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South Indian Bank reports 38% fall in Q4 net profit

10 May 2019 Evaluate

South Indian Bank has reported results for the fourth quarter and year ended March 31, 2019.

The Bank has reported a fall of 38.20% in its net profit at Rs 70.51 crore for the quarter ended March 31, 2019, as compared to Rs 114.10 crore for the same quarter in the previous year. However, total income of the Bank increased by 14.65% at Rs 2,026.59 crore for the quarter under review as compared Rs 1,767.65 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the Bank has posted a fall of 26.09% in its net profit at Rs 247.53 crore as compared to Rs 334.89 crore for the same period in the previous year. However, total income of Bank increased 8.15% at Rs 7,602.73 crore for year under review as compared to Rs 7,030.06 crore for the period ended March 31, 2018.

South Indian Bank Share Price

38.95 0.17 (0.44%)
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