Q3 2025 South Indian Bank Ltd Earnings Call Transcript
Key Points
- The South Indian Bank Ltd (BOM:532218) reported its highest quarterly profit to date at INR 342 crores, marking a 12% growth compared to the previous year.
- Total deposits grew by 6% to INR 1,05,387 crores, despite a reduction in bulk deposits.
- Gross advances increased by 12% to INR 86,966 crores, contributing to a total business growth of 9%.
- The bank's capital adequacy ratio is strong at 18%, with a Tier 1 ratio of 16.68%.
- Provision coverage ratio improved significantly, with a 465 basis point increase to 71.73% excluding write-offs.
- Net interest margin remained static year-on-year at 3.19%, with a sequential dip due to increased cost of funds.
- There is a concern about potential pressure on net interest margins if REPO rates decrease.
- Personnel expenses have been declining due to employee attrition, which could impact business operations if not managed carefully.
- The bank's cost-to-income ratio, although improved, still stands at 59.8%, indicating room for further efficiency improvements.
- Slippages were noted in the credit card and personal loan segments, indicating potential risk areas.
Ladies and gentlemen, good day, and welcome to the South Indian Bank Q3 FY '25 Earnings Conference Call, hosted by ICICI Securities. (Operator instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Hardik Shah from ICICI Securities. Thank you, and over to you.
Thanks, Ryan. Hello, everyone. Good afternoon. On behalf of ICICI Securities, we welcome you all to Q3 FY '25 Post Earnings Conference Call of South Indian Bank.
From the management side, we have with us MD and CEO, P.R. Seshadri, Executive Director, Mr. Dolphy Jose; Mr. Anto Geroge T, Chief Operating Officer; Mr. Vinod Francis, GM and CFO; Mr. Jimmy Mathew, GM and Company Secretary and other senior officials from the bank.
I now hand the conference over to the management for the opening remarks, post which we will have a Q&A session. Over to you, sir.
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