SURYODAY
Suryoday Small Finance Bank share price & financials
- Price
- ₹175.09
- Market cap
- ₹1.7k Cr
- Sector
- Financial Services
- Calls analysed
- 6
Suryoday Small Finance Bank Limited Q1 FY27
What went well
- Gross advances registered a year-on-year growth of 32.5% to INR 14,376 crores.
- Deposit base grew 29.4% year-on-year to INR 14,634 crores, with retail deposits comprising 87.3%.
- Adjusted GNPA stood at 2.9% and NNPA at 0.3% after accounting for INR 134 crores receivable under the CGFMU scheme.
What to watch
- Vehicle finance PAR increased to 11.5% from 10.1% last quarter, attributed to fuel prices and load availability issues.
- Yield on non-NPA advances declined to 16.1% from 17.2% due to a 4% reduction in the share of IF business.
What Suryoday Small Finance Bank Limited does
Suryoday Small Finance Bank is a scheduled commercial bank built around financial inclusion, lending to semi-urban and urban households through Joint Liability Group (JLG) micro-loans and individual Vikas Loans, and graduates JLG borrowers to Vikas Loans after a curation period as their credit history builds. Alongside this inclusive-finance book it runs a secured Retail Assets business covering mortgages/loans-against-property, commercial vehicle (including used-CV) and construction-equipment financing, and MSME lending. It funds this lending through retail term deposits, CASA and digital fixed deposits gathered across its branch network and digital channels, and cross-sells a secured credit card and a UPI-based credit line to its deposit customers. Roughly 98% of its inclusive-finance portfolio carries CGFMU credit-guarantee cover.
Segments
- Inclusive Finance (IF)
- Retail Assets (RA)
- Liabilities / Deposits
- Customer base
- 4.2 million
- Banking outlets
- 717
- Geographic footprint
- 16 states and union territories
- Employees
- 8,574
- Branch mix
- 383 asset-focused outlets, 137 liability-focused outlets, 197 rural centers
- Credit Line on UPI reach
- ~11 lakh pre-qualified customers; ~5.3 lakh sanctioned
Guidance record · Q1 FY27
what the last two calls moved 32 tracked 6 delivered 6 missed 20 open- CASA Ratio delivered said Q1 FY26 Promised: Reach the 20% range in the coming quarters. Q1 FY27: CASA ratio reported at 21.0%, remaining above the original target range.
- CGFMU Claim Amount missed said Q3 FY26 Promised: ₹200 crores to ₹300 crores in Q1 FY27. Q1 FY27: The bank accounted for ₹134 crores receivable under the CGFMU scheme in Q1, which is significantly below the guided range of ₹200-300 crores.
- Cost-to-income ratio revised down said Q3 FY26 Promised: Well below the 65% mark in FY27. Q1 FY27: Guidance further diluted to a range of '67% to 70%', moving further away from the original 'well below 65%' target.
All 32 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 25.7%, net profit up 114.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 507 | 488 | 471 | 495 | 520 +3% | 544 +11% | 602 +28% | 622 +26% |
| Net profit | 45 | 33 | -34 | 35 | 30 −33% | 37 +12% | 50 +247% | 75 +114% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +16.9% 1Y
1Y: ₹126.65 on 10 Sept 2025 → ₹148.05. High ₹194.31 (23 Jul 2026), low ₹116.44 (24 Feb 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.6%
- 24 Jul
- Q4 FY26
- +11.5%
- 8 May
- Q3 FY26
- −4.9%
- 23 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 22.2% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.2k Cr | ₹1.6k Cr | ₹2.0k Cr | ₹2.2k Cr |
| Interest | ₹436 Cr | ₹626 Cr | ₹848 Cr | ₹1.1k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹78 Cr | ₹216 Cr | ₹114 Cr | ₹152 Cr |
| Net margin | 6.6% | 13.6% | 5.8% | 7.0% |
| Cash from operations | ₹-98 Cr | ₹935 Cr | ₹1.3k Cr | ₹652 Cr |
| Free cash flow | ₹-190 Cr | ₹879 Cr | ₹1.1k Cr | ₹577 Cr |
| ROE | 5.0% | 13.0% | 6.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹106 Cr | ₹106 Cr | ₹106 Cr | ₹106 Cr | ₹106 Cr | ₹106 Cr |
| Reserves | ₹1.5k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.7k Cr | ₹1.9k Cr | ₹2.0k Cr |
| Borrowings | ₹1.7k Cr | ₹2.6k Cr | ₹2.8k Cr | ₹2.4k Cr | — | ₹3.1k Cr |
| Deposits | ₹3.3k Cr | ₹3.9k Cr | ₹5.2k Cr | ₹7.8k Cr | — | ₹14.0k Cr |
| Other liabilities | ₹193 Cr | ₹270 Cr | ₹344 Cr | ₹352 Cr | ₹457 Cr | ₹689 Cr |
| Total liabilities | ₹6.7k Cr | ₹8.2k Cr | ₹9.9k Cr | ₹12.4k Cr | ₹16.6k Cr | ₹19.9k Cr |
| Fixed assets | ₹35 Cr | ₹66 Cr | ₹163 Cr | ₹152 Cr | ₹290 Cr | ₹293 Cr |
| Capital work in progress | ₹8 Cr | ₹49 Cr | ₹1 Cr | ₹17 Cr | ₹0 Cr | ₹5 Cr |
| Investments | ₹1.9k Cr | ₹2.1k Cr | ₹2.6k Cr | ₹2.6k Cr | ₹3.4k Cr | ₹3.7k Cr |
| Other assets | ₹4.8k Cr | ₹6.0k Cr | ₹7.1k Cr | ₹9.6k Cr | ₹12.9k Cr | ₹15.9k Cr |
| Total assets | ₹6.7k Cr | ₹8.2k Cr | ₹9.9k Cr | ₹12.4k Cr | ₹16.6k Cr | ₹19.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Suryoday Small Finance Bank Limited
Guides on how to read this kind of business and the numbers that matter.