Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Please find attached herewith intimation under regulation 30 of SEBI (LODR) Regulations, 2015, regarding allotment of Equity Shares of the Bank under ESOP Schemes. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith schedule of Analyst/ Institutional Investor Meetings- Outcome. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith schedule of Analyst/ Institutional Investor Meetings- Outcome. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith schedule of Analyst/ Institutional Investor Meetings- Outcome. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Change in Management
Intimation under Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Change in Senior Management Personnel (SMP) Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Please find attached herewith intimation under regulation 30 of SEBI (LODR) Regulations, 2015, regarding allotment of Equity Shares of the Bank under ESOP Schemes. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Please find enclosed herewith the Transcript of Conference call held on February 09, 2024 on the Unaudited Financial Results of the Bank for the quarter and Nine months ended December 31, 2023. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation of the Newspaper Advertisement regarding Unaudited Financial Results of the Bank for the quarter ended (Q-3) and the Nine months ended on December 31, 2023. Suryoday Small Finance Bank Ltd - 543279 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Disclosure of Audio Recording of Conference Call on the Unaudited Financial Results of the Bank for the Quarter (Q3) and Nine months ended December 31, 2023 Q3FY24 Quarterly & 9MFY24 Result Announced for Suryoday Small Finance Bank Ltd.
Suryoday Small Finance Bank announced Q3FY24 & 9MFY24 results: Financial highlights – Q3FY24 • Net interest income stood at Rs 245.7 crore as compared to Rs 183.4 crore, an increase of 33.9% year on year. • Net total income stood at Rs 297.6 crore as compared to Rs 209.1 crore, an increase of 42.3% year on year. • Cost of Funds increased to 7.5% compared to 6.7% in Q3FY23, however has remained the same on a sequential basis. • Cost to income excluding CGFMU expenses stood at 57.3% as compared to 69.7% in Q3FY23, including CGFMU, cost to income for the quarter stood at 61.6%. • Pre-Provisioning Operating Profit excluding CGFMU stood at Rs 127.2 crore as compared to Rs 63.3 crore an increase of 101.1% year on year. • Pre-Provisioning Operating Profit including CGFMU stood at Rs 114.2 crore as compared to Rs 63.3 crore, an increase of 80.5% year on year. Financial highlights – 9MFY24 • Net interest income stood at Rs 691.5 crore as compared to Rs 536.5 crore, an increase of 28.9% year on year. • Net total income stood at Rs 846.1 crore as compared to Rs 599.9 crore, an increase of 41% year on year. • Cost of Funds increased to 7.3% compared to 6.6% in the same period last year. • Cost to income excluding CGFMU expenses stood at 56.9% as compared to 60.7% in 9MFY23. • Cost to income including CGFMU expenses stood at 61.5%. • Pre-Provisioning Operating Profit excluding CGFMU stood at Rs 364.5 crore as compared to Rs 235.8 crore an increase of 54.6% year on year. • Pre-Provisioning Operating Profit including CGFMU stood at Rs 325.6 crore as compared to Rs 235.8 crore an increase of 38.1% year on year. Business Performance – Q3FY24 & 9MFY24 • The Bank's gross advances stood at Rs 7,600 crore as compared to Rs 5,408 crore in 9MFY23, an increase of 40.5% year on year. • Disbursements for 9MFY24 stood at Rs 4,580 crore as compared to Rs 3,396 crore, an increase of 34.9% year on year. • Disbursements for Q3FY24 stood at Rs 1,792 crore as compared to Rs 1,265 crore, an increase of 41.7% year on year. • Disbursement continues to grow, and we expect the momentum to continue in the coming quarters. • Vikas Loan disbursement witnessed a growth of 165% to Rs 738 crore in Q3FY24 as compared to Rs 279 crore in Q3FY23. • Deposits stood at Rs 6,484 crore as compared to Rs 4,697 crore, an increase of 38.1% year on year. • Share of retail deposits stood at 82.5%. • CASA ratio stood at 18.5%, compared to 14.1% in Q3FY23 and 15.7% in Q2FY24. • The collection efficiency for December 2023 stood at 95.6% (1 EMI Adjusted). • The Bank has ~26.3 lakh customers, an increase of 20.4% over the same period last year. • The total number of banking outlets stood at 672, with 99 being liability-focused outlets and 383 being asset-focused branches. • The total number of employees stood at 7,368. Asset Quality and Capital – 9MFY24 • Gross NPA stood at 2.9% against 4.2% year on year. • Net NPA stood at 1.4% versus 2.7% year on year. • Provision coverage ratio (excluding technical write-offs) stood at 54.3%. • CRAR of the Bank stood at 27.8%; Tier I capital of 25.7% and Tier II capital of 2.1%. Commenting on the performance, Baskar Babu, MD & CEO, Suryoday Small Finance Bank, said: "Our performance in the first nine months of FY24 highlights our commitment of consistent growth and improved profitability. Gross Advances witnessed a 40.5% to Rs 7,600 crore in 9MFY24 against the corresponding period last year. The growth is led by an overall performance demonstrated by the bank coupled with sustained momentum in the microfinance sector. Vikas Loan product continues to gain traction with AUM crossing Rs 2,000 crore. The disbursement for the bank increased from Rs 3,396 crore in 9MFY23 to Rs 4,580 crore in 9MFY24: a growth of 34.9% on a YoY basis. The disbursement growth is led by all products especially Vikas Loan which grew 97% YoY. The overall deposits increased from Rs 4,697 crore in 9MFY23 to Rs 6,484 in 9MFY24. We always focused on building a granular retail deposit book, the retail deposits including CASA as a % of overall deposits stood at 82.5% in 9MFY24 versus 77.9% during 9MFY23. Mobilization of low-cost CASA has resulted in stable cost of funds and improved deposit mix. In terms of asset quality, the GNPA stood at 2.9% at the end of 9MFY24, down from 4.2% in 9MFY23. Net NPA was 1.4% in 9MFY24 compared to 2.7% in 9MFY23. Overall Collection efficiency in the month of December 2023 was 100.1%. We continue to focus on growth and maintaining asset quality. Furthermore, the bank will continue to build floating provision and CGFMU cover to mitigate any unforeseen risks. Result PDF