
Reliance Industries beats expectations in an all-round Q1 show
Revenue from operations rose 9.8% to ₹47,364 crore, while profit before tax doubled to ₹6,160 crore and expenses increased 3.7%
Reliance Retail's profit declined in the first quarter despite higher revenue, while Reliance Consumer Products more than doubled revenue, driven by strong demand for FMCG brands
Upcoming IPO an important milestone in Jio's journey: Mukesh Ambani
NII rose 26 per cent YoY to Rs 2,946 crore, supported by healthy growth in advances and an expansion in margins. Sequentially, NII declined 7 per cent
The engineering major's improving execution, expanding order book and healthy margin recovery support growth prospects, but much of the optimism appears priced into the stock
We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.