By BullScreen Editorial Team 
SG Finserve Limited reported strong performance in its Q4 results 2026, driven by robust growth in lending activity and steady asset quality. The company posted a sharp rise in profitability and income, reflecting improved scale and operational efficiency.
For the March quarter, profit after tax (PAT) stood at ₹42.3 crore, registering a 30% quarter-on-quarter increase. For the full fiscal year FY26, PAT climbed 58% year-on-year to ₹127.7 crore, compared to ₹81 crore in the previous year. Profit before tax (PBT) also rose significantly by 56% to ₹171.5 crore.
The company’s total operating income nearly doubled to ₹333.7 crore in FY26 from ₹170.3 crore a year earlier, marking a 96% increase. Interest income surged 94% to ₹320.2 crore, while net interest income (NII) grew 44% to ₹199.2 crore, highlighting strong core lending performance.
A key highlight of the Q4 results 2026 was the sharp expansion in assets under management (AUM), which reached ₹3,936 crore as of March 31, 2026, up 75% year-on-year. Despite rapid growth, the company maintained a disciplined credit profile with zero non-performing assets (NPAs), underlining strong risk management.
Operationally, SG Finserve achieved gross disbursements exceeding ₹25,368 crore during FY26, up 40% year-on-year, while the number of invoices financed crossed 1.65 lakh, growing 25%. The company reported a return on assets (RoA) of 4.8% and return on equity (RoE) of 12%, with a cost-to-income ratio below 15%, indicating high efficiency.
The company continues to focus on supply chain financing, further strengthening its business with the launch of a factoring segment in March 2026. Its strategy centers on expanding its customer base and introducing new products, including micro LAP and digital lending solutions.
SG Finserve operates across 30 locations in India and partners with major corporates such as Mahindra, Tata Motors, Adani, and Vedanta, along with leading banks like HDFC Bank, ICICI Bank, and Axis Bank.
Looking ahead, the company expects AUM to grow at 25–30% CAGR and PAT at 30–35% CAGR, while targeting RoE of up to 16%. The Q4 results 2026 underscore SG Finserve’s strong growth trajectory in India’s expanding non-banking financial sector.
| Metric | FY26 Value | YoY Growth | Key Insight |
|---|---|---|---|
| Profit After Tax (PAT) | ₹127.7 Cr | +58% | Strong profitability growth |
| Q4 PAT | ₹42.3 Cr | +30% QoQ | Consistent quarterly momentum |
| Profit Before Tax (PBT) | ₹171.5 Cr | +56% | Improved earnings performance |
| Total Operating Income | ₹333.7 Cr | +96% | Revenue nearly doubled |
| Interest Income | ₹320.2 Cr | +94% | Strong lending-driven income |
| Net Interest Income (NII) | ₹199.2 Cr | +44% | Stable core income growth |
| Loan Book (AUM) | ₹3,936 Cr | +75% | Significant scale expansion |
| Net Worth | ₹1,460 Cr | — | Strengthened capital base |
| Gross Disbursements | ₹25,368 Cr+ | +40% | High business activity |
| Invoices Financed | 1.65 Lakh+ | +25% | Expanding customer reach |
| Return on Assets (RoA) | 4.80% | — | Efficient asset utilization |
| Return on Equity (RoE) | 12.00% | — | Healthy shareholder returns |
| Cost-to-Income Ratio | <15% | — | Strong cost efficiency |
| Debt-to-Net Worth (Leverage) | 1.9x | — | Controlled leverage |
| Asset Quality (NPAs) | NIL | — | Zero bad loans, strong risk management |
| Metric | Target Range | Strategic Focus |
|---|---|---|
| AUM Growth | 25% – 30% CAGR | Loan book expansion |
| PAT Growth | 30% – 35% CAGR | Profit acceleration |
| Return on Assets | 4.5% – 5.0% | Maintain efficiency |
| Return on Equity | 14% – 16% | Enhance shareholder value |
| Cost-to-Income Ratio | 13% – 17% | Cost discipline |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/b54406b2-af4c-418b-a84d-a5a0e2d3063d.pdf