SBFC Finance (SBFC) Q4 23/24 earnings summary

Executive summary

• Achieved 38% year-over-year growth in Assets Under Management (AUM), reaching ₹68,219 million as of March 31, 2024.

• Net profit after tax rose 58% to ₹2,370 million for FY24 compared to FY23.

• Expanded branch network by 31 branches to 183 across 18 states and union territories.

• Successfully completed IPO and listed on NSE and BSE in August 2023.

Financial highlights

• Total income increased 38% to ₹10,198 million for FY24 (₹7,404 million in FY23).

• Net Interest Margin improved to 9.67% (FY23: 9.32%).

• Return on Tangible Equity (ROTE) at 11.90% (FY23: 12.01%).

• Operating expenses to average AUM reduced to 5.22% (FY23: 5.70%).

• Capital Adequacy Ratio strengthened to 40.52% (FY23: 31.90%).

• Basic EPS for FY24 at ₹2.35 (FY23: ₹1.71).

Outlook and guidance

• Focus on controlled, profitable growth with continued investment in technology and people.

• Plans to further expand reach in underbanked markets and enhance digital capabilities.

• Commitment to maintaining asset quality and robust risk management.