Quarterly Result15 Oct 2026, 02:41 pm
South Indian Bank Records Highest Ever Quarterly Net Profit of ₹426.13 Cr
AI Summary
South Indian Bank Ltd. announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The bank achieved a record net profit of ₹426.13 Crore for Q2 FY 2026-27, marking a 21.28% increase from ₹351.37 Crore in the same period last year. Key highlights include the highest ever Net Interest Income of ₹1,116 Crore (up 37.95% YoY), an operating profit of ₹732 Crore (up 37% YoY), and improved Net Interest Margin to 3.33%. Asset quality saw significant improvement with Gross NPA down to 1.24% and Net NPA at 0.09%. Deposits grew by 14.85% YoY to ₹1,29,353 Crore, while advances increased by 18.67% YoY to ₹109,517 Crore.
Key Highlights
- Highest ever Net Profit of ₹426.13 Cr in Q2 FY27, up 21.28% YoY.
- Net Interest Income reached ₹1,116 Cr, a 37.95% YoY increase.
- Gross NPA reduced to 1.24% and Net NPA to 0.09% YoY.
- Deposits grew 14.85% YoY to ₹1,29,353 Cr.
- Gross advances increased 18.67% YoY to ₹109,517 Cr.
Price Impact
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