SG Finserve Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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SG Finserve, an NBFC-ICC (Middle Layer) registered with RBI, reported strong FY26 results. Total revenue from operations nearly doubled to ₹33,341.28 lakhs (vs ₹16,997.14 lakhs in FY25), driven mainly by interest income (₹32,014.58 lakhs, up ~94%). Profit after tax rose ~58% to ₹12,765.72 lakhs (vs ₹8,099.02 lakhs), and Q4 PAT jumped to ₹4,226.91 lakhs (vs ₹2,379.30 lakhs). Basic EPS for the year came in at ₹22.75 (vs ₹14.54). The loan book expanded sharply to ₹3,92,419.95 lakhs (vs ₹2,23,706.18 lakhs) funded by higher borrowings, pushing the debt-equity ratio up to 1.85x (from 1.37x). Net profit margin compressed to 38.29% (from 47.65%) due to a sharp rise in finance costs to ₹13,445.63 lakhs (more than 4x). CRAR stood at 36.67% with Gross and Net NPAs at NIL. The board appointed Mr. Deepak Kumar (CFO of APL Apollo Tubes) as Additional Director and Chairperson. Auditors S.P. Chopra & Co. issued an unmodified (clean) opinion.
Strong revenue and profit growth are positive for shareholders, but the sharp rise in finance costs and the negative operating cashflow of ₹(1,57,148) lakhs signal aggressive balance sheet expansion. The higher debt-equity ratio and margin compression warrant close monitoring, though clean audit and zero NPAs are reassuring.