South Indian Bank Q2 FY27: Profit up 21% to ₹426 cr

Record quarterly profit sets the tone

South Indian Bank Ltd. reported its highest-ever quarterly net profit for the second quarter ended September 30, 2026 (Q2 FY27). The Kerala-based private sector lender said net profit rose to ₹426.13 crore, compared with ₹351.37 crore in the same quarter last year. Multiple reports pegged the year-on-year growth at around 21% (21.28% to 21.4%). The update was shared through a regulatory filing and a board meeting outcome on October 15, 2026. The bank attributed the performance to its focus on profitability, superior asset quality, and a strong retail liability portfolio.

What the bank reported for Q2 FY27

In the exchange filing, South Indian Bank disclosed a clear improvement in earnings and core income metrics for the quarter. Net interest income (NII) climbed 38% year-on-year to ₹1,116 crore from ₹809 crore in the corresponding quarter of the previous fiscal. Total income increased to ₹3,264 crore, up from ₹2,923 crore a year ago. These numbers indicate broad-based improvement across interest income and other income lines captured within total income. Separately, one market snapshot cited a Q2 standalone net profit of ₹430 crore and revenue of ₹2,800 crore, underscoring minor variations in figures reported across sources.

Net profit: the key headline number

The headline number remained the jump in quarterly profit to about ₹426 crore. TradingView also referenced Q2 net profit as 4.26 billion rupees, which corresponds to roughly ₹426 crore. The year-ago comparison was consistently stated at around ₹351 crore in the September quarter of the previous fiscal. The bank’s commentary tied this performance to profitability initiatives and asset quality, though the filing excerpts in the provided text do not detail specific levers such as credit costs, margins, or operating expenses.

Income and NII show stronger operating momentum

Total income growth to ₹3,264 crore from ₹2,923 crore suggests the bank expanded its topline year-on-year in Q2. The sharper rise in NII to ₹1,116 crore from ₹809 crore highlights stronger core banking income in the quarter. In banking results, NII is closely tracked because it reflects the spread between interest earned and interest paid. The 38% jump in NII, as stated in the filing-based report, outpaced the growth in total income. This gap often signals either improving margins, stronger loan growth, improved funding costs, or a combination, though the provided data does not break these drivers down.

Full-year context from FY26 and FY25

The same compilation of information also included full-year net profit numbers for comparison beyond the quarter. South Indian Bank reported net profit of ₹1,455.64 crore in FY26 versus ₹1,303.10 crore in FY25. That represents an 11.71% increase year-on-year at the annual level, as stated in the text. These annual figures help frame Q2 FY27’s record quarterly profit within a trajectory of improving profitability over recent periods.

A note on differing figures across reports

While the bank’s Q2 profit was widely stated as ₹426 crore (₹426.13 crore in one reference), another snippet described Q2 standalone net profit as ₹430 crore. The same section also mentioned revenue reaching ₹2,800 crore and profit being ahead of market estimates of ₹400 crore. Because the provided material contains both sets of figures, it is important to read them as separate reported snapshots rather than a single reconciled statement. The exchange filing-based numbers in the text also specify total income of ₹3,264 crore and NII of ₹1,116 crore.

Key numbers at a glance

What it means for investors tracking bank earnings

For investors, record quarterly profit and higher NII are commonly read as signals of stronger underlying earnings quality. The bank itself linked the performance to profitability focus, superior asset quality, and strength in retail liabilities, which are important components for stable funding and credit performance. The mention of the result being above market estimates of ₹400 crore, in one snapshot, also suggests the quarter may have been viewed positively relative to expectations. At the same time, the presence of multiple figures for profit and revenue in the provided text makes it essential to rely on the regulatory filing for definitive reported numbers.

Conclusion

South Indian Bank’s Q2 FY27 update was led by a record quarterly profit of about ₹426 crore, alongside total income of ₹3,264 crore and NII of ₹1,116 crore as cited in filing-based reports. The year-on-year profit growth of roughly 21% marked a clear improvement versus the September quarter of the previous fiscal. The next concrete checkpoint for investors will be subsequent exchange updates and filings that provide fuller detail on asset quality, margins, and other drivers behind the quarter’s performance.