India's Suryoday Small Finance eyes worst day in three months on Q3 profit drop

Suryoday Small Finance Bank

24/01/2025 05:57

** Shares of Suryoday Small Finance Bank  SURO.BO  slump as
much as 7.4% to 125.10 rupees, mark sharpest intraday pct loss
since Oct. 25, 2024
    ** SURO on Thursday reported ~42% Y/Y fall in Q3 net profit
to 333 mln rupees ($3.9 mln)
    ** Gross non-performing assets ratio, a key gauge of
lenders' asset quality, degraded to 5.53% from 3.03% three
months earlier
    ** This is the stock's most active trading session since
Dec. 2 with more than 756,000 shares changing hands, 2.2x of
30-day avg
    ** Stock fell 25% in Dec. qtr, its biggest quarterly fall
since March 2022


($1 = 86.2975 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))