SOUTHBANK

The South Indian Bank share price & financials

Price
₹48.46
Market cap
₹12.6k Cr
Sector
Financial Services
Calls analysed
6
Latest concall · Q1 FY27 · call held 17 Jul 2026

The South Indian Bank Limited Q1 FY27

Net Profit ₹378 cr +17%RoE 12.84% NIM 3.23%

What went well

  • Net Profit for Q1 FY27 was INR378 crores, registering a growth of 17% compared to INR322 crores in Q1 FY26.
  • Net Interest Income (NII) reached INR1,025 crores, the highest ever for the quarter, marking a 23% growth YoY.
  • Gross Advances grew by 17% YoY to INR104,368 crores (18% excluding write-offs), driven by strong growth in gold loans (43%), mortgage (34%), and auto loans (34%).

What to watch

  • Fee income was soft, declining QoQ, and lower YoY due to one-off items and technical reasons, though management expects recovery.
  • Recoveries for the quarter were lower than normal at INR179 crores, compared to INR800-1,000 crores expected for the full year.
Read the full call →

What The South Indian Bank Limited does

The South Indian Bank Limited is an old private-sector bank offering retail, MSME, agricultural and corporate banking through a pan-India branch and ATM network, alongside NRI banking and remittance services drawing on its strong base among the Kerala diaspora. It earns primarily through interest income on advances (retail, gold, mortgage, auto, personal and business loans) and deposit mobilisation (CASA and term deposits), supplemented by fee income and treasury operations. The bank has been shifting its loan mix away from large corporate exposure toward granular retail and MSME lending, and has built a suite of in-house straight-through-processing (STP) digital lending platforms to speed up loan origination.

Segments

  • Corporate Banking
  • MSME / B-Segment
  • Agriculture
  • Retail / Personal Segment
Branches
948
Employees
9,239
States/UTs covered
26 states / 4 union territories
Customers
8.2 million
ATMs / cash recyclers (CRM)
1,269
Geographic loan-book split
Kerala, rest of South India and rest of India each contributing a meaningful share (no single region dominant)
Founded 1929Headquarters Thrissur, KeralaEmployees 9,239 (Q3 FY26 (December 2025)) Company website

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 6 delivered 6 missed 8 open
  • NIM Trajectory delivered said Q1 FY26 Promised: bottom in Q2, spreads widen in Q3 Q1 FY27: NIM continued to improve significantly to 3.23% in Q1 FY27, well past the initial recovery phase.
  • MSME Growth missed said Q1 FY26 Promised: close to about 15% to 18% Q1 FY27: FY26 target was missed. New commentary suggests a renewed focus on MSME growth in Q2 FY27.
  • Corporate Book as % of Total Advances at risk said Q2 FY26 Promised: bring the corporate book down to about third of our total book Q1 FY27: Management acknowledged that corporate credit grew this quarter, contrary to the long-term goal, justifying it as a temporary, opportunistic move in an uncertain environment. This puts the medium-term target at risk.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 11.3%, net profit up 17.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue2,355 2,371 2,373 2,362 2,407 +2%2,518 +6%2,559 +8%2,628 +11%
Net profit325 342 342 322 351 +8%374 +9%408 +19%378 +17%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +60.2% 1Y

₹30.0₹35.0₹40.0₹45.0₹50.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Oct 2025Q3 FY26 — 16 Jan 2026Q4 FY26 — 7 May 2026Q1 FY27 — 17 Jul 2026

1Y: ₹28.83 on 10 Sept 2025 → ₹46.18. High ₹48.49 (18 Jun 2026), low ₹28.64 (29 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
−1.7%
17 Jul
Q4 FY26
−1.8%
7 May
Q3 FY26
+3.6%
16 Jan
Q2 FY26
−0.9%
17 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 10.8% a year over 3 years, FY23 to FY26.

Year endingFY23FY24FY25FY26
Revenue₹7.2k Cr₹8.6k Cr₹9.4k Cr₹9.8k Cr
Interest₹4.2k Cr₹5.3k Cr₹5.9k Cr₹6.4k Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net profit₹775 Cr₹1.1k Cr₹1.3k Cr₹1.5k Cr
Net margin10.7%12.4%13.8%14.8%
Cash from operations₹-7.3k Cr₹7.1k Cr₹-2.4k Cr₹3.9k Cr
Free cash flow₹-7.4k Cr₹6.9k Cr₹-2.5k Cr₹3.8k Cr
ROE12.0%14.0%14.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹209 Cr₹209 Cr₹209 Cr₹262 Cr₹262 Cr₹262 Cr
Reserves₹5.6k Cr₹5.6k Cr₹6.5k Cr₹8.6k Cr₹10.4k Cr₹11.2k Cr
Borrowings₹4.1k Cr₹3.3k Cr₹7.0k Cr₹3.9k Cr—₹3.9k Cr
Deposits₹82.7k Cr₹89.1k Cr₹91.7k Cr₹101.9k Cr—₹123.3k Cr
Other liabilities₹1.5k Cr₹1.8k Cr₹2.4k Cr₹2.8k Cr₹3.1k Cr₹3.1k Cr
Total liabilities₹94.1k Cr₹100.1k Cr₹107.7k Cr₹117.4k Cr₹136.0k Cr₹141.8k Cr
Fixed assets₹755 Cr₹752 Cr₹754 Cr₹966 Cr₹1.0k Cr₹1.0k Cr
Capital work in progress₹40 Cr₹59 Cr₹124 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹20.3k Cr₹21.4k Cr₹24.6k Cr₹24.0k Cr₹30.7k Cr₹27.3k Cr
Other assets₹73.0k Cr₹77.8k Cr₹82.2k Cr₹92.5k Cr₹104.3k Cr₹113.4k Cr
Total assets₹94.1k Cr₹100.1k Cr₹107.7k Cr₹117.4k Cr₹136.0k Cr₹141.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −10.95 pp while FIIs added +7.81 pp. The shareholder count shrank 5% to 11,43,415.

FIIs
25.4%
DIIs
14.2%
Public
60.4%

Since Jun 2025

  • Public −10.95 pp
  • FIIs +7.81 pp
  • DIIs +3.14 pp

How it drifted, 12 quarters

Over this window the public fell from 78.4% to 60.4% — −18.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: FIIs 15.0%, DIIs 6.6%, Public 78.4%.Dec '23: FIIs 14.7%, DIIs 7.6%, Public 77.7%.Mar '24: FIIs 15.2%, DIIs 4.6%, Public 80.2%.Jun '24: FIIs 13.4%, DIIs 5.1%, Public 81.5%.Sep '24: FIIs 11.5%, DIIs 5.3%, Public 83.3%.Dec '24: FIIs 11.5%, DIIs 7.3%, Public 81.3%.Mar '25: FIIs 12.0%, DIIs 10.4%, Public 77.6%.Jun '25: FIIs 17.6%, DIIs 11.1%, Public 71.3%.Sep '25: FIIs 17.9%, DIIs 11.9%, Public 70.2%.Dec '25: FIIs 20.9%, DIIs 13.8%, Public 65.3%.Mar '26: FIIs 24.2%, DIIs 12.8%, Public 63.0%.Jun '26: FIIs 25.4%, DIIs 14.2%, Public 60.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of The South Indian Bank Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bandhan Small Cap Fund Mutual fund4.70%unchanged
Yusuffali Musaliam Veettil Abdul Kader . 4.30%unchanged
Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund Mutual fund4.22%unchanged
Swedbank Robur Global Emerging Markets Global fund house2.93%unchanged
SBI Banking & Financial Services Fund Mutual fund2.51%+1.44 pp
California Public Employees' Retirement System Sovereign2.43%+0.18 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in SOUTHBANK

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 1 sold out — net −5.35 L shares (−0.8%).

Held by funds
₹297 Cr
2 schemes
Biggest holder
SBI Banking And Financial Services Fund
₹219 Cr · 2.0% of that fund
SchemeHoldingLast month
SBI Banking And Financial Services Fund SBI Mutual Fund₹219 Crheld
SBI ELSS Tax Saver Fund SBI Mutual Fund₹78 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net −5.35 L shares (−0.8%)

Funds are sitting on
+20%
vs est. average cost
Held by funds
₹297 Cr
2 schemes · ≈ 2.5% of the company
Biggest holder
SBI Banking And Financial Services Fund
₹219 Cr · 2.0% of that fund

Shares held by these funds +644%

Nov '25 6.56 cr shares Jul '26

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse The South Indian Bank Limited

Guides on how to read this kind of business and the numbers that matter.