Financial Services company SG Finserve announced Q4FY24 & FY24 results: FY24 Financial Highlights: Loan Book at End Of Period: Achieved loan book closing at Rs 1,673 crore as on 31st March 2024 as against Rs 975 crore as on 31st March 2023. Gross disbursement: Disbursed Rs 17,450 crore during the FY24 as against Rs 6,444 crore during FY23 vide our online platform. Achieved Operating Income of Rs 190 crore in FY24, vis-a-vis Rs 41 crore in FY23, i.e. growth of 357%. Achieved net interest income (NII) of Rs 126 crore in FY24 vis-à-vis Rs 34 crore in FY23; Achieved Profit After Tax (PAT) of Rs 79 crore in FY24 vis-à-vis Rs 18 crore achieved in FY23. Q4FY24 Financial Highlights: Achieved operating income of Rs 59 crore for Q4FY24, vis-a-vis Rs 52 crore in Q3FY24; Achieved net interest income (NII) of Rs 38 crore for Q4FY24 vis-a-vis Rs 34 crore in Q3FY24 Achieved Profit After Tax (PAT) of Rs 24 crore for Q4FY24 via-a-vis Rs.22 crore achieved in Q3FY24 Result PDF
Financial Services company SG Finserve announced Q3FY24 & 9MFY24 results: Q3FY24: Total Income for the quarter is Rs 52.47 crore as against Rs 43.87 crore in Q2FY24. Net Interest Income (NII)of Rs 34.36 crore as against Rs 29.27 crore in Q2FY24. The Company achieved PAT of Rs 21.65 crore as against Rs 17.49 crore in Q2FY24 Loan Book EOP- Rs 1,891 crore: Achieved Closing Loan Book of Rs 1,891 crore as of December 31, 2023, up from Rs 1,658 crore as on Q2FY24 i.e. addition of Rs 233 crore; Growth of 14% QoQ basis; NIL NPA: Portfolio continues to perform strongly with NIL Gross NPA recorded in 16 months of the journey. 9MFY24: Total Income for 9MFY24 is Rs 131.16 crore as against Rs 12.46 crore in 9MFY23. Net Interest Income (NII) of Rs 87.90 crore as against Rs 12.16 crore in 9MFY23. The Company achieved PAT of Rs 54.78 crore as against Rs 4.35 crore in 9MFY23. Result PDF
Financial Services company SG Finserve announced Q2FY24 & H1FY24 results: 1. Company Performance: - Q2FY24 Total Income increased to Rs 43.87 crore, up from Rs 34.84 crore in Q1FY24. - Q2FY24 Net Interest Income (NII) rose to Rs 28.31 crore, compared to Rs 23.51 crore in Q1FY24. - Q2FY24 Profit After Tax (PAT) amounted to Rs 17.49 crore, an increase from Rs 15.64 crore in Q1FY24. - H1FY24 Total Income reached Rs 78.70 crore, compared to Rs 1.97 crore in H1FY23. - H1FY24 Net Interest Income (NII) amounted to Rs 51.82 crore, compared to Rs 1.04 crore in H1FY23. - H1FY24 Profit After Tax (PAT) reached Rs 33.13 crore, compared to (negative) Rs 0.26 crore in H1FY23. 2. Loan Book Growth: - Loan Book at the end of Q2FY24 was Rs 1,658 crore, a growth of 33% compared to the previous quarter. - Gross Disbursements in Q2FY24 through SGFL counter amounted to Rs 4,343 crore. 3. Income Growth: - Total Income in Q2FY24 increased by 26% QoQ. - Net Interest Income (NII) in Q2FY24 experienced a 20% QoQ growth. 4. Return on Assets and Equity: - Return on Assets (ROA) for Q2FY24 was 5.42%. - Return on Equity (ROE) for Q2FY24 was 10.44%. 5. Platform and Technology: - SG Finserve Limited operates on a 100% digital platform, facilitating quick and efficient loan processing. - The company utilizes AI-based credit scoring models, combining historical and current data to assess creditworthiness. 6. Business Partners: - SG Finserve Limited has partnered with various anchor companies, such as APL Apollo Tubes, Rama Steel Tubes, Vedanta, and Kirloskar Oil Engines. 7. Funding Partners: - SG Finserve Limited has collaborated with reputed banks and financial institutions including HDFC Bank, Axis Bank, Yes Bank, Bajaj Finserv, and Tata Capital. Result PDF
Other Financial Services company SG Finserve announced Q1FY24 results: Total Income for the quarter is Rs 34.84 crore as against Rs 27.53 crore in Q4FY23 Net Interest Income ( NII ) of Rs 23.51 crore as against Rs 20.47 crore in Q4FY23 The Company achieved PAT of Rs 15.64 crore as against Rs 14.05 crore in Q4FY23 Achieved Closing Loan Book of Rs 1243 crore, up from Rs 975 crore as on FY23 i.e. addition of Rs 268 crore; Growth of 27.49% QoQ basis No. of Borrowers closed at 851, up from 558 Borrowers in FY23 Result PDF
Other Financial Services company SG Finserve announced Q4FY23 & FY23 results: Q4FY23: Total Income for Q4FY23 is Rs 27.54 crore as against Rs 12.45 crore in Q3FY23 Net Interest Income (NII) of Rs 20.47 crore as against Rs 10.31 crore in Q3FY23 The company has achieved a PAT of Rs 14.05 crore as against Rs 4.61 crore in Q3FY23 FY23: Operating Income for the year is Rs 41.45 crore Net Interest Income (NII) of Rs 31.83 crore The company has achieved a PAT of Rs 18.41 crore Result PDF
Other financial services firm SG Finserve announced Q3FY23 results: Q3FY23: Total income for the quarter is Rs 12.45 crore, as against Rs 1.45 crore in Q2FY23 Net interest income (NII) of Rs 10.31 crore, as against Rs 1.04 crore in Q2FY23 The company has achieved PAT of Rs 4.61 crore, as against Rs 0.56 crore in Q2FY23 AUM- Addition of Rs 398 crore: Achieved closing book of Rs 736 crore, up from Rs 338 crore as on Q2FY23 Gross disbursements of Rs 2,076 crore and repayments received via counter amounting to Rs 1,738 crore Borrower: addition of 309 clients: Number of borrowers closed at 344, up from 35 borrowers in Q2FY23 Equity: addition of Rs 287 crore: Investors infused fresh equity raising current o/s to Rs 554 crore, up from Rs 267 crore o/s as on Q2FY23 Income growth: Interest income of Rs 12.35 crore vs Rs 1.27 crore in Q2FY23 Net interest income of Rs 10.31 crore vs Rs 1.04 crore in Q2FY23 Profit before tax of Rs 6.31 crore vs Rs 0.84 crore achieved in Q2FY23 Result PDF