Conference Call with SG Finserve Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Financial Services company SG Finserve announced Q2FY24 & H1FY24 results:<br><br>1. Company Performance:<br>- Q2FY24 Total Income increased to Rs 43.87 crore, up from Rs 34.84 crore in Q1FY24.<br>- Q2FY24 Net Interest Income (NII) rose to Rs 28.31 crore, compared to Rs 23.51 crore in Q1FY24.<br>- Q2FY24 Profit After Tax (PAT) amounted to Rs 17.49 crore, an increase from Rs 15.64 crore in Q1FY24.<br>- H1FY24 Total Income reached Rs 78.70 crore, compared to Rs 1.97 crore in H1FY23.<br>- H1FY24 Net Interest Income (NII) amounted to Rs 51.82 crore, compared to Rs 1.04 crore in H1FY23.<br>- H1FY24 Profit After Tax (PAT) reached Rs 33.13 crore, compared to (negative) Rs 0.26 crore in H1FY23.<br><br>2. Loan Book Growth:<br>- Loan Book at the end of Q2FY24 was Rs 1,658 crore, a growth of 33% compared to the previous quarter.<br>- Gross Disbursements in Q2FY24 through SGFL counter amounted to Rs 4,343 crore.<br><br>3. Income Growth:<br>- Total Income in Q2FY24 increased by 26% QoQ.<br>- Net Interest Income (NII) in Q2FY24 experienced a 20% QoQ growth.<br><br>4. Return on Assets and Equity:<br>- Return on Assets (ROA) for Q2FY24 was 5.42%.<br>- Return on Equity (ROE) for Q2FY24 was 10.44%.<br><br>5. Platform and Technology:<br>- SG Finserve Limited operates on a 100% digital platform, facilitating quick and efficient loan processing.<br>- The company utilizes AI-based credit scoring models, combining historical and current data to assess creditworthiness.<br><br>6. Business Partners:<br>- SG Finserve Limited has partnered with various anchor companies, such as APL Apollo Tubes, Rama Steel Tubes, Vedanta, and Kirloskar Oil Engines.<br><br>7. Funding Partners:<br>- SG Finserve Limited has collaborated with reputed banks and financial institutions including HDFC Bank, Axis Bank, Yes Bank, Bajaj Finserv, and Tata Capital.<br><br><br><br><br><br>Result PDF