Suryoday Small Finance Bank Limited has informed the Exchange regarding the Press Release on the Unaudited Financial Results of the Bank for the Quarter (Q-1) ended June 30, 2025.
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Awaiting price reaction for this filing.
Suryoday Small Finance Bank reported Q1 FY26 results showing strong growth on the balance sheet but weaker profitability. Gross Advances grew 20% YoY to Rs. 10,846 Cr, deposits jumped 39% YoY to Rs. 11,312 Cr, and disbursements rose 30% YoY to Rs. 2,261 Cr. However, Net Interest Income fell 15.7% YoY to Rs. 247.1 Cr and Profit After Tax halved to Rs. 35.3 Cr from Rs. 70.1 Cr a year ago, as Pre-provision Operating Profit dropped 24.5% to Rs. 108.9 Cr. Asset quality weakened sharply with GNPA rising to 8.5% and NNPA to 5.6%, though the bank says NNPA is fully covered by expected CGFMU claims of about Rs. 584 Cr. Cost-to-income worsened to 69.4% and NIM compressed to 7.2% from 10.0%, reflecting microfinance sector stress.
Mixed to negative for shareholders — strong loan and deposit growth is a positive, but sharply higher NPAs, falling NIM, and a roughly 50% drop in profit signal continued stress in the microfinance book, which may weigh on the stock in the near term despite the bank’s pivot toward secured retail and MSME lending.