Any current/future new fundraising through debt or equity?

The bank does not currently require immediate capital raising as its Tier 1 capital stands strong at 26%. However, they anticipate a need to raise capital in the next 15 to 18 months to maintain comfortable capital adequacy, ideally around 25%, especially as the portfolio stabilizes between inclusive finance and secured loans. While they can raise Tier 2 capital if needed, the preference is to raise Tier 1 capital well ahead of requirements. There is no specific mention of immediate plans for equity fundraising. Debt cost is expected to rise moderately due to SLTRO tranche maturities but no ex

Any current/future capex/capital investment/strategic investment?

The bank plans to raise capital in the next 15 to 18 months to maintain comfortable capital adequacy around 25%, especially as the portfolio shifts toward a 50-50 mix between inclusive finance and secured loans. (Page 15) Currently, the Tier 1 capital ratio is strong at 26%, but capital raising is proactive to ensure buffer for regulatory, market, and operating risks as the portfolio stabilizes. (Page 15) No specific mention of capital expenditure or strategic investments beyond capital raising for growth and portfolio balance. Expansion plans include adding 40 to 50 branches annually, main

Future growth expectations in sales/revenue/volumes?

Target advances growth of 30-35% for FY '25, with a focus on both inclusive finance and secured retail assets. Expect around 40-50 new branches to be added annually, balancing liability and inclusive finance branches. Deposit growth targeted between 40-45%, slightly higher than advances, with a focus on increasing CASA ratio to at least 20% over the next three quarters. Continued expansion in Vikas loan portfolio, which grew 116.4% YoY, contributing over 53% of inclusive finance. Maintain a credit deposit ratio aiming to normalize around 100% by year-end. Growth driven by a mix of product offe

Future growth expectations in earnings/operating earnings/profits/EPS?

Suryoday Small Finance Bank targets advances growth of 30%-35% for FY '25, driven by a balanced portfolio mix shift towards secured retail assets (50-50 microfinance and retail assets). CASA ratio is expected to improve to at least 20% over the next 3 quarters, supporting deposit growth of 40%-45%. Net Interest Margin (NIM) is expected to moderate from 10% to around 8%-8.5% with portfolio shift but will be supported by portfolio churn and securitization. Credit costs are expected between 2.7% to 3% annually, with CGFMU claims helping contain net credit costs. Cost-to-income ratio expec

Suryoday Small Finance Bank LtdQ1 FY25Banks

Suryoday Small Finance Bank Ltd Q1 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹144P/E: 8.3Market Cap: ₹1.6K CrSector: Banks

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Target advances growth of 30-35% for FY '25, with a focus on both inclusive finance and secured retail assets.
Expect around 40-50 new branches to be added annually, balancing liability and inclusive finance branches.
Deposit growth targeted between 40-45%, slightly higher than advances, with a focus on increasing CASA ratio to at least 20% over the next three quarters.
Continued expansion in Vikas loan portfolio, which grew 116.4% YoY, contributing over 53% of inclusive finance.
Maintain a credit deposit ratio aiming to normalize around 100% by year-end.
Growth driven by a mix of product offerings including microfinance, commercial vehicle loans, and home loans.
Despite higher capital adequacy ratios currently, raising capital anticipated in 15-18 months to support portfolio balance and growth.

Margin guidance

Category 3

Suryoday Small Finance Bank targets advances growth of 30%-35% for FY '25, driven by a balanced portfolio mix shift towards secured retail assets (50-50 microfinance and retail assets).
CASA ratio is expected to improve to at least 20% over the next 3 quarters, supporting deposit growth of 40%-45%.
Net Interest Margin (NIM) is expected to moderate from 10% to around 8%-8.5% with portfolio shift but will be supported by portfolio churn and securitization.
Credit costs are expected between 2.7% to 3% annually, with CGFMU claims helping contain net credit costs.
Cost-to-income ratio expected to improve to 57%-58% by FY '25, aiding operating efficiency.
Management aims for ROE in the 15%-16% range with gradual improvement thereafter.
Capital requirements anticipated in 15-18 months, with plans to raise capital ahead of need to maintain comfortable buffers.

See what Suryoday Small Finance Bank Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The bank does not currently require immediate capital raising as its Tier 1 capital stands strong at 26%.
However, they anticipate a need to raise capital in the next 15 to 18 months to maintain comfortable capital adequacy, ideally around 25%, especially as the portfolio stabilizes between inclusive finance and secured loans.
While they can raise Tier 2 capital if needed, the preference is to raise Tier 1 capital well ahead of requirements.
There is no specific mention of immediate plans for equity fundraising.
Debt cost is expected to rise moderately due to SLTRO tranche maturities but no explicit new debt raising is mentioned.
Overall, capital raising is planned proactively for the medium term rather than an urgent requirement now.

Order book

The transcript from the Q1 FY '25 earnings call of Suryoday Small Finance Bank Limited does not explicitly mention details regarding the current or expected order book or pending orders. The focus is primarily on the bank’s financial performance, loan portfolio, asset quality, capital adequacy, growth outlook, and operational metrics like branch expansion, deposits, and credit coverage. Key points related to business outlook include: - Advances growth targeted at 30-35% for FY '25. - Branch expansion planned at 40-50 branches annually. - Deposits growth targeted at 40-45%. - Capital raising planned in 15-18 months to maintain CAR close to 25%. - Loan book mix aims to stabilize at 50-50 between microfinance and secured retail assets. No direct references to order book or pending orders are provided in the available pages.

See what Suryoday Small Finance Bank Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

The bank plans to raise capital in the next 15 to 18 months to maintain comfortable capital adequacy around 25%, especially as the portfolio shifts toward a 50-50 mix between inclusive finance and secured loans. (Page 15)
Currently, the Tier 1 capital ratio is strong at 26%, but capital raising is proactive to ensure buffer for regulatory, market, and operating risks as the portfolio stabilizes. (Page 15)
No specific mention of capital expenditure or strategic investments beyond capital raising for growth and portfolio balance.
Expansion plans include adding 40 to 50 branches annually, maintaining a balance between liability branches and inclusive finance branches, reflecting investment in branch network. (Page 15)
The bank also aims to improve deposit mobilization and CASA ratio, which may involve investments in digital sourcing and branch infrastructure. (Pages 14-15)

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