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South Indian Bank Ltd posts Rs. 187.06 crore loss in Q2 FY2021-22
Posted On : 2021-10-21 23:04:50( TIMEZONE : IST )
The Board of Directors of The South Indian Bank Limited, at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.
For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 1746.03 crore, against ₹2115.71 crore in the corresponding quarter of the previous year (YoY) and ₹2081.73 crore in previous quarter (QoQ).
For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹-187.06 crore, against ₹65.09 crore in the corresponding quarter of the previous year (YoY) and ₹10.31 crore in previous quarter (QoQ).
For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹-0.89, against ₹0.36 in the corresponding quarter of the previous year (YoY) and ₹0.05 in previous quarter (QoQ).
| Financials | Q2 FY2022 | Q1 FY2022 | QoQ % Change | Q2 FY2021 | YoY % Change |
| Total Income | ₹ 1746.03 crs | ₹2081.73 crs |  -16.13% | ₹2115.71 crs | -17.47% |
| Net Profit | ₹-187.06 crs | ₹10.31 crs | -1,914.35% | ₹65.09 crs | -387.39 % |
| EPS | ₹-0.89 | ₹0.05 | -1,880.00% | ₹0.36 | -347.22% |
For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹3827.76 crore, against ₹4340.67 crore in the previous year (YoY) (Half Year Ended FY 2021).
The net profit / (loss) was at ₹-176.75 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹146.74 crore in the previous year (YoY) (Half Year Ended FY 2021).
The Earnings Per Share stood at ₹-0.84 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹0.81 in the previous year (YoY) (Half Year Ended FY 2021).
| Financials | Half Year Ended FY2022 | Half Year Ended FY2021 | % Change |
| Total Income | ₹3827.76 crs | ₹4340.67 crs | -11.82% |
| Net Profit | ₹-176.75 crs | ₹146.74 crs | -220.45% |
| EPS | ₹-0.84 | ₹0.81 | -203.70% |
Asset Quality:
| Asset Quality | Q2 FY2022 | Q1 FY2022 | Q2 FY2021 |
| Gross NPA | ₹ 3879.60 crs | ₹4677.12 crs | ₹3182.16 crs |
| Gross NPA % | 6.65% | 8.02% | 4.87% |
| Net NPA | ₹2178.49 crs | ₹2854.64 crs | ₹1655.39 crs |
| Net NPA % | 3.85% | 5.05% | 2.59% |
Gross NPA was at ₹ 3879.60 crs in Q2 FY2022 against ₹ 3182.16 crs in Q2 FY2021. The same was at ₹ 4677.12 crs in Q1 FY2022.
Net NPA was at ₹ 2178.49 crs in Q2 FY2022 against ₹ 1655.39 crs in Q2 FY2021. The same was at ₹ 2854.64 crs in Q1 FY2022.
GNPA was at 6.65% of Gross advances as on September 30, 2021 as compared to 4.87% as on September 30, 2020 and 8.02% as of June 30, 2021.
Net NPA was at 3.85% of Gross advances as on September 30, 2021 as compared to 2.59% as on September 30, 2020 and 5.05% as of June 30, 2021.
| Ratios | Q2 FY2022 | Q1 FY2022 | Q2 FY2021 |
| RoA % | -0.73% | 0.04% | 0.27% | CAR (BASEL III) % | 15.74% | 15.47% | 13.94% |
Return on Average Assets (RoA) is at -0.73% for Q2 FY2022 against 0.04% in Q1 FY2022 and 0.27% in Q2 FY2021.
In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 15.74%, as compared to 15.47% in Q1 FY2022 and 13.94% in Q2 FY2021.
Shares of The South Indian Bank Limited was last trading in BSE at Rs. 10.52 as compared to the previous close of Rs. 10.47. The total number of shares traded during the day was 4288778 in over 46508 trades.
The stock hit an intraday high of Rs. 10.69 and intraday low of 10.46. The net turnover during the day was Rs. 45119882.00.
