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Sarvodaya Development Finance records Rs. 1.4 b profit
Daily FT
|June 24, 2025
SARVODAYA Development Finance PLC (SDF), yesterday announced a record-breaking financial performance for the fiscal year 2024/25, underscoring its commitment to sustainable growth, rural development, inclusive finance, and agri-business empowerment.
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In a statement SDF said surpassing several industry benchmarks, the Company's achievement reflects a values-based business model calibrated for social impact, strategic clarity, and operational discipline—all in the context of a gradually stabilising national economy.
In a year marked by macroeconomic recalibration and cautious optimism, SDF achieved its highest-ever profitability, with Profit Before Tax amplifying doubling to Rs. 1,139 million and Profit After Tax climbing 89.8% to Rs. 473.8 million. This exceptional performance was anchored by a diversified and resilient lending portfolio, strong risk oversight, and sharpened efficiency across operations.
Total Income stood at LKR 4.37 billion (31.5%), Net Interest Income at Rs. 2.64 billion (48.3%), and Total Operating Income at Rs. 2.95 billion (47.2%). The cost-to-income ratio improved to 46.5%, down from 53.9%, and total assets
This story is from the June 24, 2025 edition of Daily FT.
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