Suryoday Small Finance Bank Ltd Q2 FY2024-25 net profit lower at Rs. 45.39 crores

Suryoday Small Finance Bank Limited has reported Standalone financial results for the period ended September 30, 2024.

Financial Results (Q2 FY2025) - QoQ Comparison

The company has reported total income of Rs. 554.65 crores during the period ended September 30, 2024 as compared to Rs. 558.27 crores during the period ended June 30, 2024.

The company has posted net profit / (loss) of Rs. 45.39 crores for the period ended September 30, 2024 as against net profit / (loss) of Rs. 70.06 crores for the period ended June 30, 2024.

The company has reported EPS of Rs. 4.24 for the period ended September 30, 2024 as compared to Rs. 6.55 for the period ended June 30, 2024.

Financials	Q2 FY2025	Q1 FY2025	% Change
Total Income	₹ 554.65 crs	₹558.27 crs	-0.65%
Net Profit	₹45.39 crs	₹70.06 crs	-35.21%
EPS	₹4.24	₹6.55	-35.27%

Financial Results (Q2 FY2025) - YoY Comparison

The company has reported total income of Rs. 554.65 crores during the period ended September 30, 2024 as compared to Rs.426.99 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs.45.39 crores for the period ended September 30, 2024 as against net profit / (loss) of Rs.50.30 crores for the period ended September 30, 2023.

The company has reported EPS of Rs.4.24 for the period ended September 30, 2024 as compared to Rs.4.61 for the period ended September 30, 2023.

Financials	Q2 FY2025	Q2 FY2024	% Change
Total Income	₹ 554.65 crs	₹426.99 crs	29.90%
Net Profit	₹45.39 crs	₹50.30 crs	-9.76%
EPS	₹4.24	₹4.61	-8.03%

Financial Results (Half Year Ended FY2025) - YoY Comparison

The company has reported total income of Rs.1112.92 crores during the 6 Months period ended September 30, 2024 as compared to Rs.836.12 crores during the 6 Months period ended September 30, 2023.

The company has posted net profit / (loss) of Rs.115.45 crores for the 6 Months period ended September 30, 2024 as against net profit / (loss) of Rs.97.90 crores for the 6 Months period ended September 30, 2023.

The company has reported EPS of Rs.10.79 for the 6 Months period ended September 30, 2024 as compared to Rs.9.09 for the 6 Months period ended September 30, 2023.

Financials	Half Year Ended FY2025	Half Year Ended FY2024	% Change
Total Income	₹1112.92 crs	₹836.12 crs	33.11%
Net Profit	₹115.45 crs	₹97.90 crs	17.93%
EPS	₹10.79	₹9.09	18.70%

Asset Quality:

Asset Quality	Q2 FY2025	Q1 FY2025	Q2 FY2024
Gross NPA	₹273.02 crs	₹240.99 crs	₹197.73 crs
Gross NPA %	3.03%	2.84%	2.90%
Net NPA	₹70.19 crs	₹38.91 crs	₹97.94 crs
Net NPA %	0.80%	0.47%	1.46%

Gross NPA was at ₹ 273.02 crs in Q2 FY2025 against ₹ 197.73 crs in Q2 FY2024. The same was at ₹ 240.99 crs in Q1 FY2025.

Net NPA was at ₹ 70.19 crs in Q2 FY2025 against ₹ 97.94 crs in Q2 FY2024. The same was at ₹ 38.91 crs in Q1 FY2025.

GNPA was at 3.03% of Gross advances as on September 30, 2024 as compared to 2.90% as on September 30, 2023 and 2.84% as of June 30, 2024.

Net NPA was at 0.80% of Gross advances as on September 30, 2024 as compared to 1.46% as on September 30, 2023 and 0.47% as of June 30, 2024.

Ratios	Q2 FY2025	Q1 FY2025	Q2 FY2024
RoA %	0.35%	0.56%	0.48%
CAR (BASEL III) %	24.95%	27.27%	30.23%

Return on Average Assets (RoA) is at 0.35% for Q2 FY2025 against 0.56% in Q1 FY2025 and 0.48% in Q2 FY2024.

In Q2 FY2025, Bank's total Capital Adequacy Ratio (CAR) was at 24.95%, as compared to 27.27% in Q1 FY2025 and 30.23% in Q2 FY2024.

Shares of Suryoday Small Finance Bank Limited was last trading in BSE at Rs. 156.05 as compared to the previous close of Rs. 156.10. The total number of shares traded during the day was 19044 in over 848 trades.

The stock hit an intraday high of Rs. 163.15 and intraday low of 154.20. The net turnover during the day was Rs. 3019691.00.

Source : Equity Bulls

Keywords

SuryodaySmallFinanceBank Q2FY25 H1FY25 Q2FY2025 H1FY2025 ResultUpdate