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South Indian Bank surges on reporting around 3-fold jump in Q3 consolidated net profit

19 Jan 2024 Evaluate

The South Indian Bank is currently trading at Rs. 31.55, up by 0.74 points or 2.40% from its previous closing of Rs. 30.81 on the BSE.

The scrip opened at Rs. 31.38 and has touched a high and low of Rs. 31.75 and Rs. 30.81 respectively. So far 9047624 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 31.93 on 18-Jan-2024 and a 52 week low of Rs. 13.79 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 31.93 and Rs. 27.18 respectively. The current market cap of the company is Rs. 6518.89 crore.

The Institutions and Non-Institutions held 22.29% and 77.72% stake in the company respectively.

South Indian Bank has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The bank has reported around 3-fold jump in net profit at Rs 305.36 crore for the quarter ended December 31, 2023 as compared to Rs 102.75 crore for the same quarter in the previous year. Total income of the bank increased by 41.44% at Rs 2,636.50 crore for Q3FY24 as compared Rs 1,864.09 crore for corresponding quarter of the previous year.

On consolidated basis, the bank reported around 3-fold jump in its net profit at Rs 305.38 crore for Q3FY24 as compared to Rs 103.01 crore for the same quarter in the previous year. Total income of the bank increased by 41.44% at Rs 2,636.23 crore for Q3FY24 as compared Rs 1,863.87 crore for corresponding quarter of the previous year. 

South Indian Bank Share Price

39.10 -0.76 (-1.91%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 784.50
ICICI Bank 1347.75
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Kotak Mahindra Bank 370.40
Indusind Bank 860.45
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