Suryoday Small Finance Bank Ltd (NSE: SURYODAY) reported a Profit After Tax of ₹36.6 crore for the quarter ending December 2025, supported by a 32.5% year-over-year increase in deposits. Diversification into secured lending and digital deposit mobilization continues as individual Vikas Loans now constitute 72% of the inclusive finance book.
Current stock price, intraday percentage movement, and specific equity analyst commentary are not provided in the source materials. Suryoday Small Finance Bank (SURYODAY) is a scheduled commercial bank that commenced operations as a Small Finance Bank on January 23, 2017. The bank operates 712 banking outlets across 16 states and Union Territories, with a concentrated presence in Maharashtra, Tamil Nadu, and Odisha. As of December 31, 2025, the bank serves approximately 3.8 million customers.
Quarterly Results and Performance Highlights
Gross advances reached ₹11,885 crore in Q3 FY26, representing a 24.3% increase compared to ₹9,563 crore in Q3 FY25. Quarterly disbursements stood at ₹2,698 crore, an 83.9% increase year-over-year. The bank’s total deposit base grew to ₹12,865 crore, up 32.5% from ₹9,708 crore in the previous year. Retail deposits account for 87.0% of the total deposit book. The CASA (Current Account Savings Account) ratio improved to 21.2% from 19.5% year-over-year.
Profit After Tax for Q3 FY26 was ₹36.6 crore, a 9.8% increase over the ₹33.3 crore reported in Q3 FY25. Pre-provision operating profit (PPOP) rose 24.7% year-over-year to ₹89.0 crore. The yield on advances was 16.8%, while the cost of funds stood at 7.6%. Net Interest Income (NII) for the quarter was ₹276.8 crore, reflecting a 3.2% year-over-year growth.
Asset Quality and Growth Context
Gross Non-Performing Assets (GNPA) stood at 6.6% as of December 2025, compared to 5.5% in December 2024. Net Non-Performing Assets (NNPA) were 4.3%, up from 3.1% in the previous year. The Provision Coverage Ratio (PCR), excluding technical write-offs, declined to 36.6% from 44.7% year-over-year. Out of the total NNPA of ₹501 crore, approximately ₹467 crore is receivable under the CGFMU (Credit Guarantee Fund for Micro Units) scheme.
For the nine-month period ended December 31, 2025, the bank reported a PAT of ₹102.2 crore, a 31.3% decrease compared to ₹148.7 crore in the same period of the prior year. NII for the nine-month period decreased 9.2% to ₹782.2 crore. Capital adequacy remains at 21.9%, with Tier I capital at 21.0%.
Outlook and Strategy
The bank’s full-year guidance for FY26 projects advances growth between 30% and 35%. Deposits are expected to grow by 40% to 45% for the full year. The bank aims to achieve a secured asset mix of 55%, up from 46.7% in Q3 FY25. Strategic focus areas include scaling MSME lending, increasing individual Vikas Loans, and expanding digital deposits. Digital deposits currently exceed ₹1,400 crore, contributing over 11% of the total liability book.
Market Context and Trend Analysis
Specific 52-week context, market capitalization, and recent intraday trends are not contained in the sources. Potential reasons for investor caution include the year-over-year increase in GNPA from 5.5% to 6.6% and the decrease in the Provision Coverage Ratio. Additionally, the 31.3% decline in PAT for the nine-month period indicates a downward trend in profitability for the current fiscal year compared to the previous period.