South Indian Bank Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- South Indian Bank Ltd reported a 0.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.9%.
- Its expenses for the quarter were up by 1.6% QoQ and 6.3% YoY.
- The net profit increased 5.3% QoQ and increased 12.0% YoY.
- The earnings per share (EPS) of South Indian Bank Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2817.84 | 2804.07 | 2636.23 | 0.5% | 6.9% |
Total Expenses | 2288.82 | 2253.72 | 2152.74 | 1.6% | 6.3% |
Provisions & contingencies | 66.09 | 110.01 | 48.54 | -39.9% | 36.2% |
Profit Before Tax | 462.93 | 440.34 | 434.95 | 5.1% | 6.4% |
Tax | 120.93 | 115.55 | 129.57 | 4.7% | -6.7% |
Profit After Tax | 342.00 | 324.79 | 305.38 | 5.3% | 12.0% |
Earnings Per Share | 1.30 | 1.20 | 1.50 | 8.3% | -13.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
South Indian Bank Ltd is a prominent financial institution primarily engaged in banking services. It operates within the banking sector, providing a wide range of financial products and services to its customers. These include retail and corporate banking services, loans, deposits, and other related financial services. The bank is well-established in the Indian market and has a significant customer base that it services through numerous branches and digital platforms. As of the latest available data, there are no specific recent major developments provided for South Indian Bank Ltd.
Revenue
During the third quarter of the fiscal year 2025, South Indian Bank Ltd reported a total income of ₹2817.84 crores. This represents a marginal quarter-over-quarter (QoQ) increase of 0.5% compared to the previous quarter, Q2FY25, where total income stood at ₹2804.07 crores. Year-over-year (YoY), the total income increased by 6.9% from ₹2636.23 crores in Q3FY24. This growth in revenue highlights a steady increase in the bank's income over both the quarterly and annual periods.
Profitability
For Q3FY25, the bank's profit before tax was reported at ₹462.93 crores, marking a 5.1% increase QoQ from ₹440.34 crores in Q2FY25 and a 6.4% increase YoY from ₹434.95 crores in Q3FY24. The profit after tax for the same period was ₹342.00 crores, which rose by 5.3% QoQ from ₹324.79 crores and by 12.0% YoY from ₹305.38 crores. The tax expense for the quarter was ₹120.93 crores, showing a slight increase of 4.7% QoQ but a decrease of 6.7% YoY. The earnings per share (EPS) for Q3FY25 was ₹1.30, reflecting an 8.3% QoQ increase, although it showed a YoY decline of 13.3% from ₹1.50 in Q3FY24.
Operating Metrics
In terms of operating metrics, the company reported total expenses of ₹2288.82 crores for Q3FY25, which increased by 1.6% QoQ from ₹2253.72 crores in Q2FY25 and by 6.3% YoY from ₹2152.74 crores in Q3FY24. Provisions and contingencies saw a significant decrease of 39.9% QoQ, reducing from ₹110.01 crores in the previous quarter to ₹66.09 crores in Q3FY25. However, this metric increased by 36.2% YoY compared to ₹48.54 crores in Q3FY24. These figures demonstrate fluctuations in the bank's operating costs and provisioning activities over the periods considered.
