Earnings Review
South Indian Bank Sept quarter net profit up only 8% on soft NII growth
This story was originally published at 15:25 IST on 16 October 2025
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--South Indian Bank Jul-Sept net profit INR 3.51 bln vs INR 3.25 bln yr ago
--South Indian Bank Jul-Sept total income INR 29.23 bln vs INR 27.65 bln
--South Indian Bank gross NPA ratio 2.93% as on Sept 30 vs 3.15% qtr ago
--South Indian Bank net NPA ratio 0.56% as on Sept 30 vs 0.68% qtr ago
--South Indian Bank Basel III capital adequacy ratio 17.70% as on Sept 30
--South Indian Bank Jul-Sept provisions INR 632.7 mln vs INR 1.1 bln yr ago
--South Indian Bank Apr-Sept net profit INR 6.73 bln vs INR 6.19 bln yr ago
--South Indian Bank Apr-Sept total income INR 59.07 bln vs INR 55.01 bln
By Shreya Shetty
MUMBAI – South Indian Bank Ltd.'s bottom line rose only 8% on year in the September quarter as low growth in net interest income offset a fall in provisions and contingencies. The bank posted a net profit of INR 3.51 billion for the September quarter compared to INR 3.25 billion a year ago, beating the Street's forecast.
ICICI Securities and Anand Rathi Financial Services Ltd had expected the bank to report a profit of INR 3.11 billion and INR 3.25 billion, respectively.
The bank's gross non-performing assets ratio was 2.93% as on Sept. 30, down from 3.15% a quarter ago. The net non-performing assets ratio stood at 0.56% as on Sept. 30, against 0.68% a quarter ago. The lender's provisions and contingencies fell to INR 632.7 million from INR 1.1 billion a year ago.
The Kerala-headquartered bank's total income was INR 29.23 billion for the September quarter, compared to INR 27.65 billion a year ago. The bank's total income for Apr-Sept was INR 59.07 billion, up from INR 55.01 billion in the same period last year. The Basel-III capital adequacy ratio was 17.70% as on Sept. 30.
The bank's net profit for Apr-Sept was INR 6.73 billion, up from INR 6.19 billion in the same period a year ago.
Interest earned by the private lender rose only 2% on year to INR 2.41 billion. The net interest income fell to INR 8.08 billion in Jul-Sept from INR 8.82 billion a year ago. The bank's expenditure rose nearly 8% to INR 23.87 billion.
Gross advances increased 9% on year to INR 922.86 billion as on Sept. 30, with housing loans rising 25% to INR 88.49 billion. Retail deposits rose 11% on year to INR 1.13 trillion as on Sept. 30. The low cost current account savings account ratio was 31.86% as on Sept. 30, up 6 basis points from a year ago.
"The Bank's well defined strategy continues to underpin its strong business performance during the period. The Bank recorded healthy growth across all major segments – including Corporate, MSME (Micro, Small and Medium Enterprise), Housing, Auto and Gold loans – with a steadfast focus on maintaining asset quality," P.R. Seshadri, managing director and chief executive officer of the bank, said in a press release.
At 1516 IST, shares of South Indian Bank were up 0.7% at INR 33.0 on the National Stock Exchange. End
US$1 = INR 87.83
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
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