South Indian Bank surges on reporting consolidated net profit of Rs 115.48 crore in Q1
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South Indian Bank is currently trading at Rs 7.96, up by 0.09 points or 1.14% from its previous closing of Rs. 7.87 on the BSE.
The scrip opened at Rs. 7.90 and has touched a high and low of Rs. 8.10 and Rs. 7.90 respectively. So far 1197490 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 11.29 on 27-Jul-2021 and a 52 week low of Rs. 7.27 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 8.18 and Rs. 7.80 respectively. The current market cap of the company is Rs. 1667.91 crore.
The Institutions and Non-Institutions held 23.57% and 76.43% stake in the bank, respectively.
South Indian Bank has reported results for first quarter ended June 30, 2022. The bank has reported over 11-fold jump in its net profit at Rs 115.35 crore for the quarter under review as compared to Rs 10.31 crore for the same quarter in the previous year. However, total income of the bank decreased by 10.37% at Rs 1868.15 crore for Q1FY23 as compared Rs 2084.39 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported over 11-fold jump in its net profit at Rs 115.48 crore for the quarter under review as compared to Rs 10.25 crore for the same quarter in the previous year. However, total income of the bank decreased by 10.38% at Rs 1868.07 crore for Q1FY23 as compared Rs 2084.39 crore for the corresponding quarter previous year.
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