Suryoday SFB reports 43% year-on-year growth in disbursements at Rs1,121cr for Q3 FY'22

4 Feb 2022 , 02:23 PM

Suryoday Small Finance Bank Limited announced its results for the quarter ending December 2021 on Wednesday. The bank reported marginal growth in the overall revenues.

Disbursements for the Q3 FY22 stood at Rs 1,121.0 crore against Rs 785.3 crores in Q3 FY21, and Rs 1067 crore in Q2 FY22. Disbursements registered a growth of 5.0% sequentially and 43.0% year-on-year.

Its PAT stood at Rs 4.7 crore , as against Rs 1.1 crore for the previous corresponding quarter, reporting growth of 327% YoY. While a loss for the 9M period ended December 2021 stood at Rs 44.90 crore, as against a profit of Rs 54.90 crore for the 9M period ending December 2020.

The company’s total deposits for the quarter witnessed a downfall of 5.2% YoY at Rs 3,169.50 crore as against Rs 3,343.80 crore for the same quarter last year, and Q2 FY’22 at Rs 3,129 crore. 

Its gross advances grew sequentially by 9% at Rs 4,872.30 crore for Q3 FY’22 as against Rs 4,470.40 crore for Q2 FY’22, and annually by 24.7% at Rs 3,908 crore for Q3 FY’21.

Its Net Interest Income increased by 52.6% YoY at Rs 167.30 crore for Q3 FY’22 against Rs 109.60 crore for Q3 FY’21. NII for the 9M period gained 24% at Rs 438 crore against Rs 353.30 crore for the corresponding quarter.

As of 31st December 2021, GNPA was 10.5% at Rs 510.8 crore. While As of 31st December 2021 the CRAR of the Bank is 41.4% as compared to 41.1% as of 31st December 2020; Tier I comprise of 37.8% and Tier II comprises of 3.6%.

Suryoday SFB was last trading at Rs 140.55 at around 2.29 pm.