SG Finserve Limited reported a provisional loan book of approximately ₹5,694 crore as of September 30, 2026, reflecting yearly growth of roughly 98% and quarterly growth of approximately 25%.

Loan book performance

The following table summarises the key loan book metrics reported by SG Finserve as of September 30, 2026.

The loan book nearly doubled on a yearly basis, with the roughly 98% YoY expansion indicating a significant scale-up in the company's lending portfolio. The approximately 25% quarterly growth further underscores the pace of expansion recorded in the period ending September 30, 2026.

Company profile and ratings

SG Finserve is a Digital First, Supply Chain focused, RBI registered Non-Banking Finance Company (NBFC) providing business financing solutions including Factoring of receivables and Digital Lending. The company leverages technology and a wide network of business partners to offer tailored financing solutions to Corporate and MSME customers.

The company holds an AA- / Stable / A1+ rating from CRISIL and an AA (CE) / Stable / A1+ rating from ICRA, reinforcing its position as a reliable financial institution.

What the Numbers Show

The data indicates that SG Finserve closed the first half of FY27 (H1FY27) with this loan book size. The ~25% QoQ growth suggests that the expansion was not just a result of base effects from the previous year but represents sustained momentum in the most recent quarter. This consistent quarterly addition supports the high annualized growth rate reported.

SG Finserve Limited reported its financial results for the quarter ended June 30, 2026, demonstrating strong year-over-year growth driven by robust interest income and improved operational efficiency. The company's net profit for Q1FY27 rose to ₹53.68 crore, a 119% increase from ₹24.52 crore in Q1FY26. Operating income for the quarter stood at ₹136.13 crore, more than doubling from ₹67.50 crore in the same period last year. The company maintained a NIL NPA book and achieved a Return on Assets of 5.1%.

Q1FY27 Financial Performance

The Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026. The following table summarises the key financial metrics:

The company reported a net profit margin of 39.44% for the quarter. Interest income for the quarter stood at ₹128.9 crore, while finance costs were recorded at ₹54.1 crore. The loan book reached an all-time high of ₹4,552 crore, registering a quarter-on-quarter growth of 16% and year-on-year growth of 82%.

Management Guidance and Growth Targets

Management shared detailed guidance during the earnings call, stating clear visibility to achieve a PBT of around INR 300 crores for FY27, representing approximately 75% year-on-year growth, which would translate to around INR 225 crores PAT. The company targets an AUM of INR 5,500 crores for FY27 and INR 10,000 crores by FY30. On the returns front, management aims to maintain a Return on Assets of around 5% and expand Return on Equity from 14% to 16% by transitioning from a 2x to 3x leverage, without needing to raise additional equity up to INR 10,000 crores AUM.

The company has outlined the following medium- to long-term targets:

On new product initiatives, the company has commercialized Factoring and TReDS solutions as of March/April, with future plans including digital lending, loan against property, and an insurance broking subsidiary. The insurance broking subsidiary is described as fee-based and B2B in nature, expected to be launched in 2–3 quarters.

Strategic Approvals and Governance Updates

During the board meeting, directors granted in-principle approval for evaluating the acquisition of a 51% stake in Succesship Technologies Private Limited, with a maximum investment of ₹20 crore. Additionally, the Board approved exploring the establishment of a wholly owned subsidiary in GIFT City as a Finance Company, subject to regulatory and viability assessments.

The Board approved the fixation of tenure for Mr. Abhishek Mahajan, Chief Risk Officer, for a period of five years effective July 14, 2026. In governance changes, the Board noted the resignation of Mr. Kush Mishra as Company Secretary & Compliance Officer effective July 18, 2026, and appointed Mr. Ankit Sharma as Company Secretary and Compliance Officer effective July 19, 2026.

Auditor and Regulatory Disclosures

The financial results were subjected to a limited review by M/s S. P. Chopra & Co., Chartered Accountants, the Statutory Auditors of the company. The Independent Auditor's Limited Review Report confirmed that the results are free from material misstatement and prepared in accordance with applicable Ind AS and RBI guidelines. The company also disclosed that it had fully repaid Secured Redeemable Non-Convertible Debentures amounting to ₹5,000 lakhs during the quarter.