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Suryoday Small Finance Bank Ltd Q2FY24; 285% rise in Profits

Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.

Financial Results:

Suryoday Small Finance Bank Ltd reported Revenues for Q2FY24 of ₹375.00 Crores up from ₹281.00 Crore year on year, a rise of 33.45%.

Total Expenses for Q2FY24 of ₹359.00 Crores up from ₹289.00 Crores year on year, a rise of 24.22%.

Consolidated Net Profit of ₹50.00 Crores up 284.62% from ₹13.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.74, up 288.52% from ₹1.22 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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