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Highlights
- Revenue over the Year and quarter: The company experienced a substantial growth of 14.29 % in the past year, substantial increase in revenue by 1.75 %.
- Profit over the Year and quarter: Significant improvement in profitability for South Indian Bank Ltd.. Notable increase of 45.08 % in net profit Year to Year, South Indian Bank Ltd.’s profitability increased by 2.29 % in this quarter.
- EPS over the Year and quarter: EPS increased by 15.46 % Year to Year. EPS decreased by -17.04 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 2025.04 Cr | Rs. 2274.67 Cr | Rs. 2314.41 Cr | + 1.75 % | + 14.29 % |
Interest | Rs. 1217.27 Cr | Rs. 1400 Cr | Rs. 1448.64 Cr | + 3.47 % | + 19.01 % |
Expenses | Rs. 876.75 Cr | Rs. 827.96 Cr | Rs. 892.82 Cr | + 7.83 % | + 1.83 % |
Financing Profit | Rs. -68.98 Cr | Rs. 46.71 Cr | Rs. -27.05 Cr | -157.91 % | + 60.79 % |
Financing Margin % | -3.41 % | 2.05 % | -1.17 % | -3.22 % | + 2.24 % |
Other Income | Rs. 361.02 Cr | Rs. 345.88 Cr | Rs. 421.55 Cr | + 21.88 % | + 16.77 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 292.04 Cr | Rs. 392.59 Cr | Rs. 394.5 Cr | + 0.49 % | + 35.08 % |
Tax % | 30.63 % | 26.81 % | 25.5 % | -1.31 % | -5.13 % |
Net Profit | Rs. 202.58 Cr | Rs. 287.33 Cr | Rs. 293.9 Cr | + 2.29 % | + 45.08 % |
EPS in Rs | Rs. 0.97 | Rs. 1.35 | Rs. 1.12 | -17.04 % | + 15.46 % |
Gross NPA % | 0 % | 4.5 % | 0 % | % | % |
Net NPA % | 0 % | 1.46 % | 0 % | % | % |
Today, we’re looking at South Indian Bank Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 14.29 %. However, it did see a marginal increase of 1.75 % from the previous quarter. Interest expenses surged remarkably by 3.47 % from the previous quarter, yet the year-over-year increase remains at a moderate 19.01 %. Expenses ticked up slightly by 7.83 % quarter-on-quarter, aligning with the annual rise of 1.83 %.
Financing profit, while up 60.79 % compared to last year, faced a quarter-on-quarter dip of -157.91 %, signaling a short-term contraction in margins. The Financing Margin % echoes this narrative, showing resilience on an annual basis with an increase of 2.24 %, but a shrinkage of -3.22 % sequentially. Other income rose by 21.88 % compared to the last quarter, despite an annual growth of 16.77 %. Profit before tax grew annually by 35.08 % but saw an increase from the preceding quarter by 0.49 %. Tax expenses as a percentage of profits decreased slightly by -5.13 % compared to last year, With a more notable quarter-on-quarter decrease of -1.31 %.
Net profit rose by 45.08 % year-on-year, but experienced a 2.29 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.46 % but a quarterly fall of -17.04 %. In summary, South Indian Bank Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 2025.04 Cr | Rs. 2274.67 Cr | Rs. 2314.41 Cr | + 1.75 % | + 14.29 % |
Interest | Rs. 1217.27 Cr | Rs. 1400 Cr | Rs. 1448.64 Cr | + 3.47 % | + 19.01 % |
Expenses | Rs. 876.75 Cr | Rs. 827.96 Cr | Rs. 892.82 Cr | + 7.83 % | + 1.83 % |
Financing Profit | Rs. -68.98 Cr | Rs. 46.71 Cr | Rs. -27.05 Cr | -157.91 % | + 60.79 % |
Net Profit | Rs. 202.58 Cr | Rs. 287.33 Cr | Rs. 293.9 Cr | + 2.29 % | + 45.08 % |
EPS in Rs | Rs. 0.97 | Rs. 1.35 | Rs. 1.12 | -17.04 % | + 15.46 % |
In reviewing South Indian Bank Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 14.29 % year-on-year growth, however, there was a minor increase of 1.75 % from the previous quarter. Interest expenses climbed by 3.47 % quarterly and sharply by 19.01 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 1.83 % compared to the previous year, with a 7.83 % increase quarter-on-quarter. Financing Profit surged by 60.79 % annually, and saw a -157.91 % decrease from the last quarter.
Net Profit showed yearly increase of 45.08 %, and experienced a 2.29 % increase from the previous quarter. Earnings Per Share (EPS) rose by 15.46 % annually, however dipped by -17.04 % compared to the last quarter. In essence, while South Indian Bank Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.