1. Opening Hook
When an NBFC boasts zero NPAs in 2025, you either applaud or quietly check their Excel formulas. SG Finserve’s management swore by that “immaculate” record while also announcing a CEO–CFO double exit on the same day — pure Bollywood timing. The cherry? They guided for 10% QoQ growth and “no disruptions,” right before admitting macros are slowing and yields fell 90 bps.
A clean book, a leadership shuffle, and cautious optimism — this isn’t your average Finserve call; it’s a transition disguised as confidence. Stay tuned — the numbers are tidy, but the subtext? Messy and entertaining.
2. At a Glance
- Loan Book ₹2,878 Cr – Up 15% QoQ; expanding faster than their org chart.
- PAT ₹53 Cr (H1) – Up 16% QoQ; now targeting ₹120–125 Cr FY26 vs ₹150 Cr earlier.
- PBT Guidance FY27 ₹250 Cr – Because round numbers sound authoritative.
- Disbursements ₹52,000 Cr (lifetime) – Claimed zero NPA; skeptics fainted.
- Yield 11.5% – Down from 12.4%; Tata Motors & Mahindra blamed politely.
- Equity Base ₹1,071 Cr – Plus ₹338 Cr incoming April’26; dilution? Just 1 Cr shares.
- Management Changes – CEO, CFO out; new team “seasoned” and “seamless.”
3. Management’s Key Commentary
Anubhav Gupta: “Loan book grew 15% QoQ, profits 16%. We’ve disbursed ₹52,000 Cr till date with zero NPA.”
(Translation: Our Excel sheet wears a halo.)
Sorabh Dhawan: “We’re growing responsibly — zero risk mindset.”
(Zero risk = zero sleep for auditors.)
Anubhav Gupta: “New CEO Vinay Gupta joins from
