05-12-2023 10:54 AM | Source: Accord Fintech
South Indian Bank trades jubilantly on reporting 23% rise in Q4 consolidated net profit
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South Indian Bank is currently trading at Rs. 17.98, up by 1.67 points or 10.24% from its previous closing of Rs. 16.31 on the BSE.

The scrip opened at Rs. 17.50 and has touched a high and low of Rs. 18.20 and Rs. 17.50 respectively. So far 12354755 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 21.80 on 15-Dec-2022 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. 18.20 and Rs. 15.93 respectively. The current market cap of the company is Rs. 3750.19 crore.

The Institutions holding in the company stood at 22.23%, while Non-Institutions held 77.77%.

The South Indian Bank has reported 22.74% rise in its net profit at Rs 333.89 crore for fourth quarter ended March 31, 2023 as compared to Rs 272.04 crore for the same quarter in the previous year. Total income of the bank increased by 26.04% at Rs 2318.33 crore for Q4FY23 as compared to Rs 1839.38 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 22.59% rise in its net profit at Rs 333.53 crore for fourth quarter ended March 31, 2023 as compared to Rs 272.06 crore for the same quarter in the previous year. Total income of the bank increased by 26% at Rs 2317.50 crore for Q4FY23 as compared to Rs 1839.28 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported 17- fold jump in its net profit at Rs 775.09 crore as compared to Rs 44.98 crore for the previous year. Total income of the bank increased by 5.58% at Rs 8045.81 crore for year under review as compared to Rs 7620.64 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the bank has reported 17- fold jump in its net profit at Rs 775.31 crore as compared to Rs 44.82 crore for the previous year. Total income of the bank increased by 5.56% at Rs 8044.55 crore for year under review as compared to Rs 7620.44 crore for year ended March 31, 2022.