South Indian Bank Q4 | Net profit up 19%, asset quality improves

Shares of South Indian Bank declined sharply after the lender reported its fourth quarter earnings on Thursday, May 15.

The lender reported a net profit of ₹342.2 crore in the March quarter. This was up 19% from ₹287.6 crore it reported in the fourth quarter of the last financial year.

South Indian Bank's net interest income (NII) declined 0.7% to ₹868.3 crore in the March quarter from ₹874.4 crore in the year-ago period.

Its gross non-performing assets (NPA) was at 3.2% in the fourth quarter. The same was 4.3% in the third quarter of the financial year 2025.

South Indian Bank's net NPA for the fourth quarter was at 0.92% in comparison to 1.25% in the previous quarter.

South Indian Bank in its fourth quarter business update reported gross advances of 88,447 crore, which was nearly 10% more than the 80,426 crore in the year-ago period.

Its retail deposit increased 7.44% to 1.05 lakh crore from 1.01 lakh crore in the fourth quarter of FY24.

Its current account savings account (CASA) deposits increased 3.17% to 33,730 crore in the fourth quarter from 32,693 crore in the year-ago period.

The lender's CASA ratio was at 31.37% in the March quarter from 32.08% in the year-ago period.

Shares of South Indian Bank gained nearly 1% as soon as the results were announced, but declined sharply soon after. The stock was down nearly 2% from its day's high of ₹27.25 apiece. The stock was trading 0.07% lower at ₹26.73 apiece at 2.20 pm.

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