Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation of Newspaper Advertisement of Audited Financial Results of the Bank for the Quarter (Q4) and Financial Year ended March 31, 2024 Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Intimation of Audio Recording of Conference Call on the Audited Financial Results of the Bank for the Quarter (Q4) and Financial Year ended March 31, 2024. Q4FY24 Quarterly & FY24 Annual Result Announced for Suryoday Small Finance Bank Ltd.
Suryoday Small Finance Bank announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Net interest income stood at Rs 270.8 crore in Q4FY24 as compared to Rs 210.1 crore in Q4FY23, an increase of 28.9% YoY Net total income stood at Rs 335.5 crore in Q4FY24 as compared to Rs 244.1 crore in Q4FY23, an increase of 37.4% YoY Cost of Funds increased to 7.4% in Q4FY24 compared to 6.8% in Q4FY23, however CoF has dipped marginally on sequential basis Cost to income excluding CGFMU expenses stood at 57.7% in Q4FY24 as compared to 58.3% in Q4FY23. Including CGFMU, cost to income for the quarter stood at 61.7%. Pre-Provisioning Operating Profit stood at Rs 128.3 crore in Q4FY24 as compared to Rs 101.7 crore in Q4FY23, an increase of 26.2% YoY. Pre-Provisioning Operating Profit excluding CGFMU stood at Rs 142.0 crore in Q4FY24 FY24 Financial Highlights: Net interest income stood at Rs 962.2 crore in FY24 as compared to Rs 746.6 crore in FY23, an increase of 28.9% YoY Net total income stood at Rs 1,181.6 crore in FY24 as compared to Rs 844.0 crore in FY23, an increase of 40.0% YoY Cost of Funds increased to 7.3% in FY24 as compared to 6.7% in FY23 Cost to income excluding CGFMU expenses stood at 57.1% in FY24 as compared to 60.0% in FY23. Cost to income including CGFMU expenses stood at 61.6% in FY24 Pre-Provisioning Operating Profit stood at Rs 453.9 crore in FY24 as compared to Rs 337.5 crore in FY23, an increase of 34.5% YoY. Pre-Provisioning Operating Profit excluding CGFMU stood at Rs 506.5 crore in FY24 Commenting on the performance, Baskar Babu, MD & CEO, Suryoday Small Finance Bank, said: "We are happy to share that FY24 has been a good year for the bank, with growth in all areas such as advances, deposits, and profitability. Gross Advances grew by 41.5% to Rs 8,650 crore in FY24, against the corresponding period last year. The growth is driven by continued focus on key businesses, i.e., Inclusive Finance, Commercial Vehicle, and LAP. The Vikas Loan portfolio has surpassed an AUM of Rs 2,600 crore, demonstrating a growth of over 118% over the previous financial year. Vikas Loan, which in effect is the individual loan product for graduating group loan customers, now constitutes over 53% of the Inclusive Finance portfolio. The Bank’s disbursement increased from Rs 5,083 crore in FY23 to Rs 6,919 crore in FY24, a growth of 36.1% on a YoY basis, with Vikas Loan and Commercial Vehicle Loans contributing substantially to the growth. Overall deposits increased from Rs 5,167 crore in FY23 to Rs 7,777 crore in FY24. The Bank continues to remain focused on building a granular retail deposit book. The retail deposits to total deposit ratio improved from 73.1% in FY23 to 78.8% in FY24. CASA as a percentage of overall deposits stood at 20.1% in Mar’24 versus 17.1% during Mar’23. In terms of asset quality, the GNPA stood at 2.8%^ at the end of FY24, down from 3.1% in FY23. Net NPA was 0.82%^ in FY24, compared to 1.5% in FY23. The bank continues to cover the eligible unsecured portfolio under the CGFMU scheme to mitigate any unforeseen risks. On the profitability front, the bank’s net interest income grew by 28.9% to Rs 962.2 crore in FY24, versus the same period last year. During the year gone by, the PPOP has registered a 34.5% growth to Rs 453.9 crore. The bottom line saw an improvement from Rs 77.7 crore in FY23 to Rs 216.0 crore in FY24. Going forward, our strategy would be to transition from predominantly being a micro-lender to becoming a micro-banker for low-income households with a sharp focus on going deeper into existing geographies and continuing to provide holistic banking services to our customers. Going granular on both the lending and deposit sides would be the key enabler to achieving our core strategy." Result PDF Suryoday Small Finance Bank Ltd - 543279 - Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2024
Disclosure of Related Party Transactions pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended March 31, 2024. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Investor Presentation
Disclosure of Investor Presentation on the Audited Financial Results of the Bank for the quarter (Q4) and Financial Year Ended March 31, 2024. Suryoday Small Finance Bank Ltd - 543279 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Appointment Of Statutory Auditors Of The Bank
Please find attached herewith disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Statutory Auditors of the Bank Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached herewith Press Release on the Audited Financial Results of the Bank for the quarter (Q4) and Financial Year ended March 31, 2024. Suryoday Small Finance Bank Ltd - 543279 - Audited Financial Results Of The Bank For The Quarter (Q4) And Financial Year Ended March 31, 2024
Please find attached herewith Audited Financial Results of the Bank for the quarter and Financial year ended March 31, 2024 Suryoday Small Finance Bank Ltd - 543279 - Board Meeting Outcome for Outcome Of Board Meeting Of The Bank Held On May 09, 2024- Approval Of The Audited Financial Results For The Bank For The Quarter (Q4) And Financial Year Ended March 31, 2024
Please find attached herewith Outcome of Board meeting of the Bank held on May 09, 2024- Approval of the Audited Financial Results for the Bank for the quarter (Q4) and Financial Year ended March 31, 2024 Suryoday Small Finance Bank Ltd - 543279 - Board Meeting Outcome for Outcome Of Board Meeting Of The Bank Held On May 09, 2024- Approval Of The Audited Financial Results For The Bank For The Quarter (Q4) And Financial Year Ended March 31, 2024
Please find attached herewith Outcome of Board meeting of the Bank held on May 09, 2024- Approval of the Audited Financial Results for the Bank for the quarter (Q4) and Financial Year ended March 31, 2024