SBFC Finance Q3 Results: Profit ₹118 Cr, AUM Bhaga! Lekin Yeh Concerns Dekho

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AuthorRiya Kapoor|Published at:
SBFC Finance Q3 Results: Profit ₹118 Cr, AUM Bhaga! Lekin Yeh Concerns Dekho
Overview

SBFC Finance ne Q3 FY'26 mein kamaal kar diya, bro! Inka Profit After Tax (PAT) **34%** saal-dar-saal badh kar ₹**118 crore** ho gaya hai. Assets Under Management (AUM) bhi **29%** jump karke ₹**10,478 crore** pahunch gaya. Lekin company ne kuch chinta bhi jatayi hai interest rates aur logo ke badhte debt ko lekar, aur haan, CEO bhi change ho rahe hain!

📈 Numbers Toh Solid Hain!

SBFC Finance ka Q3 FY'26 ka performance kaafi zabardast raha. Unka Assets Under Management (AUM) 29% year-on-year badh kar ₹10,478 crore ho gaya December 31, 2025 tak, aur quarter-on-quarter bhi yeh 5% upar gaya. Profit After Tax (PAT) mein bhi 34% YoY ka bada jump dikha, jo ₹118 crore bana hai. Quarter-on-quarter PAT 8% badha hai. Achhi baat yeh hai ki Gross Non-Performing Asset (GNPA) ratio 2.71% par stable hai, aur Provision Coverage Ratio (PCR) 46.2% hai.

Net Interest Spread bhi sudhar kar 9.04% ho gaya hai, jo pichhle saal se 54 basis points zyaada hai. Yield 17.78% aur borrowing cost 8.74% (pichhle saal se 57 bps kam) raha. Return on Average Tangible Equity (RoTaTE) 14.56% ho gaya hai Q3 FY'26 mein, jo Q2 FY'26 mein 14.09% tha. Company ka Capital Adequacy Ratio (CAR) bhi mast 31.7% hai. Cost-to-income ratio 35% hai, aur target hai FY'26 mein operating costs 50 basis points kam karne ka. Naye wage code ki wajah se ek ₹2.24 crore ka one-time impact hua tha, par woh manage ho gaya.

🎤 Management Kya Keh Raha Hai?

Management ne macroeconomic trends par focus kiya hai. Unka kehna hai ki interest rates aur badh sakte hain kyunki government ki borrowing zyada hai aur monetary policy ka asar ab dikhega. Unhone yeh bhi bataya ki logo ka household debt tezi se badh raha hai, jo financial assets banane ki speed se dugni hai, aur log loans consumption ke liye zyada use kar rahe hain. Is sab ke bawajood, company ne FY'26 ke end tak 5% se 7% QoQ AUM growth ka guidance maintain rakha hai. Lekin ek alert hai, disbursement mein thodi dikat aa rahi hai, khaas kar Southern aur Eastern markets mein. Iska reason hai 'amber' bureau scores jiski wajah se filters tight hue hain aur kuch disbursals ruke hain. Hope hai ki Q4 mein isme sudhar hoga.

Ek bada leadership change bhi hua hai: MD & CEO Aseem Dhru ab Non-Executive Vice Chairman banenge, aur Mahesh Dayani unki jagah CMD ka charge sambhalenge.

🚩 Risks Aur Aage Ka Outlook

Main risks interest rates ke badhne aur household debt ke badhne se loan demand aur asset quality par padne wala effect hai. Regional disbursement mein jo issues aa rahe hain, woh bhi ek risk hai. Company abhi healthy spreads maintain karne, operating efficiency badhane aur cost-to-income ratio target achieve karne par focus kar rahi hai. ROE ko 15% milestone tak le jaane ki koshish hai. Company lagbhag 20% origination co-origination deals se karna chahti hai, khaas kar SME segment mein jo Tier 2 aur Tier 3 locations mein hai, jahan average ticket size ₹10 lakh hai.

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