South Indian Bank shares jump nearly 4% after net profit rises 19%

Shares of South Indian Bank on Thursday climbed nearly 4% after the Kerala-based lender reported a 19% growth in net profit for the fourth quarter ended March 31, 2025.

The stock rallied 3.81% to settle at ₹27.77 apiece on the BSE. During the day, it jumped as much as 4.18% to hit an intraday high of ₹27.87.

South Indian Bank on Thursday reported a 19% growth in net profit at ₹342 crore in March quarter. The bank had a net profit of ₹288 crore in the same period last year.

The total income rose to ₹2,946 crore during the March quarter of 2024-25, from ₹2,621 crore in the March quarter of FY24. For the full 2024-25 fiscal, South Indian Bank reported a 22% growth in net profit to ₹1,303 crore. In FY24, the net profit was ₹1,070 crore.

South Indian Bank’s net interest income (NII) declined 0.7% to ₹868.3 crore in the March quarter, compared to ₹874.4 crore in the same period last year.

The bank’s gross non-performing assets (NPA) stood at 3.2% in the fourth quarter, down from 4.3% in the third quarter of FY25. Net NPA for the quarter came in at 0.92%, lower than 1.25% in the previous quarter.

In its Q4 business update, South Indian Bank reported gross advances of ₹88,447 crore, marking an increase of nearly 10% from ₹80,426 crore in the year-ago period. Retail deposits rose 7.44% to ₹1.05 lakh crore, compared to ₹1.01 lakh crore in the fourth quarter of FY24.

Current Account Savings Account (CASA) deposits grew 3.17% to ₹33,730 crore in the fourth quarter, up from ₹32,693 crore a year ago. However, the CASA ratio declined to 31.37% in the March quarter from 32.08% in the same period last year.

The bank declared a dividend of ₹0.40 per equity share for the fourth quarter of FY2024-25, amounting to a total distribution of ₹104.65 crore to shareholders.

On the NSE, South Indian Bank shares ended 3.92% higher at ₹27.80.