South Indian Bank's Q3 FY 2025-26 Quarterly Results
- 4d ago
Result Summary
- South Indian Bank Ltd reported a 2.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 6.6%.
- Its expenses for the quarter were up by 1.3% QoQ and 5.7% YoY.
- The net profit increased 6.5% QoQ and increased 9.5% YoY.
- The earnings per share (EPS) of South Indian Bank Ltd stood at 1.43 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 3003.26 | 2922.57 | 2817.84 | 2.8% | 6.6% |
Total Expenses | 2418.69 | 2386.72 | 2288.82 | 1.3% | 5.7% |
Provisions & contingencies | 80.41 | 63.27 | 66.09 | 27.1% | 21.7% |
Profit Before Tax | 504.16 | 472.58 | 462.93 | 6.7% | 8.9% |
Tax | 129.68 | 120.99 | 120.93 | 7.2% | 7.2% |
Profit After Tax | 374.48 | 351.59 | 342.00 | 6.5% | 9.5% |
Earnings Per Share | 1.43 | 1.34 | 1.31 | 6.7% | 9.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
South Indian Bank Ltd is a prominent financial institution in India, primarily engaged in providing a wide range of banking services. These services include personal banking, corporate banking, and international banking, catering to a diverse clientele. The bank is part of the Indian banking industry, which is characterized by a mix of public and private sector banks, offering competitive financial products. As of my last update, detailed recent developments specific to South Indian Bank Ltd are not available. It is important for stakeholders to refer to the bank's official communications for the latest updates on its strategic initiatives or any major corporate announcements.
Revenue
In Q3 FY26, South Indian Bank Ltd reported a total income of ₹3003.26 crores, marking a 2.8% increase from the previous quarter (Q2 FY26) where the total income was ₹2922.57 crores. This signifies a growth in revenue generation on a quarter-over-quarter basis. Furthermore, when compared to the same quarter in the previous fiscal year (Q3 FY25), the income has risen by 6.6% from ₹2817.84 crores. The consistent year-over-year growth in total income suggests an upward trajectory in the bank's revenue streams over the past year.
Profitability
The profitability of South Indian Bank Ltd has shown positive momentum in Q3 FY26. The profit before tax was recorded at ₹504.16 crores, which is a 6.7% increase from ₹472.58 crores in Q2 FY26. Comparing year-over-year, there is an 8.9% increase from ₹462.93 crores in Q3 FY25. The profit after tax rose to ₹374.48 crores in Q3 FY26, up by 6.5% from the previous quarter and 9.5% from the same period last year. Additionally, the earnings per share (EPS) in Q3 FY26 stood at ₹1.43, reflecting a growth of 6.7% quarter-over-quarter and 9.2% year-over-year, indicating improved profitability per share.
Operating Metrics
The operating expenses of South Indian Bank Ltd have also seen a moderate increase. Total expenses in Q3 FY26 were ₹2418.69 crores, which is a 1.3% rise from ₹2386.72 crores in Q2 FY26 and a 5.7% increase from ₹2288.82 crores in Q3 FY25. Provisions and contingencies for Q3 FY26 amounted to ₹80.41 crores, showing a significant quarter-over-quarter increase of 27.1% from ₹63.27 crores in Q2 FY26, and a year-over-year increase of 21.7% from ₹66.09 crores in Q3 FY25. The tax expense in Q3 FY26 was ₹129.68 crores, up by 7.2% both quarter-over-quarter and year-over-year, from ₹120.99 crores in Q2 FY26 and ₹120.93 crores in Q3 FY25, respectively. These metrics reflect the bank's operational dynamics and financial management strategies over the respective periods.