South Indian Bank has announced its unaudited financial results for the quarter ending December 31, 2024 (Q3 FY25), reflecting robust growth in both revenue and profitability.
Key Financial Highlights (Q3 FY25)
- Total Income:
- ₹2,817.96 crore, compared to ₹2,653.68 crore in Q3 FY24, marking a year-on-year (YoY) increase.
- Operating Profit:
- ₹528.84 crore, up from ₹483.45 crore in Q3 FY24.
- Net Profit (PAT):
- ₹341.87 crore, up from ₹305.36 crore YoY.
- Interest Earned:
- ₹2,370.74 crore, reflecting an increase from ₹2,184.09 crore in Q3 FY24.
- Net Interest Margin (NIM):
- Marginal improvement on a YoY basis, supported by healthy loan disbursements.
- Gross NPA (Non-Performing Assets):
- ₹3,73,556 crore with a ratio of 4.30% to gross advances.
- Net NPA:
- ₹1,05,611 crore, representing 1.25% of net advances.
Year-to-Date (April-December FY25)
- Total Income:
- ₹8,358.28 crore, up from ₹7,506.62 crore in the corresponding period last year.
- Net Profit (YTD):
- ₹960.69 crore, showcasing significant growth compared to the previous year.
- Operating Profit (YTD):
- ₹1,586.77 crore, reflecting improved operational efficiency.
Operational Efficiency
- Expenditure:
- Total expenditure, excluding provisions, stood at ₹2,289.12 crore for the quarter, driven by controlled operating expenses.
- Provisions and Contingencies:
- ₹660.4 crore, reflecting prudent risk management.
TOPICS:
South Indian Bank