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South Indian Bank reports 23% rise in Q2 consolidated net profit

19 Oct 2023 Evaluate

South Indian Bank has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The Bank has reported 23.18% rise in its net profit at Rs 274.81 crore for the quarter under review as compared to Rs 223.10 crore for the same quarter in the previous year. Total income of the Bank increased by 24.53% at Rs 2484.77 crore for Q2FY24 as compared Rs 1995.24 crore for the corresponding quarter previous year.

On consolidated basis, the Bank has reported 23.11% rise in its net profit at Rs 274.89 crore for the second quarter ended September 30, 2023 as compared to Rs 223.28 crore for the same quarter in the previous year. Total income of the Bank increased by 24.53% at Rs 2484.48 crore for Q2FY24 as compared Rs 1995.12 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 692.70
ICICI Bank 1353.20
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Kotak Mahindra Bank 437.50
Indusind Bank 865.60
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