South Indian Bank announced Q1FY26 results Operating Profit of the quarter increased by 32.41% from Rs 507.68 crore in Q1FY25 to Rs 672.20 crore in Q1FY26. GNPA is down by 135 bps from 4.50% to 3.15 % on YoY basis. NNPA decreased by 76bps from 1.44% to 0.68% on YoY basis. PCR including write off increased by 960 bps from 79.22% to 88.82% YoY basis. PCR excl. write off increased by 988 bps from 69.05% to 78.93% YoY basis Deposits: Retail Deposit grew by Rs 9,623 crore from Rs 99,745 crore to Rs 1,09,368 crore YoY showing an increase of 9.65% on YoY basis. NRI Deposit grew by Rs 2,190 crore from Rs 30,103 crore to Rs 32,293 crore YoY showing an increase of 7.27% on YoY basis. CASA grew by 9.06% YoY from Rs 33,195 crore to Rs 36,204 crore Advances: Gross advances grew by Rs 6,617 crore from Rs 82,580 crore to Rs 89,198 crore showing an increase of 8% on YoY basis. Personal Segment grew by Rs 5,034 crore from Rs 19,188 crore to Rs 24,222 crore showing an increase of 26% on YoY basis. Gold Loan portfolio grew by Rs 1,129 crore from Rs 16,317 crore to Rs 17,446 crore showing an increase of 7% on YoY basis. Housing Loan grew by Rs 3,380 crore from Rs 5,138 crore to Rs 8,518 crore registering a growth of 66%. Vehicle Loan grew by 27% YoY from Rs 1,741 crore to Rs 2,217 crore. P.R.Seshadri, MD & CEO of the Bank, said: “While announcing the financial results, I am pleased to share that our strategy continues to center around sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio. We are sharpening our organizational structure and leveraging digital technology to effectively achieve our business objectives. During the reporting period, the Bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiring quality assets in verticals such as Corporate Lending, Auto Loans, Housing Loans, and Gold Loans. Aligned with our strategic intent of ‘Profitability through Quality Credit Growth’, we have successfully onboarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio.” Result PDF
South Indian Bank announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Net Interest Income: Rs 868.32 crore (YoY decline of 0.73%) Other Income: Rs 572.37 crore (YoY growth of 65.41%) Operating Profit: Rs 683.31 crore (YoY growth of 57.61%) Profit Before Tax (PBT): Rs 459.12 crore (YoY growth of 16.85%) Net Profit After Tax (PAT): Rs 342.19 crore (YoY growth of 18.99%) FY25 Financial Highlights: Operating profit of the year increased by 21.55% from Rs 1,867.67 crore in FY24 to Rs 2,270.08 crore in FY25 GNPA is down by 130 bps from 4.50% to 3.20 % on YoY basis NNPA decreased by 54 bps from 1.46% to 0.92% on YoY basis PCR including write off increased by 593 bps from 79.10% to 85.03% YoY basis PCR excl. write off increased by 310 bps from 68.66% to 71.77% YoY basis The Board of Directors had recommended 40% dividend subject to approval of the Share Holders in AGM. Highest ever business of Rs 1,95,104.12 crore in the history of the Bank Highest ever net profit of Rs 1,302.88 crore in the history of the Bank Highest ever operating profit of Rs 2,270.08 crore in the history of the Bank Highest ever other income of Rs 1,813.43 crore in the history of the Bank Highest ever net interest income of Rs 3,485.64 crore in the history of the Bank Highest Return on Assets of 1.05% in the last 20 years Highest Return on Equity of 12.90% in the last 11 years Reduced Net NPA of less than 1% P R Seshadri, MD & CEO of the Bank, stated that, “While announcing the financial results, I am pleased to share that our strategy continues to center around sustained profitability, superior asset quality, a resilient loan book, and a robust retail liability portfolio. We are sharpening our organizational structure and leveraging digital technology to effectively achieve our business objectives. During the reporting period, the Bank witnessed consistent growth across all targeted segments, with a sharp focus on acquiring quality assets in verticals such as Corporate Lending, Auto Loans, Housing Loans, and Gold Loans. Aligned with our strategic intent of ‘Profitability through Quality Credit Growth’, we have successfully on-boarded new advances with low-risk profiles, ensuring a well-balanced and healthy credit portfolio.” Result PDF
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