National Stock Exchange of India Ltd., | BSE Ltd.

Key Financial Performance

  • Net Profit: ₹377.63 Cr for Q1 FY27, representing 17.29% growth compared to ₹321.95 Cr in Q1 FY26
  • Net Interest Income: ₹1,025 Cr (highest ever), showing 23.05% YoY growth from ₹833 Cr
  • Other Income: ₹379 Cr, decreased from ₹622 Cr YoY (-₹243 Cr)
  • Operating Profit: ₹592 Cr, decreased from ₹672 Cr YoY (-₹80 Cr)
  • Provisions (excluding tax): ₹84 Cr, significantly reduced from ₹239 Cr YoY (-₹155 Cr)
  • Profit Before Tax: ₹507 Cr, increased from ₹433 Cr YoY (+₹74 Cr)

Asset Quality Metrics

  • Gross NPA: 1.38%, improved by 177 bps from 3.15% YoY
  • Net NPA: 0.26%, improved by 42 bps from 0.68% YoY
  • PCR (excluding write off): 81.40%, increased by 247 bps from 78.93% YoY
  • PCR (including write off): 94.51%, increased by 569 bps from 88.82% YoY

Deposit Growth (YoY)

  • Retail Deposits: ₹1,24,306 Cr, grew by ₹14,938 Cr (13.66% growth) from ₹1,09,368 Cr
  • NRI Deposits: ₹36,432 Cr, grew by ₹4,139 Cr (12.82% growth) from ₹32,293 Cr
  • CASA: ₹41,495 Cr, grew by 14.61% YoY with:
  • Savings Bank: grew 16.51%
  • Current Account: grew 6.95%
  • CASA Ratio: 32.98%, improved from 32.06% YoY (+0.92%)

Advances Growth (YoY)

  • Gross Advances: ₹1,04,368 Cr, grew by ₹15,170 Cr (17.01% growth) from ₹89,198 Cr
  • Corporate Segment: ₹41,704 Cr, grew by ₹4,594 Cr (12.38% growth) in well-rated borrower accounts from ₹37,110 Cr
  • Gold Loan Portfolio: ₹24,930 Cr, grew by ₹7,484 Cr (42.90% growth) from ₹17,446 Cr
  • Business Segment: ₹14,391 Cr, grew by ₹1,731 Cr (13.67% growth) from ₹12,660 Cr
  • Mortgage Loan: ₹5,856 Cr, grew by ₹2,578 Cr (78.65% growth) from ₹3,278 Cr
  • Vehicle Loan Segment: ₹2,497 Cr, grew by ₹280 Cr (12.63% growth) from ₹2,217 Cr
  • Large Corporate Quality: 98.81% of large corporate segments rated A and above

Management Commentary

Mr. P R Seshadri, MD & CEO, stated the bank's strategy centers around sustained profitability, superior asset quality, resilient loan book, and robust retail liability portfolio. The bank is sharpening organizational structure and leveraging digital technology to achieve business objectives. The bank witnessed consistent growth across all targeted segments with focus on acquiring quality assets in Corporate Lending, Auto Loans, and Gold Loans. The strategic intent of 'Profitability through Quality Credit Growth' has been executed by onboarding new advances with low-risk profiles.

Additional Information

  • Financial results include results of wholly owned subsidiary SIBOSL
  • The bank has 953 branches, 2 Ultra Small Branches, 3 Satellite branches, 1148 ATMs, 126 CRMs across India, and a Representative Office in Dubai, UAE
  • Results hosted on bank's website: www.southindianbank.bank.in