What drove the sharp profit increase?

Total income rose to **₹136.13 cr** from a year-ago **₹24.52 cr** net profit base, led by a sharp increase in interest income. The company's loan book had already jumped **82% YoY** to **₹4,551 cr** in the same quarter, as disclosed earlier.

No. Gross and net non-performing assets remained nil for the quarter. However, the company's debt-to-equity ratio stands at **1.85**, which is elevated for an NBFC.

What is the acquisition plan?

The board gave in-principle approval to evaluate buying a **51%** stake in Successfully Technologies Private Limited for up to **₹20 cr**, subject to due diligence and independent valuation. No definitive agreement has been signed.

Why did the company secretary change?

Kush Mishra resigned effective **18 July**. Ankit Sharma was appointed as the new company secretary and compliance officer from **19 July**. This is a routine governance matter.

Earnings · Finance - NBFC · Small cap

SG Finserve's Q1 profit doubles to ₹54 cr; board eyes ₹20 cr acquisition

Net profit more than doubled to ₹53.68 cr on total income of ₹136.13 cr. NPAs remain nil. Board also gave in-principal nod for a 51% stake in Successfully Technologies and a GIFT City subsidiary.

— 7 earlier stories on SG Finserve Ltd. →

SGFIN By Tipsheet Editorial 14 Jul 2026 · 2:08 PM IST Verify on BSE · NSE

Mkt cap₹3,868 cr

P/E30.30×

ROE8.74%

Debt / eq.1.85

₹53.68 cr Net profit for the June 2026 quarter, more than double the ₹24.52 cr a year ago

What's new

Net profit more than doubled to ₹53.68 cr from ₹24.52 cr YoY
Gross and net NPAs remained nil during the quarter
Board approved evaluating a 51% stake in Successfully Technologies for up to ₹20 cr and exploring a GIFT City subsidiary

Why this matters

The sharp profit growth shows strong underlying momentum, but the strategic moves are early stage and already known to the market. The clean NPA profile is a positive, though the company's high debt-to-equity of 1.85 bears watching.

What we're watching

Due diligence and valuation outcome for the proposed 51% stake in Successfully Technologies
Final board decision on setting up a GIFT City finance subsidiary
Whether profit growth sustains in coming quarters given the high trailing ROE of 8.7%

The full read

SG Finserve's June quarter net profit more than doubled to ₹53.68 cr from ₹24.52 cr a year ago, on total income of ₹136.13 cr. Gross and net NPAs remained nil. The board also gave in-principle approval to evaluate a 51% stake in Successfully Technologies for up to ₹20 cr and to explore a GIFT City finance subsidiary. Separately, company secretary Kush Mishra resigned, replaced by Ankit Sharma. The profit growth is strong but backward-looking; the strategic moves were already flagged in prior board outcomes. A clean balance sheet helps, but the stock's trailing P/E of 30.3 leaves little room for error. On the table now is whether the acquisition and GIFT City foray move from evaluation to execution.

Questions answered

What drove the sharp profit increase?: Total income rose to ₹136.13 cr from a year-ago ₹24.52 cr net profit base, led by a sharp increase in interest income. The company's loan book had already jumped 82% YoY to ₹4,551 cr in the same quarter, as disclosed earlier.
Are NPAs a concern?: No. Gross and net non-performing assets remained nil for the quarter. However, the company's debt-to-equity ratio stands at 1.85, which is elevated for an NBFC.
What is the acquisition plan?: The board gave in-principle approval to evaluate buying a 51% stake in Successfully Technologies Private Limited for up to ₹20 cr, subject to due diligence and independent valuation. No definitive agreement has been signed.
Why did the company secretary change?: Kush Mishra resigned effective 18 July. Ankit Sharma was appointed as the new company secretary and compliance officer from 19 July. This is a routine governance matter.

Mentioned: Successfully Technologies Private Limited · GIFT City · ₹20 cr

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

SG Finserve Ltd.

NBFC

₹4,605 cr

P/E 29.37×

Latest quarter · Jun 2026

Total income₹136 cr

Net profit₹54 cr

Net margin+39.4%

EPS₹8.15

Leverage & growth

Debt / equity1.85×

Sales CAGR+60.1%

EPS CAGR+226.1%

Story so far

All notes on SGFIN →

14 Jul 2026 · 2:08 PM IST SG Finserve's Q1 profit doubles to ₹54 cr; board eyes ₹20 cr acquisition
8d ago SG Finserve partners BharatPe, Successfully for digital merchant lending
10d ago SG Finserve targets ₹300 cr PBT for FY27, up 75%
14d ago SG Finserve's record Q1 profit is already old news
14d ago SG Finserve's Q1 profit doubles to ₹54 cr; loan book at record ₹4,552 cr