The South Indian Bank Limited has informed the Exchange regarding a press release dated May 15, 2025, titled "South Indian Bank Sets History Yet Again with a Record Net Profit of Rs. 1303 Crore and recommends Dividend of 40%".
SOUTHBANK · price
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Awaiting price reaction for this filing.
South Indian Bank reported its highest-ever net profit of Rs. 1,302.88 Cr for FY25, up 21.75% from Rs. 1,070.08 Cr in FY24. Total business crossed Rs. 1.95 lakh Cr for the first time. Operating profit grew 21.55% to Rs. 2,270.08 Cr, while net interest income rose 4.61% to Rs. 3,485.64 Cr. Asset quality improved sharply with Gross NPA falling 130 basis points to 3.20% and Net NPA dropping 54 basis points to 0.92% (below 1%). The Board has recommended a 40% dividend subject to shareholder approval. Gross advances grew 8.89% to Rs. 87,578 Cr, with housing loans surging 54.97% and gold loans up 9.47%. For Q4 alone, net profit rose 18.99% to Rs. 342.19 Cr.
Strong all-round performance with record profits, improved asset quality, and a healthy dividend announcement is likely to be viewed positively by investors. Falling NPAs below 1% and best-in-20-years return on assets signal a turnaround story that could support the stock price and investor confidence.