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Revenue
₹1,458 Cr
verification pending
Revenue YoY
10.2%
reported change
EBITDA
Pending
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Suryoday Small Finance Bank reported a strong Q4 FY26 with PAT of ₹152 crore (up 32% YoY) and revenue of ₹1,458 crore (up 10.2% YoY). The turnaround was driven by a sharp reduction in slippages to ₹106 crore (from ₹155 crore in Q3), improving collection efficiency to 99.7% in inclusive finance, and a strategic shift from JLG to individual lending (now 75% of inclusive finance portfolio). Management guided for 1.2% ROA in Q1 FY27, rising to 1.6% by Q4, supported by CGFMU claims of ₹450-550 crore and lower credit costs (~1%). Key risks include potential impact from crude price hikes on the CV portfolio and elevated cost of deposits.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects ROA to improve from 1.1% in Q4 FY26 to 1.2% in Q1 FY27, aided by higher paying book and PSLC sales, and reach 1.6% by Q4.
- Management targets doubling PAT to around ₹300 crore in FY27, driven by lower credit costs and improved asset quality.
- Credit cost expected to decline to ~1% in FY27 from elevated levels, supported by lower slippages and CGFMU claims.
- Management targets cost-to-income below 70%, improving from 73% in FY26, driven by operating leverage and digital efficiencies.
Risks flagged
- Cost of funds has hardened and remains elevated, with increased competition for deposits among small finance banks, potentially pressuring NIMs.
- A sustained increase in diesel prices beyond 10-15% could impact commercial vehicle borrowers, especially large fleet operators.
- Farm loan waivers announced in some states could spill over to MFI loans, causing localized stress, though management sees limited impact so far.
- Management has not yet submitted claims for FY27; delays in claim processing could delay balance sheet cleanup and GNPA reduction.
Key quotes
- We are targeting not to be in the range of 75 to 90 crores in a quarter for slippages.
- Our NIMs will be rangebound between 8 to 9%.
- We are looking at somewhere around 1% of credit cost for the whole of next year.
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