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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Quarterly Results

Results Snapshot

YoYQoQ

Figures in Rs cr

Standalone Quarterly Results

Dec'24

Sep'24

Jun'24

Mar'24

Dec'23

Sep'23

Jun'23

Interest Earned

2,370.74

2,354.72

2,314.41

2,274.67

2,184.09

2,129.00

2,025.04

Income On Investments

404.10

393.41

408.06

407.09

398.71

385.18

360.63

Interest On Balances With Rbi Other Inter Bank Funds

46.40

52.01

29.47

21.23

18.99

26.49

20.93

Interest / Discount On Advances / Bills

1,895.39

1,878.03

1,841.45

1,820.99

1,746.85

1,698.91

1,624.29

Others

24.85

31.27

35.43

25.36

19.54

18.42

19.19

Other Income

447.22

449.47

421.72

346.03

452.41

355.77

361.31

Total Income

2,817.96

2,804.19

2,736.13

2,620.70

2,636.50

2,484.77

2,386.35

Interest Expended

1,501.48

1,472.44

1,448.64

1,400.00

1,365.06

1,298.42

1,217.27

Net Interest Income

869.26

882.28

865.77

874.67

819.03

830.58

807.77

Total Expenditure (Excl Depreciation)

787.64

781.50

779.81

787.16

787.99

725.91

678.84

Employee Cost

414.93

421.30

418.67

412.67

459.58

417.63

402.97

Other Operating Expenses

372.71

360.20

361.14

374.49

328.41

308.28

275.87

Operating Profit Before Provisions and Contingencies

528.84

550.25

507.68

433.54

483.45

460.44

490.24

Exceptional Items

0.00

Provisions and contingencies

66.04

110.01

112.95

40.62

48.55

51.25

198.50

Profit Before Tax

462.80

440.24

394.73

392.92

434.90

409.19

291.74

Tax

120.93

115.55

100.60

105.36

129.54

134.38

89.39

Profit After Tax

341.87

324.69

294.13

287.56

305.36

274.81

202.35

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

341.87

324.69

294.13

287.56

305.36

274.81

202.35

Face Value

1.0

Reserves

0.00

Earnings per share (EPS)

1.31

1.24

1.12

1.1

1.34

1.21

0.97

Diluted Earnings per share

1.31

1.24

1.12

1.35

1.34

1.2

0.97

Operating Profit Margin (Excl OI)

63.99%

62.14%

61.43%

63.61%

61.7%

63.5%

56.68%

Gross Profit Margin

19.52%

18.7%

17.06%

17.27%

19.91%

19.22%

14.41%

PAT Margin

14.42%

13.79%

12.71%

12.64%

13.98%

12.91%

9.99%

Net Interest Margin

3.19%

3.24%

3.26%

3.38%

3.19%

3.31%

3.34%

Return on Assets

0.0%

CASA (%)

31.15%

31.8%

32.06%

32.08%

31.8%

32.03%

32.64%

CASA Amount

32,830.00

33,531.00

33,195.00

32,693.00

31,529.00

31,100.00

31,167.00

Capital Adequacy Ratio (Total)

18.0%

18.04%

18.11%

19.91%

15.6%

16.69%

16.49%

Capital Adequacy Ratio (Tier 1)

16.68%

16.63%

16.71%

17.65%

13.37%

14.22%

14.04%

Provision Coverage Ratio (%)

81.07%

80.72%

79.22%

79.1%

77.97%

77.82%

76.54%

Amount of Gross NPAs

3,735.56

3,731.31

3,719.87

3,620.34

3,682.40

3,713.87

3,803.87

Amount of Net NPAs

1,056.11

1,073.10

1,151.46

1,134.58

1,212.34

1,234.00

1,325.74

% of Net NPAs

1.25%

1.31%

1.44%

1.46%

1.61%

1.7%

1.85%

% of Gross NPAs

4.3%

4.4%

4.5%

4.74%

4.96%

5.13%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Pledged Capital (%)

0.0%

Number of ATMs

1280.0

1285.0

1298.0

1321.0

1315.0

1310.0

1296.0

Number of Branches

950.0

955.0

948.0

944.0

941.0

Quarterly Analysis Highlights - QoQ

Interest Earned

QoQ Growth in quarter ended Dec 2024 is 0.68% vs 1.74% in Sep 2024

Net Profit

QoQ Growth in quarter ended Dec 2024 is 5.29% vs 10.39% in Sep 2024

Operating Profit (PBDIT)

QoQ Growth in quarter ended Dec 2024 is -3.89% vs 8.39% in Sep 2024

% of Net NPAs

QoQ Growth in quarter ended Dec 2024 is -0.06% vs -0.13% in Sep 2024

% of Gross NPAs

QoQ Growth in quarter ended Dec 2024 is -0.10% vs -0.10% in Sep 2024

Compare Quarterly Results Of South Ind.Bank With

Select Peers

Figures in Rs cr

Standalone Quarterly Results

Change(INR)

Change(%)

Interest Earned

2,370.74

7,829.14

-5,458.40

-69.72%

Income On Investments

404.10

1,416.82

-1,012.72

-71.48%

Interest On Balances With Rbi Other Inter Bank Funds

46.40

120.48

-74.08

-61.49%

Interest / Discount On Advances / Bills

1,895.39

5,904.92

-4,009.53

-67.9%

Others

24.85

386.92

-362.07

-93.58%

Other Income

447.22

1,512.01

-1,064.79

-70.42%

Total Income

2,817.96

9,341.15

-6,523.19

-69.83%

Interest Expended

1,501.48

5,605.62

-4,104.14

-73.21%

Net Interest Income

869.26

2,223.52

-1,354.26

-60.91%

Total Expenditure (Excl Depreciation)

787.64

2,656.51

-1,868.87

-70.35%

Employee Cost

414.93

1,003.87

-588.94

-58.67%

Other Operating Expenses

372.71

1,652.64

-1,279.93

-77.45%

Operating Profit Before Provisions and Contingencies

528.84

1,079.02

-550.18

-50.99%

Exceptional Items

0.00

Provisions and contingencies

66.04

258.68

-192.64

-74.47%

Profit Before Tax

462.80

820.34

-357.54

-43.58%

Tax

120.93

208.07

-87.14

-41.88%

Profit After Tax

341.87

612.27

-270.40

-44.16%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

341.87

612.27

-270.40

-44.16%

Face Value

1.00

2.00

0.00

Reserves

0.00

Earnings per share (EPS)

1.31

0.20

1.11

555.0%

Diluted Earnings per share

1.31

0.19

1.12

589.47%

Operating Profit Margin (Excl OI)

63.99%

62.76%

0.00

1.23%

Gross Profit Margin

19.52%

10.48%

0.00

9.04%

PAT Margin

14.42%

7.82%

0.00

6.60%

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%

Quarterly - Interest Earned

Interest Earned 2370.74 Cr

in Dec 2024

Figures in Rs Cr

QoQ Growth in quarter ended Dec 2024 is 0.68% vs 1.74% in Sep 2024

YoY Growth in quarter ended Dec 2024 is 8.55% vs 15.06% in Dec 2023

Quarterly - Net Profit

Net Profit 341.87 Cr

in Dec 2024

Figures in Rs Cr

QoQ Growth in quarter ended Dec 2024 is 5.29% vs 10.39% in Sep 2024

YoY Growth in quarter ended Dec 2024 is 11.96% vs 197.19% in Dec 2023

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 528.84 Cr

in Dec 2024

Figures in Rs Cr

QoQ Growth in quarter ended Dec 2024 is -3.89% vs 8.39% in Sep 2024

YoY Growth in quarter ended Dec 2024 is 9.39% vs 137.87% in Dec 2023

Quarterly - % of Net NPAs

% of Net NPAs 1.25%

in Dec 2024

Figures in Rs %

QoQ Growth in quarter ended Dec 2024 is -0.06% vs -0.13% in Sep 2024

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

Quarterly - % of Gross NPAs

% of Gross NPAs 4.30%

in Dec 2024

Figures in Rs %

QoQ Growth in quarter ended Dec 2024 is -0.10% vs -0.10% in Sep 2024

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