South Indian Bank declines on reporting 19% drop in Q4 net profit

South Indian Bank is currently trading at Rs 24.20, down by 0.70 points or 2.81% from its previous closing of Rs. 24.90 on the BSE. The scrip opened at Rs 24.40 and has touched a high and low of Rs 24.65 and Rs 23.90 respectively. So far 725160 shares were traded on the counter. The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 26.35 on 07-Jun-2013 and a 52 week low of Rs 18.95 on 04-Sep-2013. Last one week high and low of the scrip stood at Rs 25.95 and Rs 23.90 respectively. The current market cap of the company is Rs. 3272.51 crore. The Institutions and Non-Institutions held 53.71% and 46.29% respectively. South Indian Bank has reported results for fourth quarter and year ended March 31, 2014. The bank has posted a fall of 19% in its net profit at Rs 124.60 crore for the quarter ended March 31, 2014 as compared to Rs 153.83 crore for the same quarter in the previous year.  However, total income of the company has increased by 8.77% at Rs 1399.18 crore for quarter under review as compared to Rs 1286.37 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the bank has reported a marginally rise of 1.04% in its net profit at Rs 507.50 crore as compared to Rs 502.27 crore for FY13. Total income has increased by 12.88% at Rs 5383.53 crore for year under review as compared to Rs 4769.22 crore for the year ended March 31, 2013.