SRG Housing Finance Limited has informed the Exchange about Transcript
SRGHFL · price
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SRG Housing Finance reported strong FY24 results, achieving its AUM target of ₹600 crores with 49% growth in disbursements to ₹284 crores and 37% growth in loan book to ₹601 crores. Profit before tax rose to ₹26 crores from ₹21 crores, total income grew 35% to ₹127 crores, and EPS improved to ₹15.87 from ₹13.12. Asset quality remained healthy with gross NPA improving to 2.29% and spread maintained at 11%, though net NPA rose slightly to 0.69%. Management set multi-year targets: FY25 AUM of ₹780 crores, FY26 AUM crossing ₹1,000 crores, and branch expansion to 90 (FY25) and 100+ (FY26), supported by a planned equity raise of ₹50–100 crores and expansion into Maharashtra, Karnataka, Tamil Nadu, Telangana, and Andhra Pradesh.
Strong growth momentum and clear multi-year scaling targets are positive signals, though execution risk in new regions, rising borrowing costs, and equity dilution from the planned raise could weigh on near-term sentiment. Investors should watch new branch productivity and credit costs as the company expands beyond its core rural base.