SGFINNSESG Finserve LimitedHighNeutral
Announced Thu, 23 Apr · 18:21 IST

SG Finserve Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue Growth 20pctPat Growth 25pctEbitda Margin CompressionNegative Operating CashflowDebt Equity ThresholdResults View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹544.80
prior close
₹543.95
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After-mkt
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AI summary

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.

Likely market impact

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.