04 Jul 2024

Suryoday Small Finance Bank zooms on reporting 42% rise in gross advances during Q1FY25

Suryoday Small Finance Bank is currently trading at Rs. 196.10, up by 6.10 points or 3.21% from its previous closing of Rs. 190.00 on the BSE.

The scrip opened at Rs. 199.00 and has touched a high and low of Rs. 201.20 and Rs. 193.00 respectively. So far 137002 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 219.55 on 03-May-2024 and a 52 week low of Rs. 142.85 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 201.20 and Rs. 187.05 respectively. The current market cap of the company is Rs. 2069.52 crore.

The promoters holding in the company stood at 22.40%, while Institutions and Non-Institutions held 16.95% and 60.66% respectively.

Suryoday Small Finance Bank’s gross advances stood at Rs 9,037 crore (provisional) as of June 30, 2024 (Q1FY25), posting a 42% rise in year-on-year (YoY) terms against Rs 6,372 crore as of June 30, 2023.

Its disbursement grew 46% to Rs 1,740 crore (provisional) as of June 30, 2024, as compared to Rs 1,190 crore as of June 30, 2023. Total deposits stood at Rs 8,137 crore (provisional) as of June 30, 2024, posting a 42% rise in year-on-year terms against Rs 5,722 crore as of June 30, 2023. CASA Ratio stood at 17.7% as of June 30, 2024 versus 14.9% as of June 30, 2023.

Suryoday Small Finance Bank commenced its microfinance operations in 2009 and offers a variety of asset and liability products and services designed for inclusive finance and general banking customers.