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.
| 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.
