South Indian Bank Q2 FY27 Results: Profit Up 21%

What the latest filing signals

South Indian Bank has submitted its unaudited financial results for the quarter and half year ended September 30, 2026. The filing follows a board process that, as per stock exchange intimations, was aligned with disclosure timelines and compliance requirements. The bank indicated that the outcome of the board meeting included submission of the unaudited results to the exchanges. The update did not flag any major deviations alongside the submission.

The announcements matter because they combine two things investors track closely in private sector banks: quarterly profit momentum and balance-sheet growth metrics such as advances, deposits, and CASA. In parallel, the bank has also set up an investor communication touchpoint through an earnings conference call.

Board meeting: agenda and regulatory disclosures

South Indian Bank informed BSE that a meeting of the Board of Directors was scheduled on October 15, 2026. The stated agenda included considering and approving the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Separately, the corporate events notes also referenced board consideration for borrowing or raising funds via issue of debt securities, and convening the Annual General Meeting (AGM) of shareholders.

In another compliance-related update, the bank closed its trading window for securities from October 1, 2026. The closure was stated to remain in effect until 48 hours after the declaration of the unaudited financial results for the quarter ending September 30, 2026. Such trading window closures are common around results under insider trading compliance frameworks.

Q2 FY27: profit rises year-on-year

For the quarter ended September 30, 2026, South Indian Bank reported a consolidated net profit of ₹426.34 crore. This was stated as a 21% increase compared with ₹351.59 crore in the same quarter last year.

The bank’s consolidated total income for the second quarter of FY2026-27 was reported at ₹3,263.80 crore, compared with ₹2,922.57 crore year-on-year. The submission to the exchange was presented as timely, with the note that no major financial updates or deviations were disclosed beyond the reported numbers.

A separate exchange note on the board meeting outcome stated that South Indian Bank approved Q2/H1 FY27 results with standalone PAT of ₹426.1 crore, along with an unmodified limited review.

Q2 FY27 operating metrics: advances, deposits, CASA

Alongside results-related disclosures, the bank also reported business metrics for Q2 FY27 that highlight the pace of balance-sheet expansion. Gross advances and total deposits both posted near-identical year-on-year growth rates, suggesting expansion on both the asset and liability sides.

Gross advances were reported at ₹1,09,519 crore in Q2 FY27, up 18.67% year-on-year. Total deposits were reported at ₹1,37,258 crore, up 18.70% year-on-year. The reported CASA ratio was 31.55%, compared with 32.12% in Q4 FY26.

Adjusted growth: impact of the March 2026 write-off

The bank disclosed that during the quarter ended March 31, 2026, it had technically written off an amount of ₹1,048 crore. It also stated that, had this write-off not occurred, the year-on-year growth in gross advances as on September 30, 2026 would have been 19.81%.

This disclosure provides context to interpret reported advance growth in Q2 FY27. The bank also noted that the current reported figures are provisional and subject to audit by the statutory auditors.

Recent quarter context: Q1 FY27 EPS and income

In a separate recent update, South Indian Bank’s first quarter 2027 earnings were described with EPS of ₹1.44, compared with ₹1.23 in 1Q 2026. The same update reported revenue of ₹13.2 billion (₹1,320 crore), up 8.6%, and net income of ₹3.78 billion (₹378 crore), up 17%.

These figures are presented as a recent reference point for the bank’s earnings trend entering Q2 FY27. They also help readers compare profit growth rates across adjacent quarters as disclosed in the updates.

Investor communication: earnings call on October 16

South Indian Bank scheduled an earnings conference call for investors and analysts on October 16, 2026 at 16:00 IST. The call is intended to discuss the unaudited financial results for the quarter ended September 30, 2026.

The bank stated the call would be hosted by Managing Director and CEO Mahesh Muralidhar Pai, alongside key members of the senior management team. Dial-in details and an online registration link, including international toll-free access, were also mentioned as part of the communication.

Key numbers at a glance

Timeline of disclosures and events

What investors will track next

The next immediate checkpoint is management commentary during the scheduled investor call, which typically provides detail around quarter performance and key drivers within disclosed results. Investors will also watch follow-on filings connected to board items referenced in corporate events, including potential fund-raising through debt securities and AGM-related steps, where applicable.

For now, the disclosures highlight two clear signals from the reported data: a year-on-year rise in Q2 profit and income, and strong year-on-year growth in advances and deposits with a marginally lower CASA ratio versus Q4 FY26. Any additional detail would depend on what the bank chooses to share in the earnings call and subsequent exchange communications.