The South Indian Bank Q4FY22 profit soars to Rs. 272.04 crores

The South Indian Bank Limited has reported Standalone financial results for the period ended March 31, 2022.

Financial Results (Q4 FY2022) - QoQ Comparison

The company has reported total income of Rs. 1839.38 crores during the period ended March 31, 2022 as compared to Rs. 1893.11 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs. 272.04 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs. -50.31 crores for the period ended December 31, 2021.

The company has reported EPS of Rs. 1.30 for the period ended March 31, 2022 as compared to Rs. -0.24 for the period ended December 31, 2021.

Financials	Q4 FY2022	Q3 FY2022	% Change
Total Income	₹ 1839.38 crs	₹1893.11 crs	-2.84%
Net Profit	₹272.04 crs	₹-50.31 crs	640.73%
EPS	₹1.30	₹-0.24	641.67%

Financial Results (Q4 FY2022) - YoY Comparison

The company has reported total income of Rs. 1839.38 crores during the period ended March 31, 2022 as compared to Rs.2142.33 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.272.04 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs.6.79 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.1.30 for the period ended March 31, 2022 as compared to Rs.0.04 for the period ended March 31, 2021.

Financials	Q4 FY2022	Q4 FY2021	% Change
Total Income	₹ 1839.38 crs	₹2142.33 crs	-14.14%
Net Profit	₹272.04 crs	₹6.79 crs	3,906.48%
EPS	₹1.30	₹0.04	3,150.00%

Financial Results (Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.7620.64 crores during the Financial Year ended March 31, 2022 as compared to Rs.8534.62 crores during the Financial Year ended March 31, 2021.

The company has posted net profit / (loss) of Rs.44.98 crores for the Financial Year ended March 31, 2022 as against net profit / (loss) of Rs.61.91 crores for the Financial Year ended March 31, 2021.

The company has reported EPS of Rs.0.21 for the Financial Year ended March 31, 2022 as compared to Rs.0.34 for the Financial Year ended March 31, 2021.

Financials	Year Ended FY2022	Year Ended FY2021	% Change
Total Income	₹7620.64 crs	₹8534.62 crs	-10.71%
Net Profit	₹44.98 crs	₹61.91 crs	-27.35%
EPS	₹0.21	₹0.34	-38.24%

Asset Quality:

Asset Quality	Q4 FY2022	Q3 FY2022	Q4 FY2021
Gross NPA	₹ 3648.09 crs	₹3883.01 crs	₹4143.24 crs
Gross NPA %	5.90%	6.56%	6.97%
Net NPA	₹1777.77 crs	₹2018.75 crs	₹2734.52 crs
Net NPA %	2.97%	3.52%	4.71%

Gross NPA was at ₹ 3648.09 crs in Q4 FY2022 against ₹ 4143.24 crs in Q4 FY2021. The same was at ₹ 3883.01 crs in Q3 FY2022.

Net NPA was at ₹ 1777.77 crs in Q4 FY2022 against ₹ 2734.52 crs in Q4 FY2021. The same was at ₹ 2018.75 crs in Q3 FY2022.

GNPA was at 5.90% of Gross advances as on March 31, 2022 as compared to 6.97% as on March 31, 2021 and 6.56% as of December 31, 2021.

Net NPA was at 2.97% of Gross advances as on March 31, 2022 as compared to 4.71% as on March 31, 2021 and 3.52% as of December 31, 2021.

Ratios	Q4 FY2022	Q3 FY2022	Q4 FY2021
RoA %	1.10%	-0.20%	0.03%
CAR (BASEL III) %	15.86%	15.68%	15.42%

Return on Average Assets (RoA) is at 1.10% for Q4 FY2022 against -0.20% in Q3 FY2022 and 0.03% in Q4 FY2021.

In Q4 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 15.86%, as compared to 15.68% in Q3 FY2022 and 15.42% in Q4 FY2021.

Shares of The South Indian Bank Limited was last trading in BSE at Rs. 7.63 as compared to the previous close of Rs. 7.80. The total number of shares traded during the day was 1781704 in over 5732 trades.

The stock hit an intraday high of Rs. 7.78 and intraday low of 7.60. The net turnover during the day was Rs. 13636522.00.

Source : Equity Bulls

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TheSouthIndianBank Q4FY22 FY2022 ResultUpdate