South Indian Bank Q3 net profit rises 12% to ₹342 crore, NII up 6%

The company had reported a post-tax profit of ₹305.36 crore in the year-ago quarter.

The net interest income (NII) stood at ₹869.2 crore in the quarter under review, up 6% from ₹820 crore in the corresponding period last fiscal.

Gross non-performing asset was at 4.30% in Q3 FY25 as against 4.40% in the second quarter of FY25. The net NPA ratio was 1.25% vs 1.31% in Q2 of the current fiscal year.

South Indian Bank share price

Following the results announcement, shares of The South Indian Bank declined 4.18% to ₹25.88 apiece on the National Stock Exchange (NSE) at 2:15 pm.

In the last month, the stock has gained 2.66%, while it rose 9.11% in the three-month period. In the past year, it fell 8.84%.

The private lender reported a 6.88% increase in its total income to ₹2,817.96 crore for the third quarter of the financial year 2024-25, compared to ₹2636.5 crore a year back.

The bank's deposits grew 6.28% to ₹105,386.63 crore in the latest October-December quarter compared to ₹99,154.66 crore in Q3 FY24.

The net worth stood at ₹9,308.55 crore, up 33.34% from ₹6981.05 crore in the December quarter of the financial year 2023-24.

Provisions for the quarter increased by 36% YoY to ₹66 crore. However, they fell by 40% sequentially.