SG Finserve targets ₹300 cr PBT for FY27, up 75%
CEO Vinay Gupta guided for record profit before tax of around ₹300 crore, with loan book growing to ₹5,500 crore by March 2027. No equity raise needed.
— 7 earlier stories on SG Finserve Ltd. →What's new
- CEO guided FY27 PBT of ~₹300 crore, 75% YoY growth.
- Loan book to hit ₹5,500 crore by March 2027 from ₹4,552 crore in June 2026.
- Factoring business reached ₹225 crore; insurance broking subsidiary formed.
Why this matters
The guidance cements a growth trajectory that was already priced in after Q1. The absence of any equity dilution means all expansion is funded via higher gearing and retained earnings. Zero NPAs and a lean cost structure make the story execution-dependent.
What we're watching
- Whether loan book hits ₹5,500 crore by March 2027.
- Insurance broking regulatory approval and its revenue contribution.
- If gearing rises to 3x without triggering NPA slippage.
The full read
SG Finserve's Q1 earnings call transcript locks in the forward narrative. CEO Vinay Gupta guided to a full-year profit before tax of ₹300 crore, a 75% jump, and set a loan-book target of ₹5,500 crore by March 2027 from the current ₹4,552 crore. Funding is internal: no new equity, just gearing rising from 2.2x to 3x. The factoring business has hit ₹225 crore, and an insurance broking subsidiary is in the pipeline. Asset quality remains perfect with zero NPAs. The transcript confirms a high-growth, no-dilution path, but the market has already absorbed this. The open question is execution quarter by quarter.
Questions answered
- What is SG Finserve's full-year profit guidance for FY27?
- CEO Vinay Gupta guided for a profit before tax of around ₹300 crore, representing 75% year-on-year growth.
- Does the company need to raise equity to fund loan book growth?
- No. Management stated that no equity raise is required. Gearing will increase gradually from 2.2x to 3x, meaning debt will fund the expansion.
- What are the new business ventures mentioned?
- The factoring business, launched earlier in FY27, reached ₹225 crore in outstanding. A new insurance broking subsidiary has been incorporated and awaits regulatory approval.
- How is asset quality at SG Finserve?
- The company reported zero non-performing assets, maintaining its historically pristine asset quality.
- What is the long-term AUM target?
- Management outlined a long-term AUM target of ₹10,000 crore by FY30, signaling sustained growth ambitions.
SG Finserve Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on SGFIN →- 18 Jul 2026 · 11:52 AM IST SG Finserve targets ₹300 cr PBT for FY27, up 75%
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