Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q2 FY26 Earnings Presentation
41 slides from Suryoday Small Finance Bank's earnings presentation, Nov 6, 2025
Slide 1: Cover letter to stock exchanges
November 06, 2025 Ref.: SSFB/CS/73/2025-26 To, National Stock Exchange of India Limited BSE Limited Listing Department The Corporate Relations Department Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai-400 051 Mumbai-400 001 Sy
Slide 2: Investor Presentation Q2 & H1 FY26
Investor Presentation Q2 & H1 FY26 September 2025
Slide 3: Table of Contents
TABLE OF CONTENTS 01 Performance Highlights and Way Forward 02 Company Overview 03 Asset Products 04 Asset Portfolio Quality 05 Liability Portfolio 06 Financial & Key Ratios 07 Guidance 08 CSR Initiatives Investor Presentation 2
Slide 4: Performance Highlights & Way Forward
01 Performance Highlights & Way Forward Q2 & H1 FY26 3
Slide 5: Performance Highlights – Q2 FY26
PERFORMANCE HIGHLIGHTS – Q2 FY26 IF Disbursement gains momentum, powered by Vikas Loan & NTB VL/ Secured Crossed INR 11,000 Cr asset growth continues at faster pace / Digital Deposits growth accelerated ADVANCES Non-NPA book ~ INR 10,500 Cr vs ~ INR 10,000 Cr QoQ • Inclusive Finance (JLG & Individua
Slide 6: Performance Highlights – Q2 FY26
PERFORMANCE HIGHLIGHTS – Q2 FY26 Parameter Q2 FY26 Q1 FY26 Q-o-Q Growth Q2 FY25 Y-o-Y Growth Gross Advances# ₹ 11,124 ₹ 10,846 2.6% ₹ 9,360 18.9% Deposits ₹ 11,991 ₹ 11,312 6.0% ₹ 8,851 35.5% Disbursements* ₹ 2,053 ₹ 1,920 6.9% ₹ 1,626 26.3% Retail : Bulk Deposit 86.0% : 14.0% 81.6% : 18.4% 444 bps
Slide 7: Key Strategies Playing Out & Plan Ahead
KEY STRATEGIES PLAYING OUT & PLAN AHEAD Digital – Focused Granular Retail IF Risk Resilience JSH Banking Focus Digital deposits - 10%+ of total book (~1300 Cr) with Core focus continues on Vikas Loan (comprises 70% of Focus on LAP - 80% disbursements & comprising ~ ₹6 crore/day run rate with substan
Slide 8: Key Metrics – Q2 & H1 FY26
KEY METRICS – Q2 & H1 FY26 Gross Advances* (₹ Cr) Disbursements (₹ Cr) Deposits (₹ Cr) 2.6 % Q-o-Q 18.9 % Y-o-Y 7.5 % Q-o-Q 44.5 % Y-o-Y 6.0 % Q-o-Q 35.5 % Y-o-Y 10,846 11,124 11,124 9,360 9,360 5,672 6,111 6,111 4,131 4,131 4,691 3,421 11,991 11,991 2,430 11,312 5,229 5,174 5,013 5,229 5,013 2,261
Slide 9: Key Metrics – Q2 & H1 FY26
KEY METRICS – Q2 & H1 FY26 All numbers in ₹ Cr.s, unless otherwise indicated Effective Yield on Advances (%) Cost of Funds (%) NIM (%) 40 bps Q-o-Q 327 bps Y-o-Y 23 bps Q-o-Q 10 bps Y-o-Y 26 bps Q-o-Q 276 bps Y-o-Y 19.6% 19.8% 16.8% 16.4% 16.5% 7.6% 7.9% 7.7% 7.6% 7.8% 9.7% 9.8% 7.2% 6.9% 7.1% Q2FY2
Slide 10: Company Overview
02 Company Overview 9
Slide 11: Key Milestones
KEY MILESTONES Suryoday 2.0 As on September 2025 Gross Advances crosses ₹ 11,000 Cr & Deposits ~12,000 Cr Third claim of CGFMU received fully Vikas Loan is now 70% of the IF Book Customer Base – 3.6 Mn / Branch Network -712 2024 & New Initiatives to scale MSME, Secured Credit Card and Credit line on
Slide 12: Empowering Solutions: Beyond Micro Lending
EMPOWERING SOLUTIONS: BEYOND MICRO LENDING Asset Portfolio Liabilities Portfolio TD, RD & Long-Term CASA Inclusive Finance Retail Assets Deposit (45%) (55%) JLG Vikas Loans Vehicle Bulk Deposits Digital FD Mortgage Others (30%) (70%) Financing Expanding Beyond Micro Lending Housing Loans CV FIG Cust
Slide 13: Strong Foothold: Covering 2/3rd of India
STRONG FOOTHOLD: COVERING 2/3RD OF INDIA Branch Distribution Particulars Sep’25 Sep’24 Asset focused outlets 383 390 CG:1 Liability focused outlets* 132 120* HR 3 Rural Centers 197 194 DL:6 Total 712 704 48 39 Note: *Includes Composite Branches Geographical Mix of the Branches 41 35 Outlets Asset Fo
Slide 14: Product Led Approach – Digital Banking
Product Led Approach DIGITAL BANKING Digital FD with frictionless closure Corporate CA solutions, MSME 1-min in principle approval Leveraging on credit on UPI & secured credit card . Leveraging Partnership Digital capabilities to scale-up products like Secured Credit Card and Credit on UPI with part
Slide 15: Asset Products
03 Asset Products 14
Slide 16: Inclusive Finance: Beyond Micro-Lending
INCLUSIVE FINANCE: BEYOND MICRO-LENDING JLG/NTB VL act as the entry engine, gradually moving households toward comprehensive Vikas Loan Share banking solutions. 70% of IF Gross Advances Focus on semi-urban households in Tier 1–3 cities with robust underwriting, analytics-driven curation, and >98% CG
Slide 17: Inclusive Finance: Shifting Group to Individual
INCLUSIVE FINANCE: SHIFTING GROUP TO INDIVIDUAL Product Description Gross Advances# (₹ Cr) Parameter JLG Vikas Loans 5,072 5,089 5,013 Customer Segment Urban/ Semi Urban Urban/ Semi Urban 3,743 3,386 2,683 3,027 Products Group Loans Individual Loans 2,944 213 3,534 1,232 29 Geography Tier 1&2 Tier 1
Slide 18: Mortgages: Focused Approach
MORTGAGES: FOCUSED APPROACH SSFB offers comprehensive mortgage Gross Advances offerings - Housing & MSME Loans catering to Semi-prime and urban affordable customer segment Present Locations ₹2,500Cr+ Business Strategy: Focus on retail and Disbursements secured MSME lending, deepen portfolio in exist
Slide 19: Mortgages: Sustainable Growth
MORTGAGES : SUSTAINABLE GROWTH Product Description Gross Advances (Rs. Cr) Parameter Micro Mortgages Housing Loans LAP Customer Semi Prime / Urban Semi Prime / Urban 2,555 Affordable / Semi Urban Segment Affordable Affordable 2,187 491 406 Home Loans – Resale / Home loans– Resale/Builder 1,588 Produ
Slide 20: Vehicle Financing: Monetizing on Large Opportunity
VEHICLE FINANCING: MONETIZING ON LARGE OPPORTUNITY SSFB is diversifying business through various products under Vehicle 1 Financing Portfolio – CV, TW, Used CV, Car loans & Construction Equipment Expanding in the rural space, catering the Tier 3 & Tier 4 locations and Customers 2 focusing on micro-m
Slide 21: Vehicle: Accelerated Growth Over Last 3 Years
VEHICLE: ACCELERATED GROWTH OVER LAST 3 YEARS Portfolio description Gross Advances# (₹ Cr) Parameter Commercial Vehicles Two Wheelers Customer Segment Urban / Semi Urban Urban / Semi Urban Products Used and New CVs New Two Wheelers 1,564 Geography Tier 2 & 3 Tier 1, 2 & 3 1,336 830 Distribution Hub
Slide 22: FIG, Supply Chain, MSME & Others
FIG, SUPPLY CHAIN, MSME & OTHERS Gross Advances# (₹ Cr) Portfolio description Supply Chain Parameter FIG Others Finance 189 Customer NBFCs/ SME/ Retail/ MSME 232 Segment Corporates MSME 435 259 313 Products Corporate Lending Vendor Financing Individual Lending 240 1,289 275 1,147 848 243 688 380 214
Slide 23: Asset Business Update – Q2 FY26
ASSET BUSINESS UPDATE – Q2 FY26 Micro Particulars (₹ Cr) JLG VL HL LAP Vehicles FIG SCF MSME Others* Total Mortgage Gross Advances – (₹ Cr) 1,479.3 3,533.5 776.9 1,287.5 490.9 1,564.1 1,288.7 434.5 79.4 189.3 11,124.2 Disbursement (₹ Cr) 238.0 905.5 55.8 191.1 65.2 249.1 303.8 376.5 27.8 17.2 2429.9
Slide 24: Asset Portfolio Quality
04 Asset Portfolio Quality 23
Slide 25: Portfolio Performance
PORTFOLIO PERFORMANCE SSFB – PAR 30+ IF – PAR 30+ Retail Assets – PAR 30+* 16.3% 8.3% 11.4% 5.6% 2.9% 3.9% 1.6% 1.0% 0.8% 3.1% 3.3% 3.6% 3.4% 3.5% 3.2% 3.6% 3.7% 2.7% Sep-24 Jun-25 Sep-25 Sep-24 Jun-25 Sep-25 Sep-24 Jun-25 Sep-25 PAR 30-90 PAR 90+ Figures may not add up due to rounding off # Net off
Slide 26: GNPA Asset Quality & Credit Cost
GNPA ASSET QUALITY & CREDIT COST All numbers in ₹ Cr.s, unless otherwise indicated GNPA Q2 FY26 Movement GNPA H1 FY26 Movement 206 469 432 505 31 918 26 12 12 654 655 734 655 Jun-25 New Tech W/off RollBack/ Sold to ARC Sep-25 Mar-25 New Tech W/off Sold to ARC RollBack/ Sep-25 Recoveries Recoveries P
Slide 27: CGFMU Walkthrough (IF)
CGFMU Walkthrough (IF) Post-COVID, the bank opted for CGFMU cover in FY23 at a time when the credit costs were less than 3%, as part of its risk management strategy in respect of the Inclusive Finance portfolio given that the microfinance sector witnesses cyclicality. As of Sep’25, the bank has paid
Slide 28: Liability Portfolio
05 Liability Portfolio 27
Slide 29: Deposit Landscape
DEPOSIT LANDSCAPE Key Product Acquisition Customer Highlights Offerings Channels Profiling Deposits Traditional Deposit Products – Smart Banking Outlets Aspiring Middle Class CASA, TD • Targeted business focus within radius ₹ 11,991 Cr of ~2kms Goal based saving products, Exclusive offers, Easy-to-u
Slide 30: Deposit Update
DEPOSIT UPDATE Deposits Retail Deposit (Incl CASA) Average Ticket Size ₹ Cr 8,851 11,312 11,991 4% 79 81 86 1,675 Retail % 2,083 30% <50 k 2,477 Retail TD 1,751 2,006 31% 20.7 50 K to 5 Lakhs 1,581 CASA 17.7 5 Lakhs to 50 Lakhs 17.9 7,223 7,839 CASA % 5,519 50 Lakh & above Bulk 36% Sep-24 Jun-24 Sep
Slide 31: Funding Mix & Liquidity
FUNDING MIX & LIQUIDITY Balance Sheet Mix Capital Adequacy Ratio % (CRAR) 24.9% 24.6% 1.4% 23.4% 13% 1.1% 3% 1.0% 12% 23.5% 23.5% 22.4% 72% Sep-24 Jun-25 Sep-25 Deposits Shareholders Fund Other Liab Borrowings Tier 1 Tier 2 Total Figures may not add up due to rounding off Investor Presentation 30
Slide 32: Financial & Key Ratios Q2 & H1 FY26
06 Financial & Key Ratios Q2 & H1 FY26 31
Slide 33: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET Particulars (₹ Cr) Sep-25 Sep-24 Y-o-Y Jun-25 Q-o-Q Capital and Liabilities Capital 106.3 106.2 0.0% 106.3 0.0% Reserves and Surplus 1,885.2 1,818.8 3.7% 1,854.6 1.7% Deposits 11,991.3 8,850.8 35.5% 11,312.2 6.0% Borrowings 2,164.9 2,178.5 -0.6% 2,284.5 -5.2% Other Liabili
Slide 34: Financials – P&L Account
FINANCIALS – P&L ACCOUNT Particulars (₹ Cr) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Interest Earned 519.7 507.2 2.5% 495.2 4.9% 1014.8 995.3 2.0% Interest Expended 261.4 207.2 26.2% 248.0 5.4% 509.5 402.1 26.7% Net Interest Income 258.2 300.0 -13.9% 247.1 4.5% 505.4 593.2 -14.8% Ot
Slide 35: Financials – Key Metrics
FINANCIALS – KEY METRICS Particulars (₹ Cr) Unit Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Gross Advances ₹ Cr 11,124 9,360 18.9% 10,846 2.6% 11,124 9,360 18.9% Disbursement ₹ Cr 2,430 1,682 44.5% 2,261 7.5% 4,691 3,421 37.1% Deposits ₹ Cr 11991 8851 35.5% 11312 6.0% 11,991 8,851 35.
Slide 36: Guidance
07 Guidance 35
Slide 37: Guidance FY26
FY26 Deposits Expected to grow by 40% to 45% Asset Mix (CASA to 22.0%+) Asset Quality To achieve a secured 13%/20.7% GNPA <5% / NNPA <3% mix of 55% GNPA 5.9%/NNPA 3.8% Over 98% of IF portfolio covered under 55% CGFMU Advances Returns Expected to grow ROA expected to be 1.5% to 1.6% by 30% to 35% ROE
Slide 38: CSR Initiatives
08 CSR Initiatives 37
Slide 39: Beyond Banking
BEYOND BANKING Adhira: Financial Empowerment of Domestic Workers The team supported domestic workers in registering for domestic worker cards, opening bank accounts, and enrolling in schemes like E-Shram, ABHA, and others. Additionally, 6 children under 18 were enrolled in the Balsangopan Scheme, ea
Slide 40: Beyond Banking
BEYOND BANKING Spandan: Health Interventions for Women and Adolescent Girls Seven eye check-up camps were held in Navi Mumbai and Mumbai in partnership with Sankara Eye Hospital, benefiting 287 people; 8 received free cataract surgery. Six menstrual and reproductive health awareness camps were condu
Slide 41: Glossary
GLOSSARY Terminology Definition Terminology Definition Gross Advances Assets Under Management (Excludes ARC) NNPA Net Non Performing Assets CASA Current Account Savings Account NPA Non Performing Assets CBS Core Banking System NTB New-To-Bank CGFMU Credit Guarantee Fund for Micro Units PAR Portfolio
Suryoday Small Finance Bank — Q2 FY26 Earnings Presentation on 6ix