South Indian Bank: Q2 FY27 Net Profit Rs. 426.13 Cr, GNPA at 1.24%
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 15 Oct 2026, 02:40 PM IST · BSE ID: 8c3d96d6-3a3c-430e-9765-b12de8249891
View Original BSE Filing (PDF)
💡
In Simple Terms
South Indian Bank's quarterly profit increased, with better asset quality and growth in both deposits and loans.
🤖 AI Summary
- South Indian Bank recorded Net Profit of Rs. 426.13 Cr in Q2 FY2026-27, up 21.28% from Q2 FY2025-26.
- Net Interest Income increased by 37.95% year-on-year to Rs. 1,116 Cr.
- Gross NPA improved by 169 bps to 1.24% from 2.93% on a year-on-year basis.
- Retail Deposits grew by 14.85% to Rs. 1,29,353 Cr, and Gross Advances increased by 18.67% to Rs. 1,09,517 Cr.
- Operating Profit rose by 37% year-on-year to Rs. 732 Cr.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit after tax
426 Cr
21%
Net Interest Income
1,116 Cr
38%
Gross NPA %
1.24%
(169 bps)
Operating Profit
732 Cr
37%
Gross Advance
1,09,517 Cr
19%
Retail Deposits
1,29,353 Cr
15%
NRI Deposit
38,203 Cr
15%
🏢 How This Affects the Company
The bank reported growth across targeted segments including Corporate Lending, MSME Loans, Housing Loans, Auto Loans, and Gold Loans, indicating expanded business activities.
Net Profit increased to Rs. 426.13 Cr, Net Interest Income reached Rs. 1,116 Cr, and Net Interest Margin improved to 3.33%, reflecting enhanced financial performance and profitability.
The bank's focus on acquiring quality assets with low-risk profiles, supported by leveraging digital technology, impacts its operational strategy for credit portfolio management.
A significant reduction in GNPA to 1.24% and NNPA to 0.09% indicates a decrease in credit risk exposure and improved asset quality.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results disclosure.
👤
Who Is Affected
Shareholders of South Indian Bank are affected by the improved financial performance and asset quality, which reflects the bank's operational health.
🔍
Management Signal
Management's statement emphasizes a strategic focus on sustained profitability, superior asset quality, resilient loan book, and robust retail liability portfolio.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — review Net Interest Income and asset quality trends
Updates on retail and corporate advances growth to track portfolio expansion
Further details on Net Interest Margin changes and operational efficiency improvements
LOW RISK
Improved asset quality with significant reductions in GNPA and NNPA, alongside profit growth.
💡 Investor Takeaway
South Indian Bank reported a Net Profit of Rs. 426.13 Cr in Q2 FY2026-27, up 21.28% YoY. Net Interest Income grew 37.95% to Rs. 1,116 Cr. GNPA improved to 1.24% from 2.93%.
⚖️ Strengths & Concerns
✅ Positives
- Net Profit increased by 21.28% to Rs. 426.13 Cr in Q2 FY2026-27, demonstrating higher profitability.
- Gross NPA decreased by 169 bps to 1.24%, and Net NPA dropped by 47 bps to 0.09%, indicating improved asset quality.
⚠️ Concerns
- Other income decreased by 9% year-on-year to Rs. 468 Cr in Q2 FY2026-27, impacting non-interest revenue streams.
- Provisions excluding tax increased by 151% to Rs. 159 Cr, reducing net profitability despite operational gains.
📅 Company Track Record
South Indian Bank's Q1 FY27 Net Profit was Rs. 378 Cr, up 17.39% from the prior year. This Q2 FY27 filing shows a continuation of profit growth and asset quality improvement, with GNPA further reducing from 1.38% in Q1 FY27 to 1.24%.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was South Indian Bank's Net Profit for Q2 FY2026-27?
South Indian Bank reported a Net Profit of Rs. 426.13 Cr for Q2 FY2026-27, representing a 21.28% growth compared to Rs. 351.37 Cr in Q2 FY2025-26.
How did South Indian Bank's Net Interest Income perform in Q2 FY2026-27?
Net Interest Income for South Indian Bank in Q2 FY2026-27 was Rs. 1,116 Cr, showing a growth of 37.95% on a year-on-year basis.
What were the Gross NPA and Net NPA percentages for South Indian Bank in Q2 FY2026-27?
Gross NPA for South Indian Bank came down to 1.24% from 2.93% (a 169 bps reduction), and Net NPA dropped to 0.09% from 0.56% (a 47 bps reduction) on a year-on-year basis.
What was the growth in South Indian Bank's Gross Advances in Q2 FY2026-27?
Gross advances for South Indian Bank grew by Rs. 17,231 Cr from Rs. 92,286 Cr to Rs. 109,517 Cr, showing an increase of 18.67% on a year-on-year basis.
How did South Indian Bank's Retail Deposits perform in Q2 FY2026-27?
Retail Deposits grew by Rs. 16,728 Cr from Rs. 1,12,625 Cr to Rs. 1,29,353 Cr, an increase of 14.85% on a year-on-year basis.
Questions based on this BSE filing only. For information purposes.