
Shares of Suryoday Small Finance Bank dipped 1.32% to ₹132 on October 29, trading after the bank disclosed a 157% surge in Q2 net profit to ₹77 cr.
Operating profit leapt 84.8% to ₹146 cr, while net interest income climbed 43% year‑on‑year to ₹369 cr from ₹258 cr, surpassing analysts’ median estimate of ₹350 cr.
Gross advances hit ₹14,972 cr, up 34.6%, and total deposits rose 35% to ₹16,184 cr, signalling robust lending momentum; disbursements grew 27.4% to ₹3,096 cr, with the Vikas portfolio up 17.8%.
CEO Baskar Babu Ramachandran said the bank will continue to push Vikas loans and expand secured lending, while sharpening digital banking to capture quality customers, aiming for disciplined growth and improved collections.