The South Indian Bank Limited has informed the Exchange about Transcript
SOUTHBANK · price
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South Indian Bank reported FY25 net profit of Rs. 1,303 crore, up 22% year-on-year, with Q4 net profit at Rs. 342 crore. Total deposits grew 6% to Rs. 1,07,526 crore and gross advances grew 9% to Rs. 87,579 crore (10% adjusted for Rs. 900 crore technical write-off). Asset quality improved significantly with gross NPA falling 130 basis points to 3.2% and net NPA falling 54 basis points to 0.92%. The bank carried a healthy 19.31% capital adequacy ratio. Management guided for north of 12% loan growth and north of 10% deposit growth in FY26, with retail/MSME as the primary growth engines, while expecting NIM pressure in the first half of FY26 due to adverse interest rate movement.
Shareholders get clarity on a clean balance sheet post-Rs. 900 crore write-off, strong 22% profit growth, and improving asset quality. However, the cautious tone on near-term NIMs and ROA guidance of around 1% suggests margin headwinds in H1 FY26, though management sees recovery toward 1.15-1.2% ROA as the rate cycle eases and retail/MSME mix improves.