Earnings Review
South Indian Bank's Q3 PAT up 9.5% YoY; provisions rise 22%
This story was originally published at 15:32 IST on 15 January 2026
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--South Indian Bank Oct-Dec net profit INR 3.74 bln vs INR 3.42 bln year ago
--South Indian Bank Oct-Dec total income INR 30.03 bln vs INR 27.80 bln
--South Indian Bank Oct-Dec provisions INR 804.1 mln vs INR 660.4 mln yr ago
--South Indian Bank gross NPA ratio 2.67% as on Dec 31 vs 2.93% qtr ago
--South Indian Bank Apr-Dec net profit INR 10.48 bln vs INR 9.61 bln year ago
--South Indian Bank net NPA ratio 0.45% on Dec 31 vs 0.56% qtr ago
--South Indian Bank Apr-Dec net profit INR 10.48 bln vs INR 9.61 bln year ago
--South Indian Bank Apr-Dec total income INR 89.11 bln vs INR 82.81 bln
--South Indian Bank Basel III capital adequacy ratio 17.84% as on Dec 31
By Udita S. Jaiswal
MUMBAI – South Indian Bank Ltd.'s net profit for the December quarter exceeded Street estimates on the back of a rise in total income. However, the lender marginally missed reporting a double-digit on-year growth in its net profit due to a rise in provisions.
The Kerala-headquartered bank Thursday posted a net profit of INR 3.74 billion for the December quarter, up 9.49% on year. ICICI Securities Ltd. had expected the bank to report a bottom line of INR 3.14 billion for the reporting period. The lender's total income was INR 30.03 billion for the December quarter, up 8.04% from the year-ago quarter. The bank's net profit for Apr-Dec was INR 10.48 billion, up 9.05% on year. The bank's total income for Apr-Dec rose 7.60% on year to INR 89.11 billion.
As for asset quality, the lender's provisions and contingencies rose 21.76% on year to INR 804.10 million. The bank's gross non-performing asset ratio was 2.67% as on Dec. 31, down from 2.93% a quarter ago. The net non-performing asset ratio stood at 0.45% as on Dec. 31, against 0.56% in the quarter ended September. The bank's Basel-III capital adequacy ratio was 17.84% as on Dec. 31.
The bank's income on investments rose over 23% on year to INR 4.98 billion in the reporting quarter. Other income of the bank rose nearly 19% on year to INR 4.86 billion. Interest earned by the private-sector lender for the December quarter rose over 6% on year to INR 25.18 billion.
The bank's total expenditure rose 7.5% on year to INR 24.19 billion for the quarter ended December. Interest expended rose 9% on year to INR 16.37 billion. The bank's operating expenses rose over 4% on year to INR 7.82 billion, of which, employees cost rose over 3% on year to INR 4.29 billion. The bank's operating profit rose 10.5% to INR 5.84 billion from the year-ago quarter.
On Wednesday, shares of South Indian Bank ended nearly 5% higher at INR 42.46 on the National Stock Exchange. The Indian equity market is closed Thursday on account of municipal corporation elections in Maharashtra. End
Edited by Tanima Banerjee
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