Suryoday Small Finance Bank Q3 results: Net profit declines 42%, asset quality weakens

Suryoday SFB’s Q3 performance showcases a mixed bag of financial results, with growth in NII offset by a decline in net profit and an increase in NPAs.

Suryoday SFB’s Q3 performance showcases a mixed bag of financial results, with growth in NII offset by a decline in net profit and an increase in NPAs.

The Diageo-controlled liquor major’s revenue increased 14.4% to ₹3,433 crore, beating the Street projection. Shares of United Spirits Ltd ended at ₹1,500.85, up by ₹42.65, or 2.92%, on the BSE.

Having bounced back from the lower range, the Nifty 50 index could move up gradually towards the upper range of 23,400 levels in the near term, analysts say.

For the nine months ended December 31, 2024 (9MFY25), the company reported revenue from operations of ₹808.05 crore, representing a YoY growth of 32.6%. Shares of KFin Technologies Ltd ended at ₹1,104.35, up by ₹25.50, or 2.36%, on the BSE.

The company posted a net profit of ₹3,023 crore for the quarter, surpassing analysts’ expectations. The result was well above the ₹2,945 crore forecast by a CNBC-TV18 poll and also marked a significant improvement over the ₹631 crore profit reported…

The company’s assets under management stood at ₹8,936 crore, representing a 14% YoY decline from ₹10,404 crore in Q3 FY24. Shares of Spandana Sphoorty Financial Ltd ended at ₹341.70, down by ₹17.40, or 4.85%, on the BSE.

EBITDA was up 8.9% to ₹2,298.2 crore in the third quarter of this fiscal over ₹2,111 crore in Q3 FY24. Shares of Dr Reddy’s Laboratories Ltd ended at ₹1,289.35, down by ₹6.95, or 0.54%, on the BSE.

Gross non-performing assets stood at 2.68% in the December quarter against 2.52% in the September quarter. Net NPA was flat at 0.56%. Shares of Ujjivan Small Finance Bank Ltd ended at ₹34.56, up by ₹0.15, or 0.44%, on the BSE.

The agreement with the Maharashtra government was formalised during the World Economic Forum in Davos. Shares of Solar Industries India Ltd ended at ₹9,580.10, up by ₹273.40, or 2.94%, on the BSE.

In Regulated Markets, robust growth in the CDMO and CMO segment was partly offset by a softer performance in the Marketed Products segment, which was impacted by the high base of Q3FY24.