South Indian Bank Q2 Results: Net profit rises 23% YoY to Rs 275 crore

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The bank declared net profit of Rs 275 crore for the September 2023 quarter compared to Rs. 223 crore in the same period a year ago. The bank’s stock closed 1.35 percent higher on Thursday to close at Rs 26.35 a share. Net interest margin or NIM, a measure of profitability from interest income from loans and mortgages improved by 35 bps from 2.98% to 3.33% on a year-on-year basis.

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