Suryoday Small Finance Bank jumps on posting 21% growth in total deposits in Q1FY23
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Suryoday Small Finance Bank is currently trading at Rs. 87.00, up by 2.60 points or 3.08% from its previous closing of Rs. 84.40 on the BSE.
The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 88.40 and Rs. 86.20 respectively. So far 17065 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 225.35 on 19-Jul-2021 and a 52 week low of Rs. 77.20 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 86.90 and Rs. 81.00 respectively. The current market cap of the company is Rs. 922.52 crore.
The promoters holding in the company stood at 28.01%, while Institutions and Non-Institutions held 33.98% and 38.01% respectively.
Suryoday Small Finance Bank has posted 21% growth in total deposits at Rs 4,020 crore for the first quarter ended June 30, 2022 (Q1FY23) as compared to Rs 3,317 crore in Q1FY22. On a quarterly basis, the deposits were up 4% from Rs 3,850 crore as of March 2022.
Gross Advances stood at Rs 5,136 crore as of June 30, 2022, posting a 28% rise in year-on-year (YoY) against Rs 4,004 crore as of June 30, 2021 and 1% growth in quarter-on-quarter (QoQ) basis from Rs 5,064 crore in in March 2022. Disbursements stood at Rs 1012 crore as of June 30, 2022, over 2- fold jump in year-on-year (YoY) against Rs 360 crore as of June 30, 2021.
Suryoday Small Finance Bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories.
