SG Finserve Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 Aug 2026 | Finance | Market Cap: ₹4.5K Cr
SG Finserve aims to grow its loan book from Rs. Loan book expected to grow to Rs.
From SG Finserve Ltd's Q3 FY25 earnings-call transcript · updated 26 Aug 2026.
Price
₹700
Market Cap
₹4.5K Cr
P/E Ratio
28.9
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📊 Revenue & Sales Performance
- →SG Finserve aims to grow its loan book from Rs. 1,568 crores (Q3 FY25) to Rs. 4,000 crores by FY26 and Rs. 6,000 crores by FY27.
- →Growth is driven by strong MoUs with anchors totaling Rs. 5,000 crores, including large groups like Tata, Jindal, Vedanta, Whirlpool, and Polycab.
- →Expansion is based on both market growth and increasing market share, primarily focusing on well-established distributors.
- →The company plans to maintain an 18%-20% ROE and 4%-4.5% ROA with a solid spread of around 4% between lending rates (~13%) and borrowing costs (~8.5%).
- →Loan disbursement run-rate is expected to increase beyond the current quarterly Rs. 4,600 crores.
- →Digital onboarding and SAP integrations enable quick processing, supporting scalable volume growth.
- →Conservative leverage maintained at a 3:1 debt-to-equity ratio for sustainable expansion.
📈 Profitability & Margins
- →Loan book expected to grow to Rs. 4,000 crores by FY26 and Rs. 6,000 crores by FY27.
- →Operating income grew 37% quarter-on-quarter; interest income up 30%.
- →Highest ever PAT of Rs. 23.69 crores achieved in Q3 FY25, with a 68% QoQ growth.
- →Target ROE of 18%-20% and ROA of 4%-4.5% by FY27.
- →Projected PAT of around Rs. 270 crores on equity of Rs. 1,500 crores by FY27.
- →Cost to income ratio aimed to stay in single or low double digits, driven down by technology adoption.
- →Net profit forecast to improve significantly with controlled operational costs and 4%+ spread.
- →EPS expected to grow in line with profitability and equity base expansion to Rs. ~1,500 crores by FY27.
🏗️ Capital Expenditure Plans
- →The transcript does not explicitly mention any current or planned capex or strategic capital investments.
- →The focus is largely on scaling the loan book using existing equity and bank borrowings rather than investing in physical assets.
- →They plan to invest in technology to keep operating costs low and enhance efficiencies, including projects aimed at reducing manual labor through AI and machine learning.
- →There is an emphasis on digital onboarding and SAP integrations with anchor clients to streamline financing processes.
- →Growth is expected through expanding anchor MoUs and loan book rather than through significant capital expenditures.
- →The equity base is planned to grow to around Rs. 1,500 crores by FY27 to support loan book growth, which includes preferential capital infusion but not a direct capex for fixed assets.
💰 Fundraising & Capital Structure
- →SG Finserve has a current equity base of around Rs. 1,000 crores.
- →A preferential capital infusion of Rs. 340 crores is expected over the next 15 months, increasing equity to about Rs. 1,340 crores by FY26 and approximately Rs. 1,400 crores including profits.
- →Bank borrowings are planned to support growth, with consortium limits totaling about Rs. 2,600 crores already assessed by banks and Rs. 750 crores sanctioned.
- →SG Finserve aims to scale the loan book to Rs. 5,000-6,000 crores by FY27, supported by equity and bank debt.
- →There is no mention of fresh fundraising beyond the Rs. 340 crore preferential equity and existing/committed bank limits in the near future.
- →The company plans to keep a debt-to-equity leverage ratio around 3:1 internally as a conservative benchmark.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were SG Finserve Ltd Q3 FY25 results?
SG Finserve aims to grow its loan book from Rs. Loan book expected to grow to Rs.
What is SG Finserve Ltd share price analysis?
SG Finserve Ltd currently shows a neutral. The stock trades at a P/E of 28.9 with a market cap of ₹4,528 Cr. Investors should review the full earnings analysis for detailed insights.
Is SG Finserve Ltd planning capital expenditure?
The transcript does not explicitly mention any current or planned capex or strategic capital investments. - The focus is largely on scaling the loan book using existing equity and bank borrowings rather than investing in physical assets. - They plan to invest in technology to keep operating costs low and enhance efficiencies, including projects aimed at reducing manual labor through AI and machine learning. - There is an emphasis on digital onboarding and SAP integrations with anchor clients to streamline financing processes. - Growth is expected through expanding anchor MoUs and loan book rather than through significant capital expenditures. - The equity base is planned to grow to around Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.