Suryoday Small Finance Bank Q3 Results: Net profit jumps four-fold to Rs 57 crore

SECTIONSSuryoday Small Finance Bank Q3 Results: Net profit jumps four-fold to Rs 57 croreBy Atmadip Ray, ET BureauLast Updated: Feb 09, 2024, 12:02:00 AM ISTRate StoryFollow usShareFont SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsis

Operating profit before provision was higher at Rs 114 crore against Rs 63 crore. Net interest income was at Rs 246 crore as compared with Rs 183 crore, reflecting 34% rise.

ETMarkets.com

Kolkata: Suryoday Small Finance Bank on Thursday reported over four-fold jump in net profit at Rs 57 crore for the third quarter to December 31, 2023, against Rs 18 crore in the year-ago period.

Operating profit before provision was higher at Rs 114 crore against Rs 63 crore. Net interest income was at Rs 246 crore as compared with Rs 183 crore, reflecting a 34% rise.

Provision for the period was Rs 38 crore against Rs 40 crore earlier.

The bank's gross advances rose 41% year-on-year to Rs 7,600 crore at the end of December. Deposits rose 38% to Rs 6,484 crore with share of retail deposits stood at 82.5%.

Its gross NPA stood at 2.9% against 4.2% a year back. Net NPA stood at 1.4% versus 2.7%.


(You can now subscribe to our ETMarkets WhatsApp channel)