Results-30/06/2025
SGFIN · price
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SG Finserve, an NBFC, reported Q1 FY26 (quarter ended June 30, 2025) total revenue from operations of ₹6,759.01 lakhs, up about 55% year-on-year from ₹4,354.04 lakhs, driven mainly by interest income of ₹6,479.67 lakhs. Profit after tax rose roughly 26% YoY to ₹2,451.60 lakhs (vs ₹1,938.83 lakhs), translating to basic EPS of ₹4.39. Finance costs, however, doubled to ₹2,480.37 lakhs, pushing the debt-equity ratio up to 1.64 from 1.38 in the previous quarter, while capital adequacy remained healthy at 39.47% with zero gross and net NPAs. The board also approved the appointment of M/s S.P. Chopra & Company as the new statutory auditor for three years (31st to 34th AGM) in place of M/s AKGVG & Associates, introduced an ESOP 2025 covering up to 20 lakh equity shares via the trust route, and re-appointed independent director Ms. Asha Anil Agarwal for a second five-year term.
Strong top-line and bottom-line growth along with clean asset quality (zero NPAs) is positive for shareholders, but a sharp jump in finance costs and rising leverage are points to watch. The auditor rotation is a routine governance step, while the proposed ESOP, if approved, will lead to gradual dilution via secondary market purchases by the trust.