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Business Standard
18-07-2025
- Business
- Business Standard
South Indian Bank Q1FY26 results: Net profit rises 10% to ₹322 crore
South Indian Bank on Thursday reported a 10 per cent rise in profit to ₹322 crore during the first Kerala-based bank had a net profit of ₹294 crore in the same quarter of previous fiscal total income rose to ₹2,984 crore during the June quarter of 2025-26, from ₹2,736 crore in the same of FY25, South Indian Bank said in a regulatory earned by the bank grew to ₹2,362 crore as compared to ₹2,314 crore in June quarter FY25. ALSO READ: Bandhan Bank Q1 FY26 results: Net profit down 65% on rising bad loansDuring the period, operating profit of the bank rose to ₹672 crore as compared to ₹508 crore in the same quarter a year bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.15 per cent of gross advances at the end of the June quarter from 4.50 per cent a year ago. ALSO READ: Reliance Retail Q1FY26 results: Net profit up 33% on expansion spreeSimilarly, net NPAs, or bad loans, declined to 0.68 per cent as against 1.44 per cent in the year-ago adequacy ratio of the bank rose to 19.48 per cent from 18.11 per cent in the same quarter of FY25. ALSO READ: IOB Q1 net up 76% at ₹1,111 cr, eyes QIP for ₹4,000 cr equity in Q3FY26
Indian Express
17-07-2025
- Business
- Indian Express
Stocks to Watch on Friday, July 18: Indian Hotels, Wipro, South Indian Bank, Axis Bank, Jio Financial Services and more
Stocks to Watch: Shares of several companies will remain in focus on Friday (July 18) including Indian Hotels, Wipro, South Indian Bank, and LTIMindtree, among others. On Thursday, benchmark stock indices Sensex and Nifty settled lower following selling in IT and banking shares and investors remaining in a wait-and-watch mode ahead of the outcome of the US-India trade talks. The 30-share BSE Sensex dropped 375.24 points or 0.45 per cent to settle at 82,259.24. During the day, it fell by 415.21 points or 0.50 per cent to 82,219.27. The 50-share NSE Nifty closed lower by 100.60 points or 0.40 per cent to 25,111.45. Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. IT major Wipro reported a 9.8 per cent increase in consolidated profit after tax at Rs 3,336.5 crore during the June quarter. It had posted a profit after tax of Rs 3,036.6 crore in the same period a year ago, the company said in a regulatory filing. The consolidated revenue from operations of Wipro was up marginally to Rs 22,134.6 crore during the April-June period from Rs 21,963.8 crore in the year-ago period. South Indian Bank on Thursday reported a 10 per cent rise in profit to Rs 322 crore during the first quarter. The Kerala-based bank had a net profit of Rs 294 crore in the same quarter of previous fiscal year. The total income rose to Rs 2,984 crore during the June quarter of 2025-26, from Rs 2,736 crore in the same of FY25, South Indian Bank said in a regulatory filing. Interest earned by the bank grew to Rs 2,362 crore as compared to Rs 2,314 crore in June quarter FY25. Jio Financial Services Ltd (JFSL) on Thursday reported a 4 per cent increase in consolidated net profit to Rs 325 crore in the first quarter ended June 2025. The company had earned a net profit of Rs 313 crore in the same quarter a year ago. The company's total income rose to Rs 619 crore as against Rs 418 crore in the June quarter of the previous year, JFSL said in a regulatory filing. During the period, interest income doubled to Rs 363 crore as against Rs 162 crore in the same quarter a year ago. Kalpataru Projects International Ltd (KPIL) on Thursday said it has secured new orders worth around Rs 2,293 crore, along with its international subsidiaries. These include orders in the Buildings and Factories segment in India, as well as Power Transmission and Distribution projects in overseas markets, a company statement said. Technology consulting and digital solutions company LTIMindtree on Thursday reported a 10.6 per cent increase in consolidated net profit to Rs 1,254.1 crore in the June quarter. The company had posted a net profit (attributable to shareholders of the company) of Rs 1,133.8 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the first quarter of FY26 increased 7.6 per cent to Rs 9,840.6 crore, compared to Rs 9,142.6 crore in Q1 FY25. Dairy firm Heritage Foods on Thursday reported a 30.60 per cent drop in consolidated net profit to Rs 40.54 crore during first quarter of this fiscal on higher expenses. The company posted a net profit of Rs 58.42 crore a year ago. Net income rose by 10 per cent to Rs 1,136.8 crore during April-June quarter of the 2025-26 fiscal from Rs 1,032.67 crore in the year-ago quarter, according to a regulatory filing. However, expenses remained higher at Rs 1,085.76 crore as against Rs 958.90 crore in the said period. Hexaware Technologies has acquired 100 per cent stake in SMC Squared for USD 120 million, about Rs 1,029 crore, in an all-cash deal to expand its play on global capability centres, the company said in a regulatory filing. Axis Bank reported a 4 per cent decline in net profit at Rs 5,806 crore for the first quarter ended June 30, 2025, due to a marginal increase in bad loans. The private sector bank had earned a standalone profit of Rs 6,035 crore in the same quarter of the previous fiscal year. The total income rose to Rs 38,322 crore during the June quarter of 2025-26, from Rs 35,844 crore in the same quarter of FY25, Axis Bank said in a regulatory filing. HDFC Asset Management Company (AMC) reported a 24 per cent jump in profit after tax at Rs 748 crore in the three months ended June 2025. In comparison, the asset management firm had posted a Profit After Tax (PAT) of Rs 604 crore in the same quarter preceding fiscal. The company's revenue from operations increased 25 per cent to Rs 968 crore in the first quarter ended June 30, 2025, from Rs 775.2 crore in the same quarter preceding fiscal year, HDFC AMC said in a regulatory filing to the stock exchanges.
Economic Times
17-07-2025
- Business
- Economic Times
South Indian Bank Q1 profit rises 9.5% to Rs 322 crore despite surge in provisions
South Indian Bank has reported a 9.5% year-on-year rise in net profit for the first quarter of the fiscal at Rs 322 crore, while it nearly doubled provisions and contingencies. ADVERTISEMENT The net profit was Rs 294 crore in the year ago period. Its asset quality improved with gross non-performing assets ratio dropping to 3.15% at the end of June from 3.20% as on March 31. The ratio was much higher at 4.50% a year back. The bank's pre-provision operating profit stood 32% higher at Rs 672 crore against Rs 508 crore in the year-ago and contingencies stood at Rs 239 crore against Rs 113 crore. The profitability was largely buoyed by a rise in non-core income. ADVERTISEMENT Total income stood at Rs 2984 crore, up 9% year-on-year. Other income jumped 47% at Rs 622 crore as compared with Rs 422 crore earlier. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
17-07-2025
- Business
- Time of India
South Indian Bank Q1 profit rises 9.5% to Rs 322 crore despite surge in provisions
South Indian Bank has reported a 9.5% year-on-year rise in net profit for the first quarter of the fiscal at Rs 322 crore, while it nearly doubled provisions and contingencies. The net profit was Rs 294 crore in the year ago period. Explore courses from Top Institutes in Select a Course Category CXO Product Management Technology Degree Project Management Others Digital Marketing Management Leadership Cybersecurity Operations Management Data Science Data Analytics Artificial Intelligence Public Policy Finance healthcare Healthcare MBA others PGDM MCA Data Science Design Thinking Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Its asset quality improved with gross non-performing assets ratio dropping to 3.15% at the end of June from 3.20% as on March 31. The ratio was much higher at 4.50% a year back. The bank's pre-provision operating profit stood 32% higher at Rs 672 crore against Rs 508 crore in the year-ago quarter. Provision and contingencies stood at Rs 239 crore against Rs 113 crore. Live Events The profitability was largely buoyed by a rise in non-core income. Total income stood at Rs 2984 crore, up 9% year-on-year. Other income jumped 47% at Rs 622 crore as compared with Rs 422 crore earlier. ETMarkets WhatsApp channel )
Business Standard
17-07-2025
- Business
- Business Standard
South Indian Bank consolidated net profit rises 9.62% in the June 2025 quarter
Total Operating Income rise 2.08% to Rs 2362.44 croreNet profit of South Indian Bank rose 9.62% to Rs 322.17 crore in the quarter ended June 2025 as against Rs 293.90 crore during the previous quarter ended June 2024. Total Operating Income rose 2.08% to Rs 2362.44 crore in the quarter ended June 2025 as against Rs 2314.41 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% Operating Income2362.442314.41 2 OPM %56.7861.42 -PBDT433.24394.50 10 PBT433.24394.50 10 NP322.17293.90 10 Powered by Capital Market - Live News
