South Indian Bank Q4 profit rises 19%; advances, deposits growth strong

The board has recommended a dividend of ₹0.45 per equity share (face value ₹1) for FY26, higher than ₹0.40 per share declared last year, subject to shareholder approval at the upcoming AGM.

By CNBCTV18.com

South Indian Bank Ltd. reported a steady set of March quarter results, with net profit rising 19.1% YoY to ₹407.5 crore from ₹342.2 crore.

Net interest income (NII) grew 5.4% YoY to ₹915.3 crore, compared to ₹868.3 crore in the year-ago period.

Advances growth picked up pace to 15.7% YoY, marking the strongest expansion in several quarters, while deposits also saw a sharp improvement with 14.7% YoY growth.

However, pre-provision operating profit (PPOP) declined 15% YoY and was marginally lower sequentially. Overall, profitability remained mixed due to softer operating profit growth.

The board has recommended a dividend of ₹0.45 per equity share (face value ₹1) for FY26, higher than ₹0.40 per share declared last year, subject to shareholder approval at the upcoming AGM.

The record date for the dividend is yet to be announced.

Shares of the bank were trading 3.5% higher at ₹42.39 following the results, taking gains for the year so far to around 12%.