The bank had posted net profit of Rs 141.31 crore in the corresponding period of the previous fiscal (2013-14).
"Total income has increased from Rs 1,334.74 crore for the quarter ended December 31, 2013 to Rs 1,467.13 crore for the quarter ended December 31, 2014," the bank said in a filing to the BSE.
Provisions towards bad loans and contingencies rose to Rs 85.97 crore during the quarter, up from Rs 2.02 crore a year earlier.
South Indian Bank shares closed at Rs 29.30 per share today 3.93 per cent lower than its previous close.