South Indian Bank standalone net profit declines 13.88% in the March 2024 quarter

Total Operating Income rise 15.29% to Rs 2274.67 crore

Net profit of South Indian Bank declined 13.88% to Rs 287.56 crore in the quarter ended March 2024 as against Rs 333.89 crore during the previous quarter ended March 2023. Total Operating Income rose 15.29% to Rs 2274.67 crore in the quarter ended March 2024 as against Rs 1972.96 crore during the previous quarter ended March 2023.

For the full year,net profit rose 38.06% to Rs 1070.08 crore in the year ended March 2024 as against Rs 775.09 crore during the previous year ended March 2023. Total Operating Income rose 19.07% to Rs 8612.80 crore in the year ended March 2024 as against Rs 7233.18 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Total Operating Income2274.671972.96 15 8612.807233.18 19 OPM %63.6165.53 -61.4762.44 - PBDT392.92522.56 -25 1528.751108.21 38 PBT392.92522.56 -25 1528.751108.21 38 NP287.56333.89 -14 1070.08775.09 38

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