Suryoday Small Finance Bank Reports Decline in Key Financial Metrics for Q3 FY24-25

Suryoday Small Finance Bank has recently reported its financial results for the third quarter of FY24-25, revealing notable shifts in key performance metrics. The bank's Profit Before Tax (PBT) recorded a figure of Rs -1.81 crore, contrasting sharply with the average PBT of Rs 18.79 crore observed over the previous four quarters. Additionally, the Profit After Tax (PAT) was reported at Rs 33.30 crore, which is lower than the average of Rs 58.38 crore from the prior periods.
The operating profit also saw a decline, reaching Rs 31.81 crore, marking the lowest level in the last five quarters, while the operating profit margin adjusted to 6.52%. Furthermore, the Gross Non-Performing Assets (NPA) ratio rose to 5.53%, indicating an uptick in stressed loans, with the Net NPA also reaching its highest point in five quarters at 3.13%.

Despite a year-on-year increase in interest earned, which amounted to Rs 995.05 crore, reflecting a growth of 26.60%, the overall financial condition of Suryoday Small Finance Bank suggests a challenging environment, as evidenced by the decline in earnings per share, which now stands at Rs 3.13.

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