South Indian Bank declared net profit of Rs. 1302.88 Cr for the FY 24-25

 

South Indian Bank declared net profit of Rs. 1302.88 Cr for the FY 24-25 registering a growth of 21.75% compared to Rs.1070.08 Cr in FY 23-24.

 

While declaring the results Mr. Seshadri, MD & CEO added that, the bank achieved its highest ever performance in the following areas.

 

 

·         Highest ever business of Rs. 1,95,104.12 Cr in the history of the Bank

·         Highest ever net profit of Rs. 1,302.88 Cr in the history of the Bank

·         Highest ever operating profit of Rs.2,270.08 Cr in the history of the Bank

·         Highest ever other income of Rs.1,813.43 Cr in the history of the Bank

·         Highest ever net interest income of Rs. 3,485.64 Cr in the history of the Bank

·         Highest ever Provision Coverage Ratio (including write off) of 85.03%

·         Highest Return on Assets of 1.05% in the last 20 years

·         Highest Return on Equity of 12.90% in the last 11 years

·         Reduced Net NPA of less than 1%.

 

Key Highlights

 

• Operating profit of the year increased by 21.55% from Rs. 1,867.67 Cr in FY 24 to Rs. 2,270.08 Cr in FY 25
• GNPA is down by 130 bps from 4.50% to 3.20 % on Y-o-Y basis.
• NNPA decreased by 54 bps from 1.46% to 0.92% on Y-o-Y basis.

·  PCR including write off increased by 593 bps from 79.10% to 85.03% Y-o-Y basis.

·  PCR excl. write off increased by 310 bps from 68.66% to 71.77% Y-o-Y basis.

·  The Board of directors had recommended 40% dividend subject to approval of the Share Holders in AGM.