Q1 2025 South Indian Bank Ltd Earnings Call Transcript
Key Points
- The South Indian Bank Ltd (BOM:532218) reported a net profit of 294 crores, marking a 45% growth compared to the previous year.
- Total deposits grew by 8% year-on-year to 1,03,532 crores.
- Gross advances increased by 11% to 82,580 crores.
- The bank's capital adequacy ratio (CRAR) stands strong at 18.11%, with Common Equity Tier 1 at 16.71%.
- The gold loan business showed robust growth, increasing by 13% year-on-year to 16,317 crores.
- Net interest margin (NIM) for the quarter was 3.26%, slightly lower than the previous quarter.
- The cost to income ratio remains high, despite efforts to improve it.
- Gross NPA reduced by only 63 basis points year-on-year to 4.5%, and remained static on a sequential basis.
- The bank's yield on advances decreased due to higher agri slippages and interest reversals.
- Slippages from the old book remain a concern, with significant contributions to the overall NPA.
Ladies and gentlemen, good day, and welcome to the South Indian Bank Q1 FY 20 Results Conference Call hosted by ICICI Securities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during the conference call, please signal an operator by pressing star and then zero on your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Ashish Shah, Managing Director and CEO.
Thank you, and over to you.
So thank you very much, Graham. Greatly appreciate it at the outset. Let me thank all of you who've taken the trouble to join us this morning. Earnings Call of South Indian Bank South Indian Bank for Q1 of FY 25. So thank you very much, Ed. I understand it's a very busy season when it comes to earnings being reported. And then we really do appreciate the fact that you've joined us.
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