Suryoday Small Finance Bank reported a 33% YoY drop in Q2 FY26 net profit to ₹304.1 million, with gross NPAs rising to 5.93%. Interest income stood at ₹5.2 billion. The bank approved a ₹1,000 crore fundraising plan and maintained a strong capital adequacy ratio of 23.41% amid rising provisions.
Suryoday Small Finance Bank (SFB) reported its Q2 FY26 financial results, reflecting a mixed performance marked by a decline in profitability and a rise in asset stress. The bank posted a net profit of ₹304.1 million for the September quarter, down 33% year-on-year, despite a healthy interest income of ₹5.2 billion. The bank also announced a strategic fundraising plan of up to ₹1,000 crore to bolster its capital base.
Key Highlights from Q2 FY26:
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Net Profit: ₹304.1 million, a 33% YoY decline, attributed to higher provisioning.
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Interest Earned: ₹5.2 billion, indicating stable core income.
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Provisions & Contingencies: ₹398.5 million, partially offset by a ₹374.9 million benefit under the CGFMU scheme.
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Gross NPA Ratio: Rose sharply to 5.93% from 3.03% YoY, signaling asset quality concerns.
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Capital Adequacy Ratio: Remained strong at 23.41%, providing a cushion for future growth.
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Fundraising Plan: Board approved capital raise of up to ₹1,000 crore to support expansion and strengthen the balance sheet.
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Half-Yearly Net Profit: ₹656.9 million, down 43.1% YoY.
The bank continues to focus on digital transformation and financial inclusion, aiming to navigate macroeconomic headwinds with resilience.
Sources: Suryoday Bank Investor Relations, ScanX News.