Earnings Review
Better asset quality lifts South Indian Bank's PAT by 9.5% YoY
This story was originally published at 15:04 IST on 17 July 2025
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--South Indian Bank Apr-Jun net profit INR 3.22 bln vs INR 2.94 bln year ago
--South Indian Bank Apr-Jun total income INR 29.84 bln vs INR 27.36 bln
--South Indian Bank Apr-Jun provisions INR 2.39 bln vs INR 1.13 bln yr ago
--South Indian Bank gross NPA ratio 3.15% as on Jun 30 vs 3.20% qtr ago
--South Indian Bank net NPA ratio 0.68% as on Jun 30 vs 0.92% qtr ago
--South Indian Bank Basel III capital adequacy ratio 19.48% as on Jun 30
By Gowri Lakshmi
MUMBAI – South Indian Bank Ltd.'s bottom line rose 9.5% on year in the June quarter on the back of improved asset quality as the non-performing assets of the bank fell sharply on year as well as sequentially. South Indian Bank posted a net profit of INR 3.22 billion for the June quarter compared to INR 2.94 billion a year ago.
The bank managed to beat the Street's forecast, as analysts had expected its net profit for Apr-Jun to be in the range of INR 3.06 billion-3.20 billion.
The bottom line of the bank was also supported by a rise in its other income to INR 6.2 billion, sharply up from 4.2 billion a year ago. On a quarter-on-quarter basis, the bank's other income rose 8.7%. The bank's gross non-performing assets ratio was 3.15% as on Jun. 30, down from 3.20% a quarter ago. The net non-performing assets ratio stood at 0.68% as on Jun. 30, against 0.92% a quarter ago.
The Kerala-headquarted bank's total income was INR 29.84 billion for Apr-Jun, compared to INR 27.36 billion a year ago. However, the rise in the bank's profit for the reporting quarter came despite the provisions and contingencies for the June quarter rising 111% on year to INR 2.39 billion. The bank's Basel III capital adequacy ratio was 19.48% as on Jun. 30.
The bank's income from investments fell sharply by 10.82% on year to INR 3.6 billion for the June quarter. At 1438 IST, shares of South Indian Bank traded 0.5% lower at INR 30.71 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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