South Indian Bank Q2 FY27 Earnings Call Transcript Released
South Indian Bank reported a record Q2 FY27 net profit of ₹426 crore, up 21% YoY. Deposits and advances grew 19% to ₹1,37,279 crore and ₹1,09,517 crore, respectively. NIM was 3.33%, and ROA stood at 1.08%. The bank aims for 15-16% loan growth in FY27 and has IRB 500 crore Tier 2 bond issuance approval.
The announcement details strong financial performance and positive future outlook, which are key factors influencing investor decisions and market sentiment.
The bank reported record profits, strong growth in deposits and advances, improved asset quality (lower NPAs), and healthy capital adequacy ratios. Management also provided positive guidance for future growth and profitability.
The South Indian Bank Limited has released the transcript of its conference call for investors and analysts held on October 16, 2026. This call provided an update on the bank's financial performance for the second quarter of fiscal year 2026-27.
Key financial highlights from the quarter include a record quarterly net profit of ₹426 crore, marking a 21% increase year-on-year. Total deposits grew by 19% to ₹1,37,279 crore, while gross advances saw a 19% rise to ₹1,09,517 crore. The bank's net interest margin (NIM) stood at 3.33%, up 53 basis points year-on-year. Return on assets (ROA) was reported at 1.08%, and return on equity (ROE) at 14%.
The bank also reported a significant increase in net interest income to ₹1,116 crore, a 38% growth year-on-year. Capital adequacy ratio was 19.40%, with a Tier 1 ratio of 18.71% as of September 30, 2026. CASA grew by 18% to ₹43,310 crore. The provision coverage ratio (PCR) improved to 97.84% (including write-offs) and 92.42% (excluding write-offs). Gross NPA reduced to 1.24%, and Net NPA reduced to 0.09%.
During the call, management discussed various aspects, including credit costs, deposit growth drivers, the potential impact of regulatory circulars on fee income, and the bank's outlook on NIMs and ROA targets. The bank aims to reach a medium-term ROA target of 1.25% to 1.30% and a long-term target of 1.5%. Loan and deposit growth guidance for FY27 is set at 15% to 16%, with a focus on retail, MSME, agri, and gold loans. The bank also plans to raise ₹500 crore in Tier 2 bonds.
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See the model portfoliosA plain-language summary of a public exchange filing by The South Indian Bank Limited. Read the original for the full detail.