South Indian Bank has announced its Q3 FY25 results, with Net Interest Income (NII) rising 6.14% YoY to ₹869.26 crore, showcasing consistent growth in its core income-generating operations. The bank’s strong focus on loan disbursements and effective cost management contributed to this performance.
Key Financial Highlights (Q3 FY25):
Net Interest Income (NII):
- ₹869.26 crore, up 6.14% from ₹819.03 crore in Q3 FY24.
- Growth supported by an increase in interest earned and stable cost of funds.
Total Income:
- Reported at ₹2,817.96 crore, compared to ₹2,653.68 crore in Q3 FY24, reflecting a 6.19% YoY increase.
Operating Profit:
- Stood at ₹528.84 crore, a rise from ₹483.45 crore in the same quarter last year.
Net Profit (PAT):
- Reported at ₹341.87 crore, marking a 12% YoY growth from ₹305.36 crore in Q3 FY24.
Other Key Metrics:
Asset Quality:
- Gross NPA: ₹3,73,556 crore, with a Gross NPA ratio of 4.30%.
- Net NPA: ₹1,05,611 crore, representing 1.25% of net advances.
Expenses:
- Total expenditure, excluding provisions, stood at ₹2,289.12 crore, reflecting controlled operational costs.
Provisions:
- Provisions and contingencies amounted to ₹660.4 crore, highlighting prudent risk management.
Year-to-Date (YTD) FY25 Performance:
- Total Income: ₹8,358.28 crore, up from ₹7,506.62 crore in the corresponding period last year.
- Net Profit: ₹960.69 crore, a significant increase from the previous year.
- Operating Profit: ₹1,586.77 crore, showcasing enhanced operational efficiency.
Conclusion:
South Indian Bank’s Q3 FY25 results reflect strong fundamentals, with growth in NII, total income, and net profit. The bank continues to improve its operational efficiency and asset quality, positioning itself for sustained growth in the coming quarters.
