Microfinance Institutions company Suryoday Small Finance Bank announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total income decreased by 9.2% YoY from Rs 335.5 crore to Rs 304.8 crore. Net interest income (NII) decreased by 9.6% YoY from Rs 270.8 crore to Rs 244.7 crore. Pre-provision operating profit (PPOP) decreased by 63.7% YoY from Rs 128.3 crore to Rs 46.6 crore. Cost of Funds stood at 8.1% in Q4FY25 as compared to 7.4% in Q4FY24. Cost to income stood at 84.7% in Q4FY25 as compared to 61.7% in Q4FY24. Profit After Tax (PAT) stood at Rs -33.8 crore in Q4FY25 as against Rs 60.8 crore in Q4FY24. FY25 Financial Highlights: Total income increased by 12.0% YoY from Rs 1,182 crore to Rs 1,323 crore. Net interest income (NII) increased by 15.0% YoY from Rs 962 crore to Rs 1,106 crore. Pre-provision operating profit (PPOP) decreased by 14.3% YoY from Rs 454 crore to Rs 389 crore. Cost of Funds stood at 7.8% in FY25 as compared to 7.3% in FY24. Cost to income stood at 70.6% in FY25 as compared to 61.6% in FY24. Profit After Tax (PAT) decreased by 46.8% YoY from Rs 216 crore to Rs 115 crore. Gross NPA stood at 7.2% as on March’25, compared to 2.8% as on March’24. Net NPA stood at 4.6% as on March’25, compared to 0.8% in March’24. GNPA - Rs 734 crore, NNPA - Rs 457 crore, against which Rs 460 crore is receivable under CGMFU scheme. Healthy capital position with a CRAR at 25.8%; Tier I capital of 24.5% and Tier II capital of 1.4%. Baskar Babu Ramachandran, MD & CEO, Suryoday Small Finance Bank, said: The bank has achieved the milestone of advances as well as deposits crossing Rs 10,000 crore with gross advances at Rs 10,251 crore and deposits at Rs 10,580 crore. Non-IF book now constitutes over 50% of the total advances. In respect of IF book, the bank continues to cover the entire eligible portfolio under the CGFMU scheme. The external scenario in the microfinance sector has had an impact on the bank’s performance during FY25 with GNPA increasing from 2.8% in March’24 to 7.2% in March’25. Of the gross NPA of Rs 734 crore bank is carrying a provision of Rs 276.8 crore including floating provision. The unprovided portion of GNPA stands at Rs 457 crore against which expected CGFMU receivable is Rs 460 crore. The retail asset franchise, particularly the mortgages and wheels business, have shown substantial growth in FY25, thereby tilting in favor of the non-IF portfolio as a proportion to the total advances now crossing 50%. On the deposit front, there has been 36% growth from Rs 7,777 crore to Rs 10,580 crore, primarily driven by the retail franchise with CASA ratio of 20.9% and the consistent acquisition of deposits through the digital channel. The slippages in the IF portfolio primarily due to the overall microfinance market scenario has impacted the Net Interest Income and the credit costs, thereby impacting the profitability of the bank for the quarter. The bank continues to diversify its portfolio which is visible in the growth in the mortgages and wheels segment portfolio. In addition, the bank has started focusing on the MSME segment and expects reasonable traction in this segment in the near future. Overall, for the bank, FY25 has had its share of challenges which is completely mitigated by CGFMU cover and also its share of opportunities which is focused growth in the secured assets business and deposit franchise. The various initiatives driven by the bank over the past few years such as investment in credit guarantee cover, focus on digital product offerings both on the deposits side as well as the advances front and the targeted focus on MSME business are expected to drive the bank into FY26 and forward. Result PDF