Business Performance Highlights

Q2 FY27 Business Metrics:

  • Gross Advances: ₹14,972 Cr as of September 2026, up 34.6% YoY from ₹11,124 Cr
  • Disbursements: ₹3,096 Cr in Q2 FY27, up 27.4% YoY from ₹2,430 Cr
  • Vikas Loan disbursement increased 17.8% YoY
  • Deposits: ₹16,184 Cr as of September 2026, up 35.0% YoY from ₹11,991 Cr
  • IF Current bucket Collection Efficiency: 99.3%
  • Collection Efficiency (1 EMI adjusted): 93.6% in Q2 FY27 vs 85.3% in Q2 FY26

H1 FY27 Business Metrics:

  • Gross Advances: ₹14,972 Cr as of September 2026, up 34.6% YoY
  • Disbursements: ₹6,050 Cr in H1 FY27, up 29.0% YoY from ₹4,691 Cr
  • Vikas Loan disbursement increased 18.9% YoY
  • Deposits: ₹16,184 Cr as of September 2026, up 35.0% YoY
  • Retail deposits share: 84.5% in September 2026 vs 86.0% in September 2025
  • CASA ratio: 19.4% as of September 2026 vs 20.7% in September 2025
  • Collection Efficiency (1 EMI adjusted): 91.9% in H1 FY27 vs 85.6% in H1 FY26
  • Current bucket Collection Efficiency: 99.1% in H1 FY27 vs 98.5% in H1 FY26
  • Customer base: ~7 million as of September 2026, up 92.0% from ~3.6 million in September 2025

Financial Performance

Q2 FY27 Financials:

  • Net total income: ₹495.3 Cr, up 46.5% YoY from ₹338.1 Cr
  • Net interest income (NII): ₹368.8 Cr, up 42.8% YoY from ₹258.2 Cr
  • Pre-provision operating profit (PPOP): ₹145.5 Cr, up 83.8% YoY from ₹79.1 Cr
  • Cost of Funds: 7.4% in Q2 FY27 vs 7.7% in Q2 FY26
  • Cost to income: 70.6% in Q2 FY27 vs 76.6% in Q2 FY26
  • Profit After Tax (PAT): ₹76.5 Cr, up from ₹30.4 Cr in Q2 FY26

H1 FY27 Financials:

  • Net total income: ₹958.9 Cr, up 38.2% YoY from ₹693.8 Cr
  • Net interest income (NII): ₹684.5 Cr, up 35.5% YoY from ₹505.4 Cr
  • Pre-provision operating profit (PPOP): ₹284.1 Cr, up 51.0% YoY from ₹188.1 Cr
  • Cost of Funds: 7.4% in H1 FY27 vs 7.8% in H1 FY26
  • Cost to income: 70.4% in H1 FY27 vs 72.9% in H1 FY26
  • Profit After Tax (PAT): ₹151.7 Cr, up from ₹65.7 Cr in H1 FY26
  • Return on Assets (ROA): 1.5%
  • Return on Equity (ROE): 14.2%

Asset Quality and Capital Adequacy

  • Gross NPA ratio: 2.9% as of September 2026 (calculated on gross advances including IBPC) vs 5.9% in September 2025
  • Net NPA ratio: 1.5% as of September 2026 vs 3.8% in September 2025
  • Gross NPA amount: ₹438 Cr as of September 2026
  • Net NPA amount: ₹224 Cr as of September 2026
  • ₹181 Cr receivable under CGFMU scheme against NPAs
  • Provision Coverage Ratio (excluding technical write-offs): 48.8% as of September 2026 vs 37.3% in September 2025
  • Capital Adequacy Ratio (CRAR): 19.4% comprising Tier I capital of 18.7% and Tier II capital of 0.7%

Key Metrics Comparison

Detailed quarterly and half-yearly metrics provided for:

  • Gross Advances, Disbursements, Deposits
  • Retail Deposit to Total Deposit ratio, CASA Ratio
  • Yield, NIM, Cost of Deposits, Cost of Borrowings, Cost of Funds
  • Cost to income, GNPA Ratio, NNPA Ratio, PCR, Book Value Per Share

Management Commentary

MD & CEO Mr. Baskar Babu Ramachandran highlighted:

  • Healthy business growth with sustained momentum in advances, disbursements and deposits
  • Focus on Vikas Loan portfolio while expanding secured lending businesses (Mortgages, Wheels, MSME)
  • Priority on disciplined growth, robust underwriting, strong collection efforts and operating efficiency
  • Growth of digital Banking division for customer acquisition and franchise contribution
  • Asset quality improvement with GNPA declining to 2.9% from 6.5% in June 2026 and 5.9% in September 2025
  • PAT of ₹76.5 Cr in Q2 FY27 and ₹151.7 Cr in H1 FY27 exceeded full year ended March 31, 2026 profits
  • Prudent approach focusing on asset quality, credit costs and sustainable profitability

Additional Information

  • The results are unaudited
  • Press release available on bank's website at https://suryoday.bank.in/investor-corner/#disclosure-to-stock-exchanges
  • Bank has 726 banking outlets across 17 states and UTs
  • Includes safe harbor statement regarding forward-looking statements