SIB Q2 FY27 earnings: highest quarterly profit of INR426 cr, NIM up 53 bps YoY
SOUTHBANK · price
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On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 3.4 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SIB posted highest quarterly net profit of INR426 cr in Q2 FY27, up 21% YoY. Deposits grew 19% to INR1.37 lakh cr and advances grew 19% to INR1.09 lakh cr. NIM improved 53 bps YoY to 3.33%. Gross NPA fell to 1.24% and net NPA to 0.09%, among the lowest in the industry. ROA stood at 1.08% and ROE at 14%. Management targets NIM of 3.45-3.50% in 12 months, medium-term ROA of 1.25-1.30% and long-term ROA of 1.5%. Loan and deposit growth guidance retained at 15-16%.
Strong results with clear roadmap to lift NIM to 3.45-3.50% and ROA toward 1.5% long term; positive for shareholders.