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South Indian Bank reports many folds jump in Q2 net profit

16 Oct 2018 Evaluate

South Indian Bank has reported results for second quarter ended September 30, 2018.

The Bank has reported over 16 fold jump in its net profit at Rs 70.13 crore for the quarter under review as compared to Rs 4.32 crore for the same quarter in the previous year. Total income of the Bank marginally increased by 2.08% at Rs 1,854.40 crore for Q2FY19 as compared Rs 1,816.67 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 4.61%, as compared to 3.57% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.16% in Q2FY19.

Peers
Company Name CMP
HDFC Bank 684.75
ICICI Bank 1375.90
Axis Bank 1220.00
Kotak Mahindra Bank 452.80
Indusind Bank 855.10
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