THE SOUTH INDIAN BANK LIMITED - RESULTS FOR Q2 FY 13-14 (SEP 13) - TOTAL INCOME UP 13.47%; NET PROFIT UP 30.47%; n-npa UP AT 1.39%

THE SOUTH INDIAN BANK LIMITED

RESULTS FOR Q2 FY 2013-14

SEP 2013

South Indian Bank has performed well in Q2 FY 2013-14 ending Sep,2013. 

Total Income has gone up by 13.47% YoY and Net Profit has gone up by 30.47% YoY. 

Basic EPS has gone up to Rs.0.94 on a Face value of Rs.1.

Capital Adequacy Ratio is comfortable at 12.97%.

% of Net NPA     is HIGH at 1.39%.

The results table in detail is below.

South Indian Bank		30-9-13	%Dif QoQ		30-6-13		%Dif YoY	30-9-12
Total Income		129872	-3.29		134288		13.47	114453
Total Expenditure		108673	-0.42		109132		15.01	94489
Profit before Intrst, Dep. & Taxes		21199	-15.73		25156		6.19	19964
Net Profit		12675	10.37		11484		30.47	9715
Diluted EPS		0.94	10.59		0.85		16.05	0.81
Interest on Advances		96889	0.28		96623		13.86	85094
Income on Investments		23660	7.83		21942		28.18	18459
Income on Balances With RBI		3172	-19.68		3949		-12.3	3617
Interest Earned		123721	0.99		122514		15.44	107170
Other Income		6151	-47.76		11774		-15.54	7283
Total Income		129872	-3.29		134288		13.47	114453
Interest Expended		87313	-2.72		89757		12.81	77397
Employees Cost		12334	5.27		11716		21.58	10145
Net Interest Income	36408			11.15		32757			22.29	29773
Other Operating Expenses		9026	17.85		7659		29.93	6947
Operating Expenses		21360	10.25		19375		24.97	17092
Total Expenditure		108673	-0.42		109132		15.01	94489
Operating Profit		21199	-15.73		25156		6.19	19964
Provisions		1976	-81.24		10535		-16.76	2374
Profit before tax		19223	31.48		14621		33.79	14368
Tax Expense		6548	108.73		3137		40.73	4653
Net Profit		12675	10.37		11484		30.47	9715
Face Value (Rs )		1	0		1		0	1
Paid-up Equity		13409	0.04		13403		0.4	13355
Reserves		273178	0		273178			-
Capital Adequacy Ratio		12.97	-5.05		13.66		-10.12	14.43
Basic EPS		0.94	9.3		0.86		14.63	0.82
Diluted EPS		0.94	10.59		0.85		16.05	0.81
Net NPA		43985	26.25		34840		81.85	24188
% of Net NPA		1.39	24.11		1.12		61.63	0.86
Return on Assets		1.01	7.45		0.94		9.78	0.92
Public Holding (%)		100	0		100		0	100

 *  *  *  E  N  D  *  *  *