Suryoday Small Finance Bank reported a 49.6% year-on-year decrease in profit after tax (PAT) to ₹35.3 crore for the first quarter of FY26. Total income decreased by 2.1% YoY to ₹355.8 crore. The bank's gross advances stood at ₹10,846 crore, up 20.0% YoY, and deposits increased by 39.0% YoY to ₹11,312 crore.
Q1 FY26 Financial Results (in ₹ crore)
Metric
Q1 FY26
Q1 FY25
YoY Change
Q4 FY25
QoQ Change
Net Profit (PAT)
35.3
70.1
-49.6%
Total Income
355.8
363.4
-2.1%
Gross Advances
10,846
9,037
+20.0%
10,251
+5.8%
Disbursements
2,261
1,740
+30.0%
2,101
+7.6%
Deposits
11,312
8,137
+39.0%
10,580
+6.9%
Net Interest Income (NII)
247.1
293.2
-15.7%
Pre-provision Operating Profit (PPOP)
108.9
144.3
-24.5%
Financial Performance
Gross Advances: Increased by 20.0% YoY, reaching ₹10,846 crore as of June 2025, compared to ₹9,037 crore in June 2024.
Disbursements: Rose by 30% YoY, totaling ₹2,261 crore in Q1 FY26, up from ₹1,740 crore in Q1 FY25.
Deposits: Grew by 39.0% YoY, reaching ₹11,312 crore as of June 2025, compared to ₹8,137 crore in June 2024.
Net Interest Income (NII): Decreased by 15.7% YoY, from ₹293.2 crore to ₹247.1 crore.
Pre-provision Operating Profit (PPOP): Decreased by 24.5% YoY, from ₹144.3 crore to ₹108.9 crore.
Cost of Funds: Stood at 7.9% in Q1 FY26, compared to 7.6% in Q1 FY25.
Cost to Income: Increased to 69.4% in Q1 FY26, compared to 60.3% in Q1 FY25.
Asset Quality
GNPA Ratio: Increased to 8.5% in Q1 FY26, compared to 2.7% in Q1 FY25 and 7.2% in Q4 FY25.
NNPA Ratio: Increased to 5.6% in Q1 FY26, compared to 0.4% in Q1 FY25 and 4.6% in Q4 FY25.
Operational Highlights
Collection Efficiency: Current bucket collection efficiency stood at 98.3%.
CASA Ratio: Stood at 17.7%.
Management Commentary
Mr. Baskar Babu Ramachandran, MD & CEO of Suryoday Small Finance Bank, stated that the bank started Q1 FY26 positively in terms of growth in gross advances and deposits. He highlighted that the non-Inclusive Finance (IF) book has crossed 52% of total advances, driven by strong growth in retail secured assets. The bank proactively managed credit risk, with GNPA at ₹918 crore and NNPA at ₹593 crore as of June 2025, with expected CGFMU claim receivable of approximately ₹584 crore.
Additional Information
Retail Deposit to Total Deposits: 81.6% in Q1 FY26, compared to 78.9% in Q1 FY25 and 81.1% in Q4 FY25.
Yield: 16.8% in Q1 FY26, compared to 20.1% in Q1 FY25 and 17.4% in Q4 FY25.
NIM: 7.2% in Q1 FY26, compared to 10.0% in Q1 FY25 and 7.8% in Q4 FY25.
Book Value Per Share (BVPS): ₹184.5 in Q1 FY26, compared to ₹176.8 in Q1 FY25 and ₹181.3 in Q4 FY25.
Check your Free Credit Score now
