South Indian Bank Q2FY27 Results: Profit up 21% to ₹426 Cr, NIM at 3.33%
The South Indian Bank reported a 21% YoY increase in Q2FY27 profit to ₹426 crore. Net Interest Income rose 38% to ₹1,116 crore. Gross Advances grew 20% to ₹1,09,517 crore, and Deposits increased 19% to ₹1,37,279 crore. GNPA improved to 1.24% and NNPA to 0.09%.
The announcement details strong quarterly financial results, including significant profit growth, improved asset quality, and healthy expansion in advances and deposits. These are material financial events that directly impact investor perception and the company's valuation.
The bank reported strong growth in profit and key financial metrics like Net Interest Income, Advances, and Deposits. Asset quality has also shown significant improvement, with reduced NPAs and a high PCR. These positive financial and operational developments indicate a favorable outlook.
The South Indian Bank Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The bank reported a Profit After Tax of ₹426 crore for Q2FY27, a 21% increase compared to ₹351 crore in Q2FY26. Net Interest Income (NII) grew by 38% to ₹1,116 crore YoY.
The Net Interest Margin (NIM) improved to 3.33% in Q2FY27 from 2.80% in Q2FY26. Gross Advances reached ₹1,09,517 crore, a 20% year-on-year increase, while Deposits grew by 19% to ₹1,37,279 crore.
Asset quality saw significant improvement, with Gross NPA reducing to 1.24% and Net NPA to 0.09% as of September 30, 2026. The Provision Coverage Ratio (PCR) including write-offs stood at 97.84%.
The bank continues to focus on MSME and Retail lending, with these segments showing healthy growth. Digital initiatives are driving operational efficiency, with digital transactions forming 98.7% of total transactions in Q2FY27. The bank also highlighted its strong management team and robust financial performance.
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The South Indian Bank Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.