South Indian Bank Ltd Q4FY24; 14% fall in Profits

Established in 1929, South Indian Bank was the first ‘scheduled bank’ amongst the private banks in Kerala. It has strong presence in south India and particularly in Kerala. South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business.

Financial Results:

South Indian Bank Ltd reported Revenues for Q4FY24 of ₹2,275.00 Crores up from ₹1,973.00 Crore year on year, a rise of 15.31%.

Total Expenses for Q4FY24 of ₹2,228.00 Crores up from ₹1,796.00 Crores year on year, a rise of 24.05%.

Consolidated Net Profit of ₹288.00 Crores down 13.77% from ₹334.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.10, down 14.06% from ₹1.28 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.