Q1 2025 SBFC Finance Ltd Earnings Call Transcript
Key Points
- SBFC Finance Ltd (BOM:543959) reported a 35% year-over-year growth in AUM, reaching INR 7,001.67 crore.
- The company added three new branches during the quarter, expanding its reach.
- SBFC Finance Ltd received a rating upgrade from A-plus positive to double A-minus stable, reflecting improved creditworthiness.
- The company's return on average AUM remained stable at 4.6%, while return on average tangible equity increased to 12.3%.
- The cost of funds increased by only one basis point quarter-on-quarter, indicating effective cost management in a rising interest rate environment.
- The company's AUM growth of 5% quarter-on-quarter was at the lower end of its guided range, impacted by a long electoral process and climate challenges.
- Gross NPAs increased to 2.6% as of June 2024, indicating a rise in asset quality issues.
- Credit costs increased by one basis point quarter-on-quarter, reflecting higher provisioning needs.
- The average ticket size of MSME loans decreased to about INR 9.29 lakh, which could impact profitability.
- Collection efficiencies were muted during the quarter, leading to an increase in the 1% DPD portfolio.
Ladies and gentlemen, good day, and welcome to the SPFINA. Q1 FY 20 Earnings Conference Call on Tuesday.
Yes, as a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask. Sorry, should you need assistance during the call, please signal an operator by pressing star zero on, please note that this conference is at the conference over to Mr. Renish.
Yes, hi. Thank you. Good morning, everyone, and welcome to see if we can answer you one approximately five o'clock conference call. I will now hand over the call to syndicate our content production and 64 convert the old incentive.
Thank you, Ramesh, and good morning, everyone. Thank you for joining the call early in the morning. I have with me the management of HDFC Processing grew from someone who has done in Houston around Russia in the second quarter.
I will start with opening
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