Suryoday SFB Q1 net profit more than doubles to ₹75 crore; net NPA drops to 1.27%

Private lender Suryoday Small Finance Bank Ltd on Thursday (July 23) reported a 114% year-on-year rise in net profit to ₹75 crore for the first quarter of FY27, compared with ₹35 crore in the corresponding period last year.

Net interest income (NII) increased 27.8% year-on-year to ₹316 crore from ₹247 crore. The bank’s asset quality improved during the quarter, with net non-performing assets (NPA) declining to 1.27% from 4.21% in the previous quarter.

ALSO READ | Suryoday Small Finance Bank Q1 profit doubles to ₹75 crore; net NPA improves to 1.27%

Gross non-performing assets (NPA) stood at 6.6% at the end of the quarter, compared with 6.55% in the preceding quarter.

Shares of Suryoday Small Finance Bank Ltd ended at ₹194.90, up by ₹13.80, or 7.62%, on the BSE.