SG Finserve Q2 FY27 results: net profit ₹58.53 crore

How did SG Finserve perform in Q2 FY27?

SG Finserve reported consolidated revenue of ₹160.94 crore, profit before tax of ₹79.11 crore and net profit of ₹58.53 crore for Q2 FY27. Basic EPS was ₹8.93, total expenses were ₹81.83 crore and there was no exceptional item. The available figures do not include EBITDA, EBITDA margin, a comparison with the year-ago quarter or a comparison with the previous quarter.

On the standalone basis, Q2 FY27 revenue was ₹160.94 crore and net profit was ₹58.80 crore. For H1 FY27, consolidated revenue was ₹297.05 crore, total income was ₹297.06 crore, profit before tax was ₹150.71 crore and net profit was ₹112.21 crore, with basic EPS of ₹17.11.

What do the balance sheet and cash flow show?

As of 30 September 2026, SG Finserve reported total assets of ₹5,983.97 crore, total equity of ₹1,597.92 crore and cash of ₹38.17 crore. The available facts do not include borrowings or a comparison with the previous balance sheet date. H1 FY27 operating cash flow was negative ₹1,635.32 crore, investing cash flow was negative ₹156.51 crore and financing cash flow was positive ₹1,678.44 crore; capital expenditure was ₹0.46 crore. A year-earlier cash-flow comparison is not available.

What else did the company announce?

The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026, along with the limited review report of S.P. Chopra & Co. The board also approved the acquisition of 24.5% equity shares of SG Enterprise Solutions Private Limited from SG Green Buildings Private Limited, a related party. The acquisition is expected to be completed by 31 December 2026, after which SG Enterprise Solutions is to become an associate.

The board approved the acquisition of 15.5% equity shares of Succesship Technologies Private Limited. It also approved an investment plan of up to USD 5 million, approximately ₹48 crore, for setting up a finance company in GIFT City as a wholly owned subsidiary, subject to regulatory and statutory approvals. Alok Bhushan was appointed Internal Auditor effective 17 October 2026, while Saurabh Mishra stepped down as Head – Internal Audit on 16 October 2026 to pursue other responsibilities within the organization.

What did SG Finserve's management say?

Management said the debt-to-equity ceiling had been revised upward to 4x from 3x, and the board approved incremental borrowing on the same day. It said the company did not plan to raise equity in FY27. The company also reported that digital lending through the BharatPe LSP had 10,000 loans disbursed and a book of INR121 cr, while factoring represented approximately 15% of AUM.

Management identified risks including a possible rise in borrowing costs if an RBI repo-rate increase is transmitted, potential equity dilution beyond INR11,000 crores of AUM if NBFC valuations remain subdued, and a 6-9 month gestation period for 12 project-finance accounts that had not commenced commercial operations. An analyst asked when the first project-finance account would start; the CEO said the projects probably would start in 6 to 9 months.

The CEO said the shared-services company was intended to generate synergies and reduce costs or, at worst, maintain costs. He said, “We're not allowing extension, or rollover of any of our facilities. Every loan is backed by a separate underline with identifiable repayment schedule.” He also said, “The kind of products we do are scalable, sustainable, low on opex, and low on credit cost, and we would want to build our franchise around these products.”

How did SG Finserve shares react?

SG Finserve’s shares fell 9.0% within 5 minutes of the filing appearing, 7.9% after 15 minutes and 9.5% after 30 minutes. On the reaction day, the stock closed 1.6% below its pre-results close. By the next day’s close, it was down 5.3% from the pre-results close, and by the fifth session it was down 7.9%.

How did other Non Banking Financial Company (NBFC) companies do?

A total of 78 NBFC peers were compared for revenue growth, with a median revenue growth of 21.5%. The peer figures did not provide the counts for peers growing faster or slower than SG Finserve, so those two comparisons are not stated. Profit growth was available for 86 peers, of which 57 reported higher profit. The peer comparison was as of 4 November 2026.