South Indian Bank Q3 Results: Stock in focus on Friday after Q3 profit rises 9%, asset quality improves

Shares of South Indian Bank Ltd. will be in focus on Friday, January 16, in response to the lender's results for the October-December period.

Net profit for the quarter increased by 9% from last year to ₹374 crore. The lender's other income stood at ₹486 crore.

The lender's Net Interest Income, or core income that it earns, rose by 1% on a year-on-year basis to ₹881 crore from ₹869 crore during the same quarter last year.

Asset quality saw a marginal improvement compared to the September quarter. Gross NPA stood at 2.67% from 2.93% in September, while Net NPA stood at 0.45% from 0.56% in September.

In its third quarter business update, the Kerala-based lender said its gross advances rose 11.27% year-on-year to ₹96,765 crore as of December, compared to ₹86,966 crore a year ago.

The bank said that, adjusted for a technical write-off of ₹900 crore carried out in the March 2025 quarter, year-on-year loan growth would have been 12.43%.

Total deposits increased 12.17% YoY to ₹1.18 lakh crore, up from ₹1.05 lakh crore in the year-ago period, reflecting sustained traction in core liabilities.

Shares of South Indian Bank closed 5.11% higher on Wednesday ahead of the results announcement at ₹42.54. The stock has risen over 12% so far in 2026.