Q1 2024 Suryoday Small Finance Bank Ltd Earnings Call Transcript
Key Points
- Gross advances increased by 41.8% year-on-year, reaching INR9,037 crores in Q1 FY25.
- Vikas loan disbursements grew by 141.2% year-on-year, indicating strong traction in this segment.
- Deposits grew by 42.2% year-on-year, with the CASA ratio improving from 14.9% to 17.7%.
- Net interest income increased by 30.5% year-on-year, reaching INR293.2 crores.
- The bank's capital adequacy ratio remains strong at 27.3%, well above regulatory requirements.
- Sequential increase in asset quality issues, with a 50 bps rise in the 31 to 90 days past due category.
- Cost of funds increased to 7.6% in Q1 FY25 from 7.4% in Q4 FY24.
- Credit costs remain high, with a net credit cost of INR51.5 crores for the quarter.
- Challenges in maintaining CASA ratio, with a focus on improving it to at least 20% over the next three quarters.
- Potential need for capital raising in the next 15 to 18 months despite a strong capital adequacy ratio.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 Suryoday Small Finance Bank conference call hosted by Elara Securities Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Palak Shah from Elara Securities Private Limited. Thank you, and over to you, ma'am.
Yes. Good morning, everyone. On behalf of Elara Securities, I would like to welcome you all to the Q1 FY25 earnings call of Suryoday Small Finance Bank. We have with us the senior management of the bank represented by: Mr. Baskar Babu Ramachandran, MD and CEO; Mr. Hemant Shah, Executive Director; Mr. Kanishka Chaudhary, CFO; and Mr. Himadri Das, Investor Relations.
With this introduction, I would like to hand over the call to the management for a brief update on the results, followed by Q&A session. Thank you, and over to you, sir.
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