&w=3840&q=100)
Suryoday Small Finance Bank slips 7% on posting Q1 results; PAT 50% down
At 12:38 PM, Suryoday Small Finance Bank share price was trading 4.08 per cent lower at ₹132.8 per share on BSE. In comparison, BSE Sensex was down 0.79 per cent at 81,536.82. The market capitalisation of the company stood at ₹1,411.46 crore.
Suryoday Small Finance Bank Q1FY26 results
Suryoday Small Finance Bank posted its first quarter ended June 30, 2025, results on Thursday, after market hours. In Q1, the company reported a 49.6 per cent decline in net profit to ₹35.3 crore, as compared to ₹70.1 crore a year ago. Its net interest income (NII) stood at ₹247.1 crore as compared to ₹293.2 crore a year ago, down 15.7 per cent.
Gross advances grew 20 per cent year-on-year (Y-o-Y) to ₹10,846 crore as compared to ₹9,037 crore. Deposits grew 39 per cent to ₹11,312 crore as compared to ₹8,137 crore Y-o-Y. Current account savings account was flat Y-o-Y to 17.7 per cent.
Gross non-performing asset (GNPA) increased 579 bps to 8.5 per cent and net non-performing asset (NNPA) was up 520 bps to 5.6 per cent.
Disbursements stood at ₹2,261 crore in Q1 FY26 as compared to ₹1,740 crore in Q1FY25, an increase of 30 per cent Y-o-Y.
The bank, in its statement, said that the microfinance sector's stress continued to weigh on the NII and credit costs, thereby impacting profitability for the quarter. However, with improved collection efficiency in Inclusive Finance and the underlying strength of the Bank's diversified portfolio-especially the secured retail and MSME segments-positions it well for improved performance going forward.
It added: Looking ahead, the bank remains confident in its strategy of continuing focus on individual loans (Vikas Loan) in Inclusive Finance, diversifying the asset mix, strengthening the deposit franchise, and leveraging digital platforms. The investments made in credit protection mechanisms, customer acquisition through digital platforms, and focused execution in priority segments are expected to support consistent and profitable growth through FY26 and beyond.
About Suryoday Small Finance Bank Limited
Suryoday Small Finance Bank Limited is a scheduled commercial bank. Commencing its operations as an NBFC and for over a decade with a clear focus on serving customers in the unbanked and underbanked segments and promoting financial inclusion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
a few seconds ago
- Business Standard
IndusInd Bank Q1 profit drops 72% to ₹604 crore; NII falls to ₹4,640 crore
Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore. Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period. It had reported a loss of Rs 2,329 crore in the preceding March quarter, and the interim management, which has taken over operations of the business after the resignation of leadership including then chief executive Sumant Kathpalia, had said that all the possible impacts are recognised. Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period. The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore. Decline in fee and other income was relatively limited, with the overall number dropping to Rs 2,157 crore from Rs 2,442 crore in the year-ago period. The gross non-performing assets ratio for the lender increased to 3.64 per cent in June against 3.13 per cent in March, but the provisions declined on-quarter to Rs 1,760 crore from Rs 2,522 crore. IndusInd Bank Chairman Sunil Mehta said the bank has delivered "clean and profitable" results in the June quarter, marking a "robust recovery" from the March quarter. "The Committee of Executives has ensured seamless continuity and effective execution during this phase. The Bank has taken decisive action on legacy issues, strengthened governance, and enhanced operational controls," he said. The overall capital adequacy of the lender stood at 16.63 per cent as of June 30, and included a core buffer of 15.48 per cent. Indusind Bank shares closed 2.62 per cent down at Rs 802.15 on BSE ahead of the results announcement, as against a 0.70 per cent correction on the benchmark Sensex.
Hans India
a few seconds ago
- Hans India
NSDL IPO Opens on July 30: Price, GMP, Lot Size, Subscription Details
The Initial Public Offering (IPO) of National Securities Depository Ltd. (NSDL) will open for subscription on Wednesday, July 30. NSDL is a SEBI-registered Market Infrastructure Institution (MII), and it will be listed on the BSE. GMP (Grey Market Premium) Today – July 28 As of 5 p.m. on July 28, the grey market premium (GMP) for the NSDL IPO was ₹137 per share, according to Investorgain. This suggests that NSDL shares might list at around ₹937 per share, which is 17.12% higher than the IPO's top price of ₹800. ⚠️ Note: GMP is unofficial and based on market guesswork. Important Details of NSDL IPO Total Issue Size: ₹4,011.60 crore (Offer for Sale only – 5.01 crore shares). Price Band: ₹760 to ₹800 per share. Lot Size: 18 shares per lot. Minimum Investment (Retail): ₹13,680 (1 lot). sNII Minimum Investment: ₹2,01,600 (14 lots). bNII Minimum Investment: ₹10,08,000 (70 lots). IPO Dates
News18
38 minutes ago
- News18
Indusind Bank Q1 profit drops 72 pc to Rs 604 cr
Agency: PTI Mumbai, Jul 28 (PTI) Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore. Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period. It had reported a loss of Rs 2,329 crore in the preceding March quarter, and the interim management, which has taken over operations of the business after the resignation of leadership including then chief executive Sumant Kathpalia, had said that all the possible impacts are recognised. Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period. The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore. Decline in fee and other income was relatively limited, with the overall number dropping to Rs 2,157 crore from Rs 2,442 crore in the year-ago period. The gross non-performing assets ratio for the lender increased to 3.64 per cent in June against 3.13 per cent in March, but the provisions declined on-quarter to Rs 1,760 crore from Rs 2,522 crore. IndusInd Bank Chairman Sunil Mehta said the bank has delivered 'clean and profitable" results in the June quarter, marking a 'robust recovery" from the March quarter. 'The Committee of Executives has ensured seamless continuity and effective execution during this phase. The Bank has taken decisive action on legacy issues, strengthened governance, and enhanced operational controls," he said. The overall capital adequacy of the lender stood at 16.63 per cent as of June 30, and included a core buffer of 15.48 per cent. Indusind Bank shares closed 2.62 per cent down at Rs 802.15 on BSE ahead of the results announcement, as against a 0.70 per cent correction on the benchmark Sensex. PTI AA MR view comments First Published: July 28, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
