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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Nine Monthly Results

Results Snapshot

Figures in Rs cr

Standalone Nine Monthly Results

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Interest Earned

7,039.87

6,338.13

5,260.22

4,951.11

5,597.68

5,816.13

5,085.58

Income On Investments

1,205.57

1,144.52

941.55

766.35

993.02

1,043.39

958.03

Interest On Balances With Rbi Other Inter Bank Funds

127.88

66.41

113.07

258.18

32.41

32.95

24.43

Interest / Discount On Advances / Bills

5,614.87

5,070.05

4,122.84

3,814.94

4,430.82

4,614.10

3,983.63

Others

91.55

57.15

82.76

111.64

141.43

125.69

119.49

Other Income

1,318.41

1,169.49

467.26

769.76

795.00

651.54

490.56

Total Income

8,358.28

7,507.62

5,727.48

5,720.87

6,392.68

6,467.67

5,576.14

Interest Expended

4,422.56

3,880.75

3,105.32

3,309.09

3,751.29

4,094.39

3,565.24

Net Interest Income

2,617.31

2,457.38

2,154.90

1,642.02

1,846.39

1,721.74

1,520.34

Total Expenditure (Excl Depreciation)

2,348.95

2,192.74

1,676.38

1,512.54

1,446.28

1,261.06

1,099.47

Employee Cost

1,254.90

1,280.18

971.12

911.68

914.46

696.34

609.52

Other Operating Expenses

1,094.05

912.56

705.26

600.86

531.82

564.72

489.95

Operating Profit Before Provisions and Contingencies

1,586.77

1,434.13

945.78

899.24

1,195.11

1,112.22

911.43

Exceptional Items

0.00

Provisions and contingencies

289.00

298.30

360.13

1,201.46

1,118.96

772.29

639.33

Profit Before Tax

1,297.77

1,135.83

585.65

-302.22

76.15

339.93

272.10

Tax

337.08

353.31

144.45

-75.16

21.03

91.65

95.08

Profit After Tax

960.69

782.52

441.20

-227.06

55.12

248.28

177.02

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

960.69

782.52

441.20

-227.06

55.12

248.28

177.02

Face Value

1.0

Reserves

0.00

Operating Profit Margin (Excl OI)

66.63%

65.4%

68.13%

69.45%

74.16%

78.32%

78.38%

Gross Profit Margin

0.0%

PAT Margin

13.65%

12.35%

8.39%

-4.59%

0.98%

4.27%

3.48%

Net Interest Margin

3.19%

3.52%

2.64%

2.72%

2.66%

Return on Assets

0.0%

CASA (%)

31.15%

31.8%

33.81%

32.0%

27.93%

25.2%

24.3%

CASA Amount

32,830.00

31,529.00

30,660.00

28,229.00

23,332.00

21,422.00

18,906.00

Capital Adequacy Ratio (Total)

18.0%

15.6%

16.25%

15.68%

14.47%

12.02%

11.81%

Capital Adequacy Ratio (Tier 1)

16.68%

13.37%

13.71%

12.72%

11.6%

9.6%

9.7%

Provision Coverage Ratio (%)

81.07%

77.97%

74.51%

68.1%

72.0%

50.4%

41.17%

Amount of Gross NPAs

3,735.56

3,682.40

3,843.57

3,883.01

3,103.45

3,243.69

2,930.00

Amount of Net NPAs

1,056.11

1,212.34

1,529.90

2,018.75

1,305.03

2,211.88

2,099.67

% of Net NPAs

1.25%

1.61%

2.26%

3.52%

2.12%

3.44%

3.54%

% of Gross NPAs

4.3%

4.74%

5.48%

6.56%

4.9%

4.96%

4.88%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Pledged Capital (%)

0.0%

Number of ATMs

1280.0

1315.0

1277.0

1293.0

1443.0

1401.0

1407.0

Number of Branches

950.0

948.0

928.0

925.0

877.0

923.0

857.0

Nine Monthly Analysis Highlights

Interest Earned

YoY Growth in nine months ended Dec 2024 is 11.07% vs 20.49% in Dec 2023

Net Profit

YoY Growth in nine months ended Dec 2024 is 22.77% vs 77.36% in Dec 2023

Operating Profit (PBDIT)

YoY Growth in nine months ended Dec 2024 is 10.64% vs 51.63% in Dec 2023

% of Net NPAs

YoY Growth in nine months ended Dec 2024 is -0.36% vs -0.65% in Dec 2023

% of Gross NPAs

YoY Growth in nine months ended Dec 2024 is -0.44% vs -0.74% in Dec 2023

Compare Nine Monthly Results Of South Ind.Bank With

Select Peers

Figures in Rs cr

Standalone Nine Monthly Results

Change(INR)

Change(%)

Interest Earned

7,039.87

23,278.78

-16,238.91

-69.76%

Income On Investments

1,205.57

4,354.90

-3,149.33

-72.32%

Interest On Balances With Rbi Other Inter Bank Funds

127.88

291.40

-163.52

-56.12%

Interest / Discount On Advances / Bills

5,614.87

17,464.10

-11,849.23

-67.85%

Others

91.55

1,168.38

-1,076.83

-92.16%

Other Income

1,318.41

4,117.60

-2,799.19

-67.98%

Total Income

8,358.28

27,396.38

-19,038.10

-69.49%

Interest Expended

4,422.56

16,610.78

-12,188.22

-73.38%

Net Interest Income

2,617.31

6,668.00

-4,050.69

-60.75%

Total Expenditure (Excl Depreciation)

2,348.95

7,846.02

-5,497.07

-70.06%

Employee Cost

1,254.90

2,991.59

-1,736.69

-58.05%

Other Operating Expenses

1,094.05

4,854.43

-3,760.38

-77.46%

Operating Profit Before Provisions and Contingencies

1,586.77

2,939.58

-1,352.81

-46.02%

Exceptional Items

0.00

Provisions and contingencies

289.00

767.55

-478.55

-62.35%

Profit Before Tax

1,297.77

2,172.03

-874.26

-40.25%

Tax

337.08

504.29

-167.21

-33.16%

Profit After Tax

960.69

1,667.74

-707.05

-42.4%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

960.69

1,667.74

-707.05

-42.4%

Face Value

1.00

2.00

0.00

Reserves

0.00

PAT Margin

13.65%

7.16%

0.00

6.49%

Net Interest Margin

3.19%

2.40%

0.79

0.79%

Return on Assets

0.00%

0.00

0.00%

CASA (%)

31.15%

33.10%

-1.95

-1.95%

CASA Amount

32,830.00

91,650.00

-58,820.00

-64.18%

Capital Adequacy Ratio (Total)

18.00%

15.20%

2.80

2.80%

Capital Adequacy Ratio (Tier 1)

16.68%

12.59%

4.09

4.09%

Provision Coverage Ratio (%)

81.07%

71.20%

9.87

9.87%

Amount of Gross NPAs

3,735.56

3,963.47

-227.91

-5.75%

Amount of Net NPAs

1,056.11

1,142.62

-86.51

-7.57%

% of Net NPAs

1.25%

0.50%

0.75

0.75%

% of Gross NPAs

4.30%

1.60%

2.70

2.70%

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

1,280.00

1,326.00

-46.00

-3.47%

Number of Branches

950.00

1,247.00

-297.00

-23.82%

Nine Monthly - Interest Earned

Interest Earned 7039.87 Cr

in Dec 2024

Figures in Rs Cr

YoY Growth in nine months ended Dec 2024 is 11.07% vs 20.49% in Dec 2023

Nine Monthly - Net Profit

Net Profit 960.69 Cr

in Dec 2024

Figures in Rs Cr

YoY Growth in nine months ended Dec 2024 is 22.77% vs 77.36% in Dec 2023

Nine Monthly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 1,586.77 Cr

in Dec 2024

Figures in Rs Cr

YoY Growth in nine months ended Dec 2024 is 10.64% vs 51.63% in Dec 2023

Nine Monthly - % of Net NPAs

% of Net NPAs 1.25%

in Dec 2024

Figures in Rs %

YoY Growth in nine months ended Dec 2024 is -0.36% vs -0.65% in Dec 2023

Nine Monthly - % of Gross NPAs

% of Gross NPAs 4.30%

in Dec 2024

Figures in Rs %

YoY Growth in nine months ended Dec 2024 is -0.44% vs -0.74% in Dec 2023