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SGFIN · price
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Awaiting price reaction for this filing.
SG Finserve, an NBFC, reported FY25 total revenue from operations of ₹17,103.83 lakhs, down about 9.9% from ₹18,971.94 lakhs in FY24, mainly due to lower interest income and reduced dividend income. Despite the revenue dip, the company managed to grow profit after tax to ₹8,099.02 lakhs (from ₹7,858.48 lakhs, up ~3.1%) on the back of sharply lower finance costs (₹3,197.53 lakhs vs ₹6,395.76 lakhs). Q4 PAT was nearly flat at ₹2,379.30 lakhs. Operating margin compressed to 41.99% from 47.35%, while CRAR stayed strong at 43.6% with zero Gross and Net NPAs. The auditor (AKGVG & Associates) gave an unmodified opinion but flagged an Emphasis of Matter on the RBI monetary penalty imposed in October 2024 for non-compliance with Certificate of Registration conditions, which the company has since paid.
The decline in revenue is a concern, though improved funding costs supported profit growth. Shareholders should note the RBI penalty on regulatory non-compliance as a governance red flag, while the proposed NSE listing and zero NPAs are positive signs.