Total Operating Income rise 36.31% to Rs 488.12 crore

Suryoday Small Finance Bank standalone net profit rises 47.18% in the June 2024 quarter

Suryoday Small Finance Bank on Thursday reported a 47 per cent rise in net profit at Rs 70 crore in the first quarter ended June 2024 due to decline in bad loans.

Suryoday Small Finance Bank Q1 results: Net profit rises 47% to Rs 70 cr

Suryoday Small Finance Bank reported a 46% jump in net profit for the June quarter at Rs 92.7 crore over Rs 63.4 crore in the year ago period. Its operating profit was 23% higher at Rs 144 crore against Rs 117 crore.

Suryoday Small Finance Bank Q1 Results: Profit jumps 46% to Rs 93 crore

The office space spread over a total 12 units across three wings of one of the towers of commercial complex L&T Seawoods Grand Central has a total carpet area of nearly 60,000 sq ft.

Suryoday Small Finance Bank buys office space in Navi Mumbai for Rs 100 cr

Deposits rose 42% to Rs 8,137 crore over a year ago, the bank said in its provisional quarterly business updates on Wednesday.

Suryoday Small Finance Bank’s Q1 Gross Advances Jump 42%

Suryoday Small Finance Bank stock has given a return of 75.82 percent over the last six months.

Suryoday Small Finance Bank rallies 6% on 6-fold surge in Q1 net profit

The bank is offering general public with interest at a rate of 4.00 percent to 8.60 percent, and senior citizens at a rate of 4.50 percent to 9.10 percent.

Suryoday Small Finance Bank revises its FD rates: These investors can now earn up to 9.1%

Senior citizen fixed deposit: Suryoday Small Finance bank offers an interest rate of 9.6 per cent to senior citizens for fixed deposits maturing in five years. Senior citizens can get an interest rate of 9.5 per cent for FDs maturing in 1001 days in Unity Small Finance Bank FDs. A few small finance …

Fixed deposit: 5 banks offer over 9% interest rates on senior citizen FDs

Suryoday Small Finance Bank on May 15, 2023 posted a net profit of Rs 39 crore for the March quarter of 2022-23 as bad loans fell. The bank had posted a net loss of Rs 48 crore for the same quarter a year ago. Total income during Q4 FY23 rose to Rs 363 crore from Rs 257 crore in the same quarter of …

Suryoday Small Finance Bank jumps 5% on the back of robust Q4 results

Suryoday Small Finance Bank on Monday posted a net profit of Rs 39 crore for the March quarter of 2022-23 as bad loans fell.

Suryoday Small Finance Bank posts profit of Rs 39 cr for Jan-Mar

The lender’s asset quality improved, with gross non-performing assets (NPAs) significantly falling to 3.13 per cent of gross advances as of March 31, 2023, from 11.8 per cent a year ago.

Suryoday Small Finance Bank posts profit of Rs 39 crore for Jan-Mar

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Suryoday Small Finance Bank is engaged in business of mortgage loans, commercial vehicles loans, loans to micro, small and medium enterprises.