South Indian Bank shares jumped nearly 4% on Thursday after the Kerala-based lender reported a 19% rise in net profit for the fourth quarter ended March 31, 2025.
The stock closed 3.81% higher at ₹27.77 on the BSE. During the day, it jumped 4.18% to an intraday high of ₹27.87.
South Indian Bank on Thursday reported a 19% rise in net profit to ₹342 crore in the March quarter. The bank had posted a net profit of ₹288 crore in the same period last year.
Total income during the March quarter of FY 2024-25 rose to ₹2,946 crore from ₹2,621 crore in the March quarter of FY 2024. For the full year 2024-25, South Indian Bank reported a 22% rise in net profit to ₹1,303 crore.
Net profit in FY24 was ₹1,070 crore. 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 same period last year. The bank’s gross non-performing assets (NPA) stood at 3.2% in the fourth quarter from 4.3% in the third quarter of FY 25.
Net NPA for the quarter stood at 0.92%, down from 1.25% in the previous quarter. In its Q4 business update, South Indian Bank reported gross advances of ₹88,447 crore, representing a growth of nearly 10% from ₹80,426 crore in the year-ago period. Retail deposits grew 7.44% to ₹1.05 lakh crore as against ₹1.01 lakh crore in Q4 FY24.
Current account savings account (CASA) deposits grew 3.17% to ₹33,730 crore in Q4 FY24 from ₹32,693 crore a year ago. However, the CASA ratio declined to 31.37% in the March quarter from 32.08% in the same period last year.
The bank declared a dividend of ₹0.40 per equity share for Q4 FY2024-25, distributing a total of ₹104.65 crore to shareholders. South Indian Bank shares closed 3.92% higher at ₹ 27.80 on NSE.
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