SRG Housing Finance Ltd

Q4 FY25Finance

SRG Housing Finance Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹264

Market cap₹456 Cr

P/E13.3

Updated23 Aug 2026

Read4 min read

The short version

FY26 AUM target: INR 1,000+ crores with disbursement around INR 400 crores. FY25 PAT grew 14% to INR24 crores from INR21 crores last year.

From SRG Housing Finance Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

FY26 AUM target: INR 1,000+ crores with disbursement around INR 400 crores.
Plans to increase branches from 90 to 100 after crossing INR 1,000 crore AUM milestone.
For FY27, AUM expected around INR 1,300-1,350 crores with disbursement of approximately INR 500 crores.
Branch expansion to be minimal after reaching 100 branches, focus shifting to branch productivity.
Over next 2-3 years, targeted AUM growth up to INR 1,500 crores.
Profit after tax (PAT) expected to grow, with ROA projected to surpass 4% and cross 3.5% next year.
Expansion in Tamil Nadu and Telangana planned post FY25 with 10 new branches.

2 more points management made on revenue & sales performance

Profitability & Margins

FY25 PAT grew 14% to INR24 crores from INR21 crores last year.
ROA expected to improve from current ~3.17% to over 3.5% next year and cross 4% in subsequent years.
NIM expected to increase benefiting from lower repo rates and fixed-rate loans.
Operating expenses likely to stabilize or decrease as branch expansion slows after reaching 100 branches.
Equity capital raised supports scaling the loan book to INR1,000+ crores in FY26 and INR1,300-1,350 crores next year, aiding profit growth.
Borrowing cost expected to reduce with improved credit rating from BBB+ to A-minus post INR1,000 crore AUM milestone.

2 more points management made on profitability & margins

See what SRG Housing Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

No explicit mention of current or future capex or capital investments during the call.
Focus is more on branch expansion and productivity rather than heavy capital investment.
Planned branch expansion: 90 branches currently, targeting 100 branches; only 10 more branches planned post INR 1,000 crore AUM.
Emphasis on improving branch productivity rather than increasing the number of branches after reaching 100.
Fundraising through equity has been done to support growth and maintain a strong equity base.

2 more points management made on capital expenditure plans

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Fundraising & Capital Structure

No explicit mention of any immediate new fundraising through debt or equity in the call.
The company recently completed significant fundraises, including INR274 crores total, INR194 crores from lenders, and INR80 crores through equity.
Management mentions strong equity support and that whenever equity is needed, it will be available without going elsewhere.
No indication of new near-term fundraising planned; focus is on growing AUM with existing equity and borrowing.

- Borrowing mix currently includes 49% from Financial Institutions, 48% from banks, and 6% from NHB; limited use of NCDs due to higher cost. - Future access to cheaper funds anticipated as ratings improve (targeting A- rating after crossing INR1,000 crore AUM), which would lower borrowing costs. In summary, no immediate new fundraising planned, with strong equity and borrowing lines in place for growth.

2 more points management made on fundraising & capital structure

See what SRG Housing Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for SRG Housing Finance Ltd. However, relevant insights related to the loan book and disbursement targets include: - The company achieved an AUM (loan book) of INR 759 crores in FY25, exceeding their target of INR 750 crores. - Disbursement for FY25 was INR 305 crores. - FY26 disbursement target is around INR 400 crores with an AUM target of INR 1,000+ crores. - They plan to further increase the AUM to INR 1,300-1,350 crores next year, and around INR 1,500 crores in the following year.

2 more points management made on order book & pipeline

What SRG Housing Finance Ltd's management said in earlier quarters

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Frequently Asked Questions

What were SRG Housing Finance Ltd Q4 FY25 results?

FY26 AUM target: INR 1,000+ crores with disbursement around INR 400 crores. FY25 PAT grew 14% to INR24 crores from INR21 crores last year.

What is SRG Housing Finance Ltd share price analysis?

SRG Housing Finance Ltd currently shows a neutral. The stock trades at a P/E of 13.3 with a market cap of ₹456 Cr. Investors should review the full earnings analysis for detailed insights.

Is SRG Housing Finance Ltd planning capital expenditure?

No explicit mention of current or future capex or capital investments during the call.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.