India's Suryoday Small Finance Bank down after Q1 profit fall

Suryoday Small Finance Bank

25/07/2025 05:24

** Shares of Suryoday Small Finance Bank Ltd SURO.NS fall as much as 5.9% to 130.3 rupees, down for a second straight session

** Co reported a 49.6% y/y fall in Q1 net profit to 352.8 mln rupees ($4.1 mln); net interest income (NII) down 15.7%

** Says stress in the microfinance sector continued to weigh on NII and credit costs, thereby impacting profitability for the quarter

** More than 183,000 shares traded by 9:44 a.m. IST, compared with the 30-day moving avg of 204,732 shares

** SURO last down 4.2%, cutting YTD gains to 2.2%

($1 = 86.5070 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))