The South Indian Bank Limited Q2 2027 Earnings Recap

South Indian Bank’s shares rose 5.4% after earnings, with investors responding to record quarterly profit and sharply higher net interest income. The quarter also included a notable caveat: management said part of the current-account deposit increase came from one-off IPO-related flows and may not be sustained.

Key Takeaways

• Net profit reached a quarterly record of INR 426 crore, up 21% year over year; net interest income rose 38% to INR 1,116 crore.
• Deposits grew 19% to INR 137,279 crore and gross advances grew 19% to INR 109,517 crore. CASA increased 18% to INR 43,310 crore.
• NIM was 3.33%, up 10 basis points sequentially and 53 basis points year over year. ROA was 1.08% and ROE was 12%.
• Asset quality improved: gross NPA fell to 1.24% from 2.93% a year earlier, while net NPA declined to 0.09% from 0.56%. Quarterly credit cost was 0.14%.
• Management said some current-account inflows were one-off IPO funds and cautioned they may slip; it also described provisioning as account-based and said it had made no additional floating, contingent, or standard provisions.