Conference Call with South Indian Bank Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
South Indian Bank announced Q3FY25 results Operating profit for the quarter increased by 9.39% from Rs 483.45 crore in Q3FY24 to Rs 528.84 crore in Q3FY25. Net profit of the Bank for quarter is up by 11.96% from Rs 305.36 crore in Q3FY24 to Rs 341.87 crore in Q3FY25. Gross NPA came down by 44 bps from 4.74% to 4.30% on YoY basis. Net NPA dropped by 36 bps from 1.61% to 1.25% on YoY basis. Net interest income went up from Rs 819.03 crore to Rs 869.26 crore, registering a growth of 6.13% on YoY basis. Return on Assets increased by 5 bps from 1.07% to 1.12% YoY basis. PCR excl. write off increased by 465 bps from 67.08% to 71.73% YoY basis. PCR including write off increased by 310 bps from 77.97% to 81.07% YoY basis Deposits: Retail Deposit grew by Rs 7,332 crore from Rs 95,088 crore to Rs 1,02,420 crore, showing an increase of 7.71% on YoY basis. NRI Deposit grew by Rs 1,896 crore from Rs 29,236 crore to Rs 31,132 crore, showing an increase of 6.49% on YoY basis. CASA grew by 4.13% on YoY basis with growth in Savings Bank by 3.37% and Current Account by 7.73% respectively Advances: Gross advances grew by Rs 9,280 crore from Rs 77,686 crore to Rs 86,966 crore, showing an increase of 11.95% on YoY basis Corporate Segment went up by Rs 5,064 crore from Rs 29,892 crore to Rs 34,956 crore, showing an increase of 16.94% on Yo-Y basis. Share of A and above rated accounts in large corporate segment grew from 96% to 99.6% on YoY basis. Personal Loan book grew by Rs 63 crore from Rs 2,186 crore to Rs 2,249 crore, showing an increase of 2.88% on YoY basis. Gold Loan portfolio went up by Rs 1,597 crore from Rs 15,369 crore to Rs.16,966 crore, showing an increase of 10.39 % on YoY basis. Housing Loan grew by Rs 3,195 crore from Rs 5,000 crore to Rs 8,195 crore registering a growth of 63.9%. Vehicle Loan grew by 24.71% YoY from Rs 1,554 crore to Rs 1,938 crore. P R Seshadri, MD & CEO of the Bank, said: The strategy adopted by the Bank continues to enable the business performance. During the period, Bank registered growth in all the desired segments with a focus on quality asset across all verticals Corporate, Housing loan, Auto Loan, Personal Loan, Gold Loan etc. He also stated that, in line with the strategic intent of the Bank viz, “Profitability through quality credit growth”, the Bank could on board fresh advances with low risk profile. Capital adequacy of the Bank stood at 18.00% in December 2024 compared to 15.60% in December 2023. The Bank’s financial results include the financial results of its wholly owned subsidiary SIBOSL. Result PDF