South Indian Bank Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
South Indian Bank reported a 17% year-on-year rise in net profit to INR378 crores for Q1 FY27, with net interest margin recovering to 3.23% after prior repo-rate cuts had compressed it. Gross advances grew 17% and deposits grew 11%, while asset quality metrics improved with gross NPA falling to 1.38% and net NPA to 26 basis points. Management also discussed a softer core fee income, muted MSME growth, and the upcoming departure of the MD and CEO P.R. Seshadri.
South Indian Bank reported its highest ever annual net profit of INR1,455 crores for FY26, up 12% year-on-year, with gross advances growing 14.5% and gross NPA falling to 1.43%. Management attributed the growth to gold loans, which rose 46% during the year, alongside continued expansion in mortgage, auto and MSME lending. The bank also reported a technical write-off of INR1,163 crores during the year and a decline in other income in Q4 due to weaker Treasury revenues.