South Indian Bank Q2 FY27 Results: Record Net Profit Rises 21% to ₹426 Crore as Advances Grow More Than 31%
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South Indian Bank reported its highest-ever quarterly net profit of ₹426.13 crore in Q2 FY27, up 21.4% year-on-year, alongside 31.6% growth in gross advances and improved asset quality.
The South Indian Bank Limited reported its highest-ever quarterly net profit of ₹426.13 crore in Q2 FY27, compared with ₹351 crore in the corresponding quarter last year. Return on assets (RoA) improved to 1.08% from 1.02%, while return on equity (RoE) increased to 14% from 13.11%. Net interest margin (NIM) stood at 3.33%, against 2.80% a year earlier.
Gross advances increased 31.55% year-on-year to ₹1,09,517 crore, while deposits grew 18.72% to ₹1,37,279 crore. Retail deposits rose to ₹1,29,353 crore from ₹1,12,625 crore. The current account and savings account (CASA) ratio stood at 31.86%.
The South Indian Bank share price rose 3.71% to close at ₹51.48 on 15 October 2026 on the National Stock Exchange (NSE).
South Indian Bank Q2 Results: Consolidated Financial Highlights
South Indian Bank’s net interest income (NII) increased 38% year-on-year to ₹1,116 crore in Q2 FY27 from ₹808 crore. Total income rose 19.6% to ₹1,584 crore from ₹1,324 crore, while operating profit increased 37% to ₹732 crore from ₹535 crore.
Operating expenses rose 8% to ₹852 crore. Provisions and contingencies increased to ₹159 crore from ₹63 crore, but profit before tax still grew 21% to ₹573 crore. For H1 FY27, net profit reached ₹804 crore, up from ₹673 crore, while NII increased 30% to ₹2,140 crore.
What Do the Bank’s Advances And Deposit Figures Show?
The bank’s gross advances increased to ₹1,09,517 crore from ₹92,286 crore a year earlier. Its loan portfolio continued shifting towards retail, agriculture and micro, small and medium enterprises (MSMEs), which together accounted for approximately 61% of the loan book, compared with 60% a year earlier.
MSME advances grew to ₹15,490 crore from ₹13,424 crore, while gold loans increased to ₹26,603 crore from ₹18,845 crore. Home loans rose 15% to ₹15,490 crore, and mortgage loans increased 41% to ₹26,603 crore, as shown in the presentation’s segment charts. The bank also reported growth in personal loans and business-segment lending.
Deposits grew to ₹1,37,279 crore from ₹1,15,635 crore. Retail deposits reached ₹1,29,353 crore, while the low-cost non-resident Indian (NRI) deposit base increased to ₹14,844 crore from ₹11,081 crore. The cost of funds declined to 4.42% from 4.74%, while yield on funds stood at 7.36%, against 7.13% in Q2 FY26.
South Indian Bank reported a gross non-performing asset (GNPA) ratio of 1.24% in Q2 FY27, down from 2.93% a year earlier. The net non-performing asset (NNPA) ratio declined to 0.09% from 0.56%.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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