Shares of Suryoday Small Finance Bank were trading over 4% lower on Friday, January 23, placing the stock among the top losers on the NSE, despite the bank reporting year-on-year growth in profit for the December quarter.
On Thursday, January 22, Suryoday Small Finance Bank reported a net profit of Rs 36.5 crore for Q3 FY26, marking a 9.6% year-on-year increase from Rs 33.3 crore in the same quarter last year. The bank’s net interest income (NII) rose 3.2% YoY to Rs 276.8 crore, compared with Rs 268.3 crore in Q3 FY25, according to its exchange filing.
However, the quarterly results also showed deterioration in asset quality, which appeared to weigh on investor sentiment. The bank reported that its gross non-performing assets (GNPA) increased to 4.35%, up from 3.80% in Q2 FY26, while net non-performing assets (NNPA) rose to 6.69% from 5.93% on a sequential basis.
The rise in stressed assets overshadowed the improvement in profitability and NII growth during the quarter, leading to selling pressure in the stock during Friday’s session.
As of the latest trade, Suryoday Small Finance Bank shares were quoted at around Rs 133.70, down 4.21% on the NSE.
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