SURYODAYSMALLFINANCEBANK Financial Services 28 Apr 2026

Suryoday Small Finance Bank Ltd — Q4 FY26

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).

bullish high

Revenue ₹1,458 Cr +10.2%

EBITDA —

PAT ₹152 Cr +32.2%

EBITDA Margin —

Duration 58 min

Read Time 1 min read

Financial stats pending filing verification

2-Minute Summary

✦ AI-Generated from Full Transcript

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.

Key Numbers

Slippages (Q4 FY26) ₹106 crore

-32% QoQ

Slippages reduced from ₹155 crore in Q3, driven by improved collections and portfolio quality.

Collection Efficiency (Inclusive Finance) 99.7%

+200bps YoY

Collection efficiency inched towards 99.7%, reflecting strong recovery in the MFI book.

CGFMU Claims Expected (FY27) ₹450-550 crore

N/A

Three cohorts eligible; claims will help reduce GNPA and improve paying book.

Digital Deposit Share (Incremental) 50%

+10pp YoY

Digital channel now contributes half of incremental deposits, with average ticket size of ₹1.25 lakh.

Management Guidance

ROA target of 1.2% in Q1 FY27, rising to 1.6% by Q4 FY27

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 guidance growth

PAT target of ~₹300 crore for FY27 (2x FY26)

Management targets doubling PAT to around ₹300 crore in FY27, driven by lower credit costs and improved asset quality.

Management guidance growth

Credit cost guidance of ~1% for FY27

Credit cost expected to decline to ~1% in FY27 from elevated levels, supported by lower slippages and CGFMU claims.

Management guidance margins

Cost-to-income ratio target of 67-68% for FY27

Management targets cost-to-income below 70%, improving from 73% in FY26, driven by operating leverage and digital efficiencies.

Management guidance margins

Key Risks

Elevated cost of deposits

Cost of funds has hardened and remains elevated, with increased competition for deposits among small finance banks, potentially pressuring NIMs.

medium · analyst_question

Impact of crude price hike on CV portfolio

A sustained increase in diesel prices beyond 10-15% could impact commercial vehicle borrowers, especially large fleet operators.

medium · management_commentary

Farm loan waiver spillover risk

Farm loan waivers announced in some states could spill over to MFI loans, causing localized stress, though management sees limited impact so far.

low · analyst_question

Timing uncertainty of CGFMU claims

Management has not yet submitted claims for FY27; delays in claim processing could delay balance sheet cleanup and GNPA reduction.

low · data_observation

Notable Quotes

We are targeting not to be in the range of 75 to 90 crores in a quarter for slippages.

Shashi · Senior Management

Our NIMs will be rangebound between 8 to 9%.

Kaneska · Senior Management

We are looking at somewhere around 1% of credit cost for the whole of next year.

Kaneska · Senior Management

Frequently Asked Questions

What was Suryoday Small Finance's revenue in Q4 FY26?

Suryoday Small Finance reported revenue of ₹1,458 Cr in Q4 FY26, representing a +10.2% change compared to the same quarter last year.

What guidance did Suryoday Small Finance management give for FY27?

ROA target of 1.2% in Q1 FY27, rising to 1.6% by Q4 FY27: 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. PAT target of ~₹300 crore for FY27 (2x FY26): Management targets doubling PAT to around ₹300 crore in FY27, driven by lower credit costs and improved asset quality. Credit cost guidance of ~1% for FY27: Credit cost expected to decline to ~1% in FY27 from elevated levels, supported by lower slippages and CGFMU claims. Cost-to-income ratio target of 67-68% for FY27: Management targets cost-to-income below 70%, improving from 73% in FY26, driven by operating leverage and digital efficiencies.

What are the key risks for Suryoday Small Finance in FY27?

Key risks include Elevated cost of deposits — Cost of funds has hardened and remains elevated, with increased competition for deposits among small finance banks, potentially pressuring NIMs.; Impact of crude price hike on CV portfolio — A sustained increase in diesel prices beyond 10-15% could impact commercial vehicle borrowers, especially large fleet operators.; Farm loan waiver spillover risk — Farm loan waivers announced in some states could spill over to MFI loans, causing localized stress, though management sees limited impact so far.; Timing uncertainty of CGFMU claims — Management has not yet submitted claims for FY27; delays in claim processing could delay balance sheet cleanup and GNPA reduction..

Did Suryoday Small Finance meet its previous quarter's guidance?

Scorecard data is being built as historical quarters are processed.

Where can I read the full Suryoday Small Finance Q4 FY26 concall transcript?

The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.