South Indian Bank Q1 results: Net profit surges 10% YoY to ₹322 crore; NII declines 4%

South Indian Bank, on Thursday, July 17, reported a 10% year-on-year (YoY) surge in its net profit to ₹321.95 crore in the first quarter of FY26. In the corresponding period last year, its profit stood at ₹293.9 crore.

It clocked a net interest income (NII) of ₹832 crore in the quarter under review, slumping 4% YoY from ₹865 crore in the June quarter of FY25.

On the asset quality front, its gross non-performing assets (GNPA) contracted to 3.15% in Q1FY26, as against 3.20% in the previous quarter and 4.50% in the year-ago period. Furthermore, its Net NPA (NNPA) improved to 0.68% during the quarter from 0.92% in Q4FY25 and 1.44% in Q1FY25.

Its capital adequacy ratio increased to 19.48% from 18.11% in the same quarter of FY25.

The private sector bank's net income from operations was at ₹2,984.33 crore in the June FY26 quarter, rising 8.01% YoY from ₹2,763.13 crore in the corresponding period a year ago.

Its treasury segment generated a revenue of ₹731.14 crore, jumping 50.28% YoY from ₹486.51 crore in Q1FY25. However, its corporate or wholesale banking segment's revenue fell 0.24% YoY to ₹856.90 crore in the quarter under review, compared to ₹858.92 crore. The South Indian Bank's retail banking segment was its biggest revenue generator at ₹1,300.09 crore, surging 3.91% YoY from ₹1,251.16 crore. The retail banking segment includes digital banking (generating revenue worth ₹221.58 crore in Q1FY26) and the other retail banking segment (which generated revenue worth ₹1,078.51 crore during the quarter).

South Indian Bank stock performance

As of 2:11 pm, the shares of South Indian Bank were trading at ₹30.39 apiece, down 1.49% on the National Stock Exchange (NSE) on Thursday, following the announcement.

While the stock hit a 52-week high of ₹32.25 on July 2, 2025, it reached a year's low of ₹22.27 on November 2, 2024.

The South Indian Bank's total market capitalisation stood at ₹7,951.06 crore, as of July 17, 2025, as per data on the NSE.