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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Revenue over the Year and quarter: The company experienced a substantial growth of 36.31 % in the past year, substantial increase in revenue by 9.77 %.
- Profit over the Year and quarter: Significant improvement in profitability for Suryoday Small Finance Bank Limited. Notable increase of 47.18 % in net profit Year to Year, Suryoday Small Finance Bank Limited’s profitability increased by 15.15 % in this quarter.
- EPS over the Year and quarter: EPS increased by 47.32 % Year to Year. EPS increased by 15.18 % in previous quarter. Positive impact on shareholders.
- Gross NPA % over the Year and quarter: Gross NPA decreased by -3.4 % this quarter. Leading to a -6.58 % reduction over the past year.
- Net NPA % over the Year and quarter: Net NPA decreased by -45.35 % this quarter. Contributing to an overall annual reduction of -71.17 %.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 358.09 Cr | Rs. 444.66 Cr | Rs. 488.12 Cr | + 9.77 % | + 36.31 % |
Interest | Rs. 133.39 Cr | Rs. 173.88 Cr | Rs. 194.89 Cr | + 12.08 % | + 46.11 % |
Expenses | Rs. 212.32 Cr | Rs. 255.31 Cr | Rs. 270.66 Cr | + 6.01 % | + 27.48 % |
Financing Profit | Rs. 12.38 Cr | Rs. 15.47 Cr | Rs. 22.57 Cr | + 45.9 % | + 82.31 % |
Financing Margin % | 3.46 % | 3.48 % | 4.62 % | + 1.14 % | + 1.16 % |
Other Income | Rs. 51.04 Cr | Rs. 64.7 Cr | Rs. 70.15 Cr | + 8.42 % | + 37.44 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 63.42 Cr | Rs. 80.17 Cr | Rs. 92.72 Cr | + 15.65 % | + 46.2 % |
Tax % | 24.94 % | 24.11 % | 24.44 % | + 0.33 % | -0.5 % |
Net Profit | Rs. 47.6 Cr | Rs. 60.84 Cr | Rs. 70.06 Cr | + 15.15 % | + 47.18 % |
EPS in Rs | Rs. 4.48 | Rs. 5.71 | Rs. 6.55 | + 14.71 % | + 46.21 % |
Gross NPA % | 3.04 % | 2.94 % | 2.84 % | -0.1 % | -0.2 % |
Net NPA % | 1.63 % | 0.86 % | 0.47 % | -0.39 % | -1.16 % |
Today, we’re looking at Suryoday Small Finance Bank Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 36.31 %. However, it did see a marginal increase of 9.77 % from the previous quarter. Interest expenses surged remarkably by 12.08 % from the previous quarter, yet the year-over-year increase remains at a moderate 46.11 %. Expenses ticked up slightly by 6.01 % quarter-on-quarter, aligning with the annual rise of 27.48 %.
Financing profit, while up 82.31 % compared to last year, faced a quarter-on-quarter increase of 45.9 %, signaling a short-term expansion in margins. The Financing Margin % echoes this narrative, showing resilience on an annual basis with an increase of 1.16 %, but an expansion of 1.14 % sequentially. Other income rose by 8.42 % compared to the last quarter, despite an annual growth of 37.44 %. Profit before tax grew annually by 46.2 % but saw an increase from the preceding quarter by 15.65 %. Tax expenses as a percentage of profits decreased slightly by -0.5 % compared to last year, With a more notable quarter-on-quarter increase of 0.33 %.
Net profit rose by 47.18 % year-on-year, but experienced a 15.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 46.21 % but a quarterly rise of 14.71 %. The Gross NPA % indicates concerning trends with a quarterly drop of -0.1 % and an annual decline of -0.2 %, pointing to weakening recovery efforts and a deteriorating credit environment. In contrast, the Net NPA% exposes underlying challenges, showing a quarterly decrease of -0.39 % and an annual decline of -1.16 %, reflecting persistent vulnerabilities in asset quality and risk management. In summary, Suryoday Small Finance Bank Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Revenue | Rs. 358.09 Cr | Rs. 444.66 Cr | Rs. 488.12 Cr | + 9.77 % | + 36.31 % |
Interest | Rs. 133.39 Cr | Rs. 173.88 Cr | Rs. 194.89 Cr | + 12.08 % | + 46.11 % |
Expenses | Rs. 212.32 Cr | Rs. 255.31 Cr | Rs. 270.66 Cr | + 6.01 % | + 27.48 % |
Financing Profit | Rs. 12.38 Cr | Rs. 15.47 Cr | Rs. 22.57 Cr | + 45.9 % | + 82.31 % |
Net Profit | Rs. 47.6 Cr | Rs. 60.84 Cr | Rs. 70.06 Cr | + 15.15 % | + 47.18 % |
EPS in Rs | Rs. 4.48 | Rs. 5.71 | Rs. 6.55 | + 14.71 % | + 46.21 % |
Gross NPA % | 3.04 % | 2.94 % | 2.84 % | -0.1 % | -0.2 % |
Net NPA % | 1.63 % | 0.86 % | 0.47 % | -0.39 % | -1.16 % |
In reviewing Suryoday Small Finance Bank Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 36.31 % year-on-year growth, however, there was a minor increase of 9.77 % from the previous quarter. Interest expenses climbed by 12.08 % quarterly and sharply by 46.11 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 27.48 % compared to the previous year, with a 6.01 % increase quarter-on-quarter. Financing Profit surged by 82.31 % annually, and saw a 45.9 % increase from the last quarter.
Net Profit showed yearly increase of 47.18 %, and experienced a 15.15 % increase from the previous quarter. Earnings Per Share (EPS) rose by 46.21 % annually, however rose by 14.71 % compared to the last quarter. Gross NPA% decreased by -0.1 % quarterly and fell by -0.2 % annually, showcasing improvements in asset quality. Net NPA% worsened by -0.39 % quarterly and decreased by -1.16 % annually, showcasing effective recovery and risk management strategies. In essence, while Suryoday Small Finance Bank Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.