South Indian Bank Q3 FY26 Net Profit Rises 9% to ₹374 Cr.
The South Indian Bank reported a record Q3 FY26 Net Profit of ₹374.32 Cr., up 9% YoY. Nine-month Net Profit rose 9% to ₹1047.64 Cr. Gross NPA decreased to 2.67% and Net NPA to 0.45%. Deposits grew 13% and advances 11%. MD & CEO highlighted strong performance and focus on quality credit growth.
The announcement details strong financial performance, record profits, and significant improvements in asset quality, which are material factors for investors and stakeholders. These results are likely to positively influence market perception and stock performance.
The bank reported record profits, significant year-on-year growth in key financial metrics like Net Profit, Deposits, and Advances, and a substantial improvement in asset quality (reduction in NPAs). The MD & CEO's commentary is also positive, emphasizing strategic success and commitment to growth.
The South Indian Bank Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The bank reported a record quarterly Net Profit of ₹374.32 Crore for Q3 FY26, marking a 9% growth compared to ₹341.87 Crore in the same quarter of the previous fiscal year.
For the nine-month period ending December 2025, the Net Profit increased by 9% to ₹1047.64 Crore, up from ₹960.69 Crore in the corresponding period of FY25. Pre-Provisioning Operating Profit for the quarter saw a 10% increase, rising from ₹528.84 Crore in Q3 FY25 to ₹584.33 Crore in Q3 FY26. Non-Interest Income grew by 19% year-on-year, from ₹409.22 Crore to ₹485.93 Crore.
The bank demonstrated positive operating leverage for the nine months ended December 2025, with a 7.44% increase in Net Total Income against a 3.61% increase in Operating Expense compared to the previous year. Asset quality improved significantly, with Gross NPA reducing by 163 basis points to 2.67% and Net NPA dropping by 80 basis points to 0.45% year-on-year. The Provision Coverage Ratio (PCR) also saw substantial improvement.
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% year-on-year, with Savings Bank accounts up by 14% and Current Accounts by 20%. Gross Advances grew by 11% year-on-year to ₹96,764 Crore. Significant growth was observed in the Gold Loan portfolio, up 26%, and Vehicle Loans, up 24%. The bank's Capital Adequacy Ratio stood strong at 17.84% as of December 2025.
Mr. P. R. Seshadri, MD & CEO, stated that the bank's strategy continues to drive strong business performance, with healthy growth across segments and a focus on maintaining asset quality. He emphasized the bank's commitment to quality credit growth, prudent risk management, and value creation for stakeholders.
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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.