SG Finserve Q1 FY27 Results (NSE: SGFIN)
Signal: Earnings grew
The read
SG Finserve delivered its strongest quarter with loan book crossing ₹4,550 Cr and PAT at ₹53.7 Cr, up 119% YoY, while maintaining NIL NPAs and a RoA of 5.1%, reflecting sustainable growth from supply chain finance and new factoring/TReDS business.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹136.13 Cr | 102% | 29% |
| Net profit | ₹53.68 Cr | 119% | |
| EPS | ₹0 | ||
| EBIT margin | 0% |
P&L walk
Operating leverage drove PAT growth well ahead of loan book expansion, with cost/income at 7.1% and impairment minimal.
Key positives
- All-time high loan book of ₹4,552 Cr (+82% YoY).
- PAT of ₹53.7 Cr (+119% YoY, +27% QoQ).
- NIL NPAs – pristine asset quality.
- RoA 5.1% and RoE 14% (annualized).
- Strong capital position with CRAR 32% and debt/TNW 2.2x.
- Cost-to-income ratio of 7.1% indicates high operating efficiency.
Key concerns
- Exceptional loan book growth (+82% YoY) may moderate as base expands; sustainability of NIL NPA in high-growth phase needs monitoring.
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