South Indian Bank has reported a strong financial performance for the fourth quarter (Q4) of FY25, with net profit rising 58% year-on-year (YoY) to ₹683 crore. The bank’s shares surged to a nine-month high of ₹27.25 apiece, reflecting positive investor sentiment.
Financial Highlights
- Net Profit: ₹683 crore, up 58% YoY.
- Revenue: ₹2,946 crore, reflecting a 12.4% growth.
- Net Interest Income (NII): ₹868 crore, down 1% YoY.
- Gross Non-Performing Assets (NPA): Declined to 3.2% from 4.3%.
- Net NPA: Improved to 0.92% from 1.25%.
- Dividend: ₹0.40 per equity share, subject to shareholder approval.
Market Performance & Growth Outlook
South Indian Bank’s asset quality improved significantly, with lower slippages and stronger loan growth. The bank’s gross advances rose 10% YoY to ₹88,447 crore, while CASA deposits increased 3.17%.
Stock Movement
Following the earnings announcement, South Indian Bank’s stock gained 1.39% intraday, hitting ₹27.25 apiece, its highest level since July 2024.
For more updates on South Indian Bank and banking sector trends, stay tuned!
