Suryoday Small Finance Bank Q2 FY27 Results: Standalone Net Profit ₹76.55 Crore on Total Income of ₹829 Crore

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew much faster than total income over the year, but more slowly than profit before tax. Net profit rose 151.7% from ₹30 crore to ₹77 crore, against a 165.2% rise in profit before tax and a 38.3% rise in total income. Other income of ₹126.92 crore was 121.8% of profit before tax of ₹104.24 crore, and tax expense of ₹27.69 crore was 26.6% of profit before tax, against ₹8.89 crore on ₹39.30 crore a year earlier.

Quarter on quarter the picture is different. Total income rose 7.7% and profit before tax 2.3%, while net profit rose 1.8%. Other income fell from ₹147.86 crore to ₹126.92 crore, a 14.2% decline, and the tax line rose from ₹26.72 crore to ₹27.69 crore. The table sets these figures side by side; the filing does not explain the movement in other income.

Interest earned was ₹702.46 crore against interest expended of ₹334.09 crore in the quarter, and provisions other than tax and contingencies were ₹41.26 crore. Net NPAs were ₹224.49 crore and the capital adequacy ratio was 19.37% as at 30 Sep 2026, against 20.03% a quarter earlier, according to the filing's ratio table.

Inference

The filing says the board approved the results on 29 Oct 2026 and that the joint statutory auditors issued an unmodified limited review report on them. Net worth stood at ₹2,156.72 crore as at 30 Sep 2026, and paid-up equity share capital at ₹106.30 crore.

Ranjit Jayant Shah, a Non-Executive Non-Independent (Investor) Director, completes a total tenure of eight years permitted under the Banking Regulation Act, 1949, at close of business on 1 Nov 2026, and ceases to hold office from 2 Nov 2026. The filing does not say who, if anyone, will replace him, and that is what a reader would most want to know.

The filing says the bank has no outstanding secured listed non-convertible debt securities and no exposure to project finance. The bank allotted 6,325 equity shares under ESOP 2019 in the half year.

Reference: Original filing (PDF)