South Indian Bank Q2 profit rises to ₹4.3 billion.

South Indian Bank Limited

reported standalone Q2 net profit of ₹4.3 billion, up from ₹3.5 billion year-on-year. The result beat the estimate of ₹4 billion. Revenue rose to ₹28 billion from ₹24 billion. Gross NPA fell to 1.24 percent from 1.38 percent quarter-on-quarter. Net NPA dropped to 0.09 percent from 0.26 percent. Asset quality improved alongside higher earnings. Key numbers are Q2 profit of ₹4.3 billion, revenue of ₹28 billion and net NPA at 0.09 percent. Better asset quality may support the stock near term. Peers such as Federal Bank, Karur Vysya Bank and City Union Bank could face relative comparison on NPA trends. Risks include slower loan growth or higher provisions. Competitors listed: Federal Bank, Karur Vysya Bank, City Union Bank. We have no financial interest in this news.