Suryoday Small Finance Bank Ltd Share Price – NSE  /  BSE

Banks, Small Cap

Suryoday Small Finance Bank will hold a meeting of the Board of Directors of the Company on 1 August 2024.

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Gross advances include Inter-bank participation certificates (IBPC) of Rs 550 crore for Q1 FY25 (Rs 400 crore for Q4 FY24).

Sequentially, gross advances rose 4% as compared to Rs 8,650 crore posted on 31 March 2024.

Disbursements for the quarter ended 30 June 2024 stood at Rs 1,740 crore, up 46% YoY and down 26% QoQ.

The bank’s total deposits grew by 42% YoY and 5% QoQ to Rs 8,137 crore reported in Q1 FY25. Retail deposits increased to Rs 6,418 crore and bulk deposits stood at Rs 1,719 crore during the quarter.

CASA ratio declined to 17.7% in Q1 FY25 as against 20.1% in Q4 FY24 and on YoY basis it increased from 14.9% in Q1 FY24.

Collection efficiency was at 101% as on 30 June 2024 as against 100.6% as on 31 March 2024 and 100.4% as on 30 June 2023.

Gross non-performing assets (NPAs) was at 2.67% as on 30 June 2024 as compared to 2.80% as on 31 March 2024 and 3% as on 30 June 2023.

Suryoday Small Finance Bank is a scheduled commercial bank. The bank has a wide presence across 15 states and UTs across India through its 577 banking outlets, with a strong presence in Maharashtra, Tamilnadu and Odisha.

The bank’s net profit surged 56.4% to Rs 60.84 crore in Q4 FY24 as compared to Rs 38.91 crore recorded in Q4 FY23. Total income jumped 40.2% YoY to Rs 509.36 crore in Q4 FY24.

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Suryoday Small Finance Bank has allotted 23,250 equity shares under ESOP. With this allotment, the paid up equity share capital has increased to Rs. 1,06,23,81,750/- comprising of 10,62,38,175 Equity Shares of Rs. 10/- each fully paid-up.

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Net profit of Suryoday Small Finance Bank rose 56.36% to Rs 60.84 crore in the quarter ended March 2024 as against Rs 38.91 crore during the previous quarter ended March 2023. Total Operating Income rose 34.97% to Rs 444.66 crore in the quarter ended March 2024 as against Rs 329.44 crore during the previous quarter ended March 2023.

For the full year,net profit rose 177.94% to Rs 215.96 crore in the year ended March 2024 as against Rs 77.70 crore during the previous year ended March 2023. Total Operating Income rose 34.22% to Rs 1588.70 crore in the year ended March 2024 as against Rs 1183.68 crore during the previous year ended March 2023.

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