Sure Financial institution internet revenue up 63.3% as provisions dip in Q4FY25

Sure Financial institution brand
| Photograph Credit score: The Hindu

Sure Financial institution expanded its standalone internet revenue by 63.3% to ₹738 crore decrease provisions within the fourth quarter of fiscal 2025, as towards ₹452 crore within the yr in the past interval.

Sure Financial institution decreased its provisions by a major 32.5% to ₹ 318 crore within the quarter-under-review as towards ₹471 crore within the year-ago interval. The financial institution’s NII elevated 5.7% to ₹2,276 crore within the reporting quarter from ₹2,153 crore within the corresponding interval within the earlier fiscal. Sure financial institution additionally expanded its non-interest earnings by 10.8% to ₹1739 crore. This quantity was ₹1569 crore within the yr in the past interval.

Sure financial institution’s gross non performing property (GNPA) as a share of advances stayed virtually flat at 1.6% whereas Internet NPA ratio decreased to 0.3% in Q4FY25 as towards 0.6% within the corresponding quarter earlier yr. The web curiosity margin got here in at 2.5% within the reporting quarter.

Loans grew 8.1% within the quarter, in response to the investor presentation. “ We’re concentrating on a mortgage development of round between 12% to fifteen%, relying on how the macroeconomic scenario would play out and we wish to see that our deposit development can be barely larger than the low,” mentioned Prashant Kumar, Managing Director of Sure Financial institution within the earnings name.

The total yr standalone internet revenue elevated 92.3% to ₹2,406 crore in fiscal 2025, from ₹1251 crore within the earlier yr. NII elevated 10.5% to ₹8944 crore and NIM was unchanged at 2.4%. Provisions put aside declined 42.4% to ₹1,086 crore within the fiscal 2025.