South Indian Bank Q3 FY26 Net Profit at ₹374 Cr, Up 9%; Gross NPA Drops to 2.67%
South Indian Bank reported a record Q3 FY26 Net Profit of ₹374.32 Cr, up 9% YoY. Nine-month Net Profit grew 9% to ₹1047.64 Cr. Gross NPA reduced to 2.67% and Net NPA to 0.45%. Deposits grew 13% to ₹1,15,563 Cr, and Gross Advances increased 11% to ₹96,764 Cr. Capital Adequacy Ratio is 17.84%.
The announcement details record profits and significant improvements in asset quality and growth metrics, which are material positive developments for the bank's financial health and investor confidence.
The bank reported record profits, significant growth in key financial metrics like Net Profit, Deposits, and Advances, coupled with a substantial reduction in NPAs and an improvement in PCR, indicating strong financial performance.
The South Indian Bank Limited has announced its revised unaudited financial results for the quarter and nine months ended December 31, 2025. The bank reported a highest-ever quarterly Net Profit of ₹374.32 Crore for Q3 FY2025-26, marking a 9% increase from ₹341.87 Crore in Q3 FY2024-25.
For the nine-month period ended December 2025, the Net Profit rose by 9% to ₹1047.64 Crore, compared to ₹960.69 Crore for the same period in the previous year. Pre-Provisioning Operating Profit for the quarter increased by 10% to ₹584.33 Crore, up from ₹528.84 Crore in Q3 FY25. Non-Interest Income saw a significant growth of 19% year-on-year, increasing from ₹409.22 Crore to ₹485.93 Crore.
Asset quality showed marked improvement, with Gross NPA reducing by 163 basis points to 2.67% and Net NPA dropping by 80 basis points to 0.45% on a year-on-year basis. The Provision Coverage Ratio (PCR) excluding write-offs increased by 1177 basis points to 83.5%, and including write-offs, it rose by 1050 basis points to 91.57%. The Slippage Ratio also decreased by 17 basis points to 0.16%.
On the deposit front, Retail Deposits grew by 13% year-on-year to ₹1,15,563 Crore, and NRI Deposits increased by 9% to ₹33,965 Crore. CASA grew by 15%, with Savings Bank deposits up by 14% and Current Account deposits by 20%. Gross Advances grew by 11% year-on-year to ₹96,764 Crore. Vehicle Loan portfolio saw a growth of 24%. The bank's Capital Adequacy Ratio stood strong at 17.84% in December 2025.
Mr. P. R. Seshadri, MD & CEO, stated that the bank's strategy continues to drive strong business performance with healthy growth across all major segments, focusing on maintaining asset quality and profitable credit growth. The financial results include those of its wholly-owned subsidiary, SIBOSL.
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