South Indian Bank Reports Robust Net Profit of Rs. 377.63 Cr. for Q1 FY 2026-27

South Indian Bank Reports Robust Net Profit of Rs. 377.63 Cr. for Q1 FY 2026-27​

South Indian Bank has announced a net profit of Rs. 377.63 Cr. for the first quarter of FY 2026-27, marking a significant growth of 17.29% compared to the Rs. 321.95 Cr. reported in Q1 FY 2025-26.

The bank's performance during the period was characterized by substantial improvements in asset quality and steady growth across key lending segments. Notably, the Gross Non Performing Assets (GNPA) saw a year-on-year reduction of 177 bps, falling from 3.15% to 1.38%. Similarly, Net Non Performing Assets (NNPA) dropped by 42 bps, moving from 0.68% to 0.26%.

In terms of income, the bank achieved its highest-ever Net Interest Income of Rs. 1,025 Cr., representing a 23.05% year-on-year growth. The Provisioning Coverage Ratio (PCR) also saw an uptick, with the PCR excluding write-offs increasing by 247 bps to 81.40%, while the PCR including write-offs rose by 569 bps to 94.51%.

Growth in Deposits and Advances​

The bank observed significant expansion in its deposit portfolio, particularly in retail and NRI segments. Retail deposits grew by Rs. 14,938 Cr. to reach Rs. 1,24,306 Cr., a 13.66% increase. NRI deposits rose by 12.82%, reaching Rs. 36,432 Cr. Furthermore, CASA grew by 14.61%, driven by a 16.51% rise in Savings Bank deposits and a 6.95% increase in Current Accounts.

On the lending side, Gross advances grew by 17.01%, rising from Rs. 89,198 Cr. to Rs. 1,04,368 Cr. Key growth drivers included:

• Gold Loan Portfolio: Increased by 42.90% to Rs. 24,930 Cr.
• Mortgage Loans: Grew by 78.65% to Rs. 5,856 Cr.
• Corporate Segment: Rose by 12.38% to Rs. 41,704 Cr., with 98.81% of large corporate segments rated A and above.
• Business Segment: Increased by 13.67% to Rs. 14,391 Cr.
• Vehicle Loans: Rose by 12.63% to Rs. 2,497 Cr.

Financial Performance Overview​

The following table summarizes the year-on-year growth for the quarter ended June 30, 2026:

Management Commentary​

Commenting on the results, Mr. P R Seshadri, MD & CEO of the Bank, stated that the strategy remains focused on sustained profitability, superior asset quality, and a resilient loan book. He highlighted that the bank is leveraging digital technology and sharpening its organizational structure to meet business objectives.

The leadership noted that during this period, the bank saw consistent growth across targeted segments, specifically focusing on quality assets in Corporate Lending, Auto Loans, and Gold Loans. The management emphasized their "Profitability through Quality Credit Growth" strategy, which has led to onboarding new advances with low-risk profiles to ensure a healthy credit portfolio.

TECHM Stock Price Movement​

Tech Mahindra Limited shares edged higher today to close at ₹1510.3, gaining 1.13% from the previous session. The stock finished the day with a total turnover of 2.90 million shares traded.