The South Indian Bank Limited has informed the Outcome of the Board Meeting - Submission of Audited Financial Results (Standalone and Consolidated) for the quarter/financial year ended 31st March, 2025, and recommendation of Dividend for the Financial Year 2024-25.
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The South Indian Bank submitted its audited Q4 and full-year FY25 results (standalone and consolidated), along with an unmodified (clean) opinion from its Joint Statutory Auditors. Standalone net profit for FY25 rose about 22% year-on-year to Rs. 1,302.88 crore from Rs. 1,070.08 crore, while total income grew roughly 10.8% to Rs. 11,226.74 crore. Asset quality improved sharply, with Gross NPA falling to 3.20% (from 4.50%) and Net NPA to 0.92% (from 1.46%), and Capital Adequacy Ratio stayed healthy at 19.31%. The Board recommended a higher dividend of Rs. 0.40 per share (40%), up from Rs. 0.30 (30%) in the previous year, subject to shareholder approval. One of the two Joint Statutory Auditors was changed, with M.P. Chitale & Co replacing CNK & Associates LLP alongside continuing auditor K Venkatachalam Aiyer & Co. Operating cash flow, however, turned negative at about Rs. (2,011) crore versus a positive Rs. 707 crore last year, mainly due to higher investments and lower deposit growth.
Higher dividend, double-digit profit growth, and significant NPA improvement are positive signals for shareholders. However, the sharp swing into negative operating cash flow and the change in joint statutory auditor may draw investor attention and warrant monitoring in coming quarters.