South Ind.Bank

Market Cap: Mid Cap
Industry: Bank - Private
ISIN: INE683A01023
NSEID: SOUTHBANK
BSEID: 532218

INR

23.77

0.42 (1.8%)

BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 45.2 lacs

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Annual Results

Results Snapshot

Figures in Rs cr

Standalone Annual Results

Mar'24

Mar'23

Mar'22

Mar'21

Mar'20

Mar'19

Mar'18

Interest Earned

8,612.80

7,233.18

6,586.54

7,305.45

7,763.80

6,876.52

6,192.81

Income On Investments

1,551.61

1,285.73

1,039.81

1,309.00

1,391.06

1,286.14

1,269.50

Interest On Balances With Rbi Other Inter Bank Funds

87.64

132.10

333.73

47.85

39.97

35.52

19.07

Interest / Discount On Advances / Bills

6,891.04

5,712.15

5,069.34

5,767.63

6,159.17

5,396.44

4,769.18

Others

82.51

103.20

143.66

180.97

173.60

158.42

135.06

Other Income

1,515.52

812.63

1,034.10

1,185.48

1,045.75

726.21

837.25

Total Income

10,128.32

8,045.81

7,620.64

8,490.93

8,809.55

7,602.73

7,030.06

Interest Expended

5,280.75

4,221.10

4,346.78

4,898.54

5,446.30

4,856.82

4,227.29

Net Interest Income

3,332.05

3,012.08

2,239.76

2,406.91

2,317.50

2,019.70

1,965.52

Total Expenditure (Excl Depreciation)

2,979.90

2,317.38

2,026.29

1,974.48

1,717.61

1,506.93

1,321.98

Employee Cost

1,692.85

1,300.36

1,197.89

1,228.36

941.35

821.43

713.22

Other Operating Expenses

1,287.05

1,017.02

828.40

746.12

776.26

685.50

608.76

Operating Profit Before Provisions and Contingencies

1,867.67

1,507.33

1,247.57

1,617.91

1,645.64

1,238.98

1,480.79

Exceptional Items

0.00

Provisions and contingencies

338.92

399.12

1,339.56

1,531.25

1,496.09

858.48

980.90

Profit Before Tax

1,528.75

1,108.21

-91.99

86.66

149.55

380.50

499.89

Tax

458.67

333.12

-136.97

24.75

44.96

132.97

165.00

Profit After Tax

1,070.08

775.09

44.98

61.91

104.59

247.53

334.89

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,070.08

775.09

44.98

61.91

104.59

247.53

334.89

Face Value

1.0

Reserves

8,215.27

6,113.00

5,330.97

5,280.90

4,972.73

4,915.77

4,820.02

Earnings per share (EPS)

4.09

3.4

0.21

0.3

0.58

1.26

1.7

Diluted Earnings per share

5.09

3.4

0.21

0.34

0.58

1.26

1.7

Operating Profit Margin (Excl OI)

61.47%

62.44%

48.9%

52.01%

58.61%

65.6%

62.81%

Gross Profit Margin

17.75%

15.32%

-1.4%

1.19%

1.93%

5.53%

8.07%

PAT Margin

12.42%

10.72%

0.68%

0.85%

1.35%

3.6%

5.41%

Net Interest Margin

3.31%

3.3%

2.62%

2.71%

2.7%

2.62%

2.84%

Return on Assets

0.0%

CASA (%)

32.08%

32.98%

33.21%

29.73%

25.0%

24.21%

23.8%

CASA Amount

32,693.00

30,227.00

29,601.00

24,590.00

20,760.00

19,467.00

17,142.00

Capital Adequacy Ratio (Total)

19.91%

17.25%

15.68%

15.42%

13.41%

12.61%

12.7%

Capital Adequacy Ratio (Tier 1)

17.65%

14.74%

13.22%

12.8%

10.8%

10.0%

10.4%

Provision Coverage Ratio (%)

79.1%

76.78%

69.55%

58.71%

54.2%

42.5%

41.2%

Amount of Gross NPAs

3,620.34

3,708.26

3,648.09

4,143.24

3,261.77

3,131.67

1,980.30

Amount of Net NPAs

1,134.58

1,293.61

1,777.77

2,734.52

2,150.78

2,163.62

1,415.80

% of Net NPAs

1.46%

1.86%

2.97%

4.71%

3.34%

3.45%

2.6%

% of Gross NPAs

4.5%

5.14%

5.9%

6.97%

4.98%

4.92%

3.59%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Pledged Capital (%)

0.0%

Number of ATMs

1321.0

1289.0

1270.0

1315.0

1424.0

1406.0

1382.0

Number of Branches

955.0

940.0

929.0

884.0

929.0

870.0

854.0

Annual Analysis Highlights

Interest Earned

YoY Growth in year ended Mar 2024 is 19.07% vs 9.82% in Mar 2023

Net Profit

YoY Growth in year ended Mar 2024 is 38.06% vs 1,623.19% in Mar 2023

Operating Profit (PBDIT)

YoY Growth in year ended Mar 2024 is 23.91% vs 20.82% in Mar 2023

% of Net NPAs

YoY Growth in year ended Mar 2024 is -0.40% vs -1.11% in Mar 2023

% of Gross NPAs

YoY Growth in year ended Mar 2024 is -0.64% vs -0.76% in Mar 2023

Compare Annual Results Of South Ind.Bank With

Select Peers

Figures in Rs cr

Standalone Annual Results

Change(INR)

Change(%)

Interest Earned

8,612.80

27,585.94

-18,973.14

-68.78%

Income On Investments

1,551.61

4,958.26

-3,406.65

-68.71%

Interest On Balances With Rbi Other Inter Bank Funds

87.64

458.40

-370.76

-80.88%

Interest / Discount On Advances / Bills

6,891.04

21,087.49

-14,196.45

-67.32%

Others

82.51

1,081.79

-999.28

-92.37%

Other Income

1,515.52

5,114.30

-3,598.78

-70.37%

Total Income

10,128.32

32,700.24

-22,571.92

-69.03%

Interest Expended

5,280.75

19,491.32

-14,210.57

-72.91%

Net Interest Income

3,332.05

8,094.62

-4,762.57

-58.84%

Total Expenditure (Excl Depreciation)

2,979.90

9,822.66

-6,842.76

-69.66%

Employee Cost

1,692.85

3,774.28

-2,081.43

-55.15%

Other Operating Expenses

1,287.05

6,048.38

-4,761.33

-78.72%

Operating Profit Before Provisions and Contingencies

1,867.67

3,386.26

-1,518.59

-44.85%

Exceptional Items

0.00

Provisions and contingencies

338.92

1,886.28

-1,547.36

-82.03%

Profit Before Tax

1,528.75

1,499.98

28.77

1.92%

Tax

458.67

248.90

209.77

84.28%

Profit After Tax

1,070.08

1,251.08

-181.00

-14.47%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,070.08

1,251.08

-181.00

-14.47%

Face Value

1.00

2.00

0.00

Reserves

8,215.27

35,443.42

-27,228.15

-76.82%

Earnings per share (EPS)

4.09

0.43

3.66

851.16%

Diluted Earnings per share

5.09

0.43

4.66

1083.72%

Operating Profit Margin (Excl OI)

61.47%

57.55%

0.00

3.92%

Gross Profit Margin

17.75%

5.44%

0.00

12.31%

PAT Margin

12.42%

4.54%

0.00

7.88%

Net Interest Margin

3.31%

2.40%

0.91

0.91%

Return on Assets

0.00%

0.00

0.00%

CASA (%)

32.08%

30.90%

1.18

1.18%

CASA Amount

32,693.00

82,317.00

-49,624.00

-60.28%

Capital Adequacy Ratio (Total)

19.91%

15.40%

4.51

4.51%

Capital Adequacy Ratio (Tier 1)

17.65%

12.20%

5.45

5.45%

Provision Coverage Ratio (%)

79.10%

79.30%

-0.20

-0.20%

Amount of Gross NPAs

3,620.34

3,982.56

-362.22

-9.1%

Amount of Net NPAs

1,134.58

1,329.73

-195.15

-14.68%

% of Net NPAs

1.46%

0.60%

0.86

0.86%

% of Gross NPAs

4.50%

1.70%

2.80

2.80%

Public Share Holdings (%)

0.00%

0.00

0.00%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Pledged Capital (%)

0.00%

0.00

0.00%

Number of ATMs

1,321.00

1,290.00

31.00

2.4%

Number of Branches

955.00

1,234.00

-279.00

-22.61%

Annual - Interest Earned

Interest Earned 8612.8 Cr

in Mar 2024

Figures in Rs Cr

YoY Growth in year ended Mar 2024 is 19.07% vs 9.82% in Mar 2023

Annual - Net Profit

Net Profit 1,070.08 Cr

in Mar 2024

Figures in Rs Cr

YoY Growth in year ended Mar 2024 is 38.06% vs 1,623.19% in Mar 2023

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 1,867.67 Cr

in Mar 2024

Figures in Rs Cr

YoY Growth in year ended Mar 2024 is 23.91% vs 20.82% in Mar 2023

Annual - % of Net NPAs

% of Net NPAs 1.46%

in Mar 2024

Figures in Rs %

YoY Growth in year ended Mar 2024 is -0.40% vs -1.11% in Mar 2023

Annual - % of Gross NPAs

% of Gross NPAs 4.50%

in Mar 2024

Figures in Rs %

YoY Growth in year ended Mar 2024 is -0.64% vs -0.76% in Mar 2023