Stock Report

Suryoday Small Finance Bank posts loss of Rs. 48.12 crores in Q4FY22



Posted On : 2022-05-19 22:49:03( TIMEZONE : IST )

Suryoday Small Finance Bank posts loss of Rs. 48.12 crores in Q4FY22

Suryoday Small Finance Bank Limited has reported Standalone financial results for the period ended March 31, 2022.

Financial Results (Q4 FY2022) - QoQ Comparison

The company has reported total income of Rs. 256.55 crores during the period ended March 31, 2022 as compared to Rs. 273.21 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs. -48.12 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs. 4.72 crores for the period ended December 31, 2021.

The company has reported EPS of Rs. -4.53 for the period ended March 31, 2022 as compared to Rs. 0.44 for the period ended December 31, 2021.

Financials Q4 FY2022 Q3 FY2022 % Change
Total Income ₹ 256.55 crs ₹273.21 crs Up Tick / Down Tick-6.10%
Net Profit ₹-48.12 crs ₹4.72 crs Up Tick / Down Tick-1,119.49%
EPS ₹-4.53 ₹0.44 Up Tick / Down Tick-1,129.55%

Financial Results (Q4 FY2022) - YoY Comparison

The company has reported total income of Rs. 256.55 crores during the period ended March 31, 2022 as compared to Rs.164.96 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.-48.12 crores for the period ended March 31, 2022 as against net profit / (loss) of Rs.-43 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.-4.53 for the period ended March 31, 2022 as compared to Rs.-4.76 for the period ended March 31, 2021.

Financials Q4 FY2022 Q4 FY2021 % Change
Total Income ₹ 256.55 crs ₹164.96 crs Up Tick / Down Tick55.52%
Net Profit ₹-48.12 crs ₹-43 crs Up Tick / Down Tick11.91%
EPS ₹-4.53 ₹-4.76 Up Tick / Down Tick4.83%

Financial Results (Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.1035.38 crores during the Financial Year ended March 31, 2022 as compared to Rs.852.54 crores during the Financial Year ended March 31, 2021.

The company has posted net profit / (loss) of Rs.-93.03 crores for the Financial Year ended March 31, 2022 as against net profit / (loss) of Rs.11.86 crores for the Financial Year ended March 31, 2021.

The company has reported EPS of Rs.-8.76 for the Financial Year ended March 31, 2022 as compared to Rs.1.31 for the Financial Year ended March 31, 2021.

Financials Year Ended FY2022 Year Ended FY2021 % Change
Total Income ₹1035.38 crs ₹852.54 crs Up Tick / Down Tick21.45%
Net Profit ₹-93.03 crs ₹11.86 crs Up Tick / Down Tick-884.40%
EPS ₹-8.76 ₹1.31 Up Tick / Down Tick-768.70%

Asset Quality:

Asset Quality Q4 FY2022 Q3 FY2022 Q4 FY2021
Gross NPA ₹597.42 crs ₹510.83 crs ₹393.68 crs
Gross NPA % 11.80% 10.48% 9.41%
Net NPA ₹283.37 crs ₹257.04 crs ₹188.12 crs
Net NPA % 5.97% 5.57% 4.73%


Gross NPA was at ₹ 597.42 crs in Q4 FY2022 against ₹ 393.68 crs in Q4 FY2021. The same was at ₹ 510.83 crs in Q3 FY2022.

Net NPA was at ₹ 283.37 crs in Q4 FY2022 against ₹ 188.12 crs in Q4 FY2021. The same was at ₹ 257.04 crs in Q3 FY2022.

GNPA was at 11.80% of Gross advances as on March 31, 2022 as compared to 9.41% as on March 31, 2021 and 10.48% as of December 31, 2021.

Net NPA was at 5.97% of Gross advances as on March 31, 2022 as compared to 4.73% as on March 31, 2021 and 5.57% as of December 31, 2021.

Ratios Q4 FY2022 Q3 FY2022 Q4 FY2021
RoA % -0.62% 0.07% -0.66%
CAR (BASEL III) % 37.86% 41.44% 51.47%


Return on Average Assets (RoA) is at -0.62% for Q4 FY2022 against 0.07% in Q3 FY2022 and -0.66% in Q4 FY2021.

In Q4 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 37.86%, as compared to 41.44% in Q3 FY2022 and 51.47% in Q4 FY2021.

Shares of Suryoday Small Finance Bank Limited was last trading in BSE at Rs. 119.60 as compared to the previous close of Rs. 125.40. The total number of shares traded during the day was 13445 in over 1928 trades.

The stock hit an intraday high of Rs. 125.95 and intraday low of 118.80. The net turnover during the day was Rs. 1632415.00.

Source : Equity Bulls

Keywords

SuryodaySmallFinanceBank Q4FY22 FY2022 ResultUpdate