{"id":73100,"date":"2026-04-17T12:34:18","date_gmt":"2026-04-17T07:04:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=73100"},"modified":"2026-04-17T12:34:19","modified_gmt":"2026-04-17T07:04:19","slug":"sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/","title":{"rendered":"SG Finserve Q4 FY26 Results: PAT Jumps 78% to \u20b942.27 Crore, Loan Book Hits \u20b93,936 Crore All-Time High, NIL NPA \u2014 Stock Surges 11.5%"},"content":{"rendered":"<p>SG Finserve Limited \u2014 the Delhi\/Bengaluru-based supply chain NBFC \u2014 delivered its strongest quarterly performance ever in Q4 FY26. Net profit of \u20b942.27 crore surged 77.69% year-on-year and 30.17% quarter-on-quarter. Revenue hit a record \u20b9105.41 crore \u2014 up 94.88% year-on-year. The loan book reached an all-time high of \u20b93,936 crore as of March 31, 2026, growing 75% year-on-year and 23% quarter-on-quarter. Gross NPAs remain zero for the seventh consecutive quarter. The stock reacted emphatically, surging 11.51% on April 16 to close at \u20b9517.65.<\/p><p>For the full year FY26, SG Finserve delivered PAT of \u20b9127.66 crore \u2014 up 57.6% from \u20b980.99 crore in FY25 \u2014 on revenues of \u20b9333.41 crore, nearly doubling from \u20b9169.97 crore. Gross disbursements crossed \u20b925,000 crore during FY26, up 40% year-on-year. Return on Assets reached 4.80% and Return on Equity 12% \u2014 both improving from prior year levels.<\/p><p>Track SG Finserve and get investment research on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#SG_Finserve_Q4_FY26_Financial_Results\" title=\"SG Finserve Q4 FY26 Financial Results\">SG Finserve Q4 FY26 Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#The_Loan_Book_Story_%E2%82%B93936_Crore_and_Growing\" title=\"The Loan Book Story: \u20b93,936 Crore and Growing\">The Loan Book Story: \u20b93,936 Crore and Growing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#Capital_Structure_and_Leadership\" title=\"Capital Structure and Leadership\">Capital Structure and Leadership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#1_What_was_SG_Finserves_Q4_FY26_PAT\" title=\"1. What was SG Finserve&#8217;s Q4 FY26 PAT?\">1. What was SG Finserve&#8217;s Q4 FY26 PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#2_What_is_SG_Finserves_loan_book_as_of_March_31_2026\" title=\"2. What is SG Finserve&#8217;s loan book as of March 31, 2026?\">2. What is SG Finserve&#8217;s loan book as of March 31, 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#3_What_is_SG_Finserves_NPA_status\" title=\"3. What is SG Finserve&#8217;s NPA status?\">3. What is SG Finserve&#8217;s NPA status?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#4_Why_did_SG_Finserve_shares_rise_115_on_April_16\" title=\"4. Why did SG Finserve shares rise 11.5% on April 16?\">4. Why did SG Finserve shares rise 11.5% on April 16?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#5_What_is_SG_Finserves_FY26_full-year_performance\" title=\"5. What is SG Finserve&#8217;s FY26 full-year performance?\">5. What is SG Finserve&#8217;s FY26 full-year performance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#6_What_new_business_did_SG_Finserve_launch_in_Q4\" title=\"6. What new business did SG Finserve launch in Q4?\">6. What new business did SG Finserve launch in Q4?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#7_When_do_TCS_announce_Q4_results\" title=\"7. When do TCS announce Q4 results?\">7. When do TCS announce Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#8_Is_SG_Finserve_a_good_investment\" title=\"8. Is SG Finserve a good investment?\">8. Is SG Finserve a good investment?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/sg-finserve-q4-fy26-results-pat-42-crore-loan-book-3936-crore\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SG_Finserve_Q4_FY26_Financial_Results\"><\/span><strong>SG Finserve Q4 FY26 Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q4 FY26 (Actual)<\/strong><\/td><\/tr><tr><td>Operating Income<\/td><td>\u20b985.84 Cr (Q3)<\/td><td>\u20b954.09 Cr (Q4 FY25)<\/td><td>\u20b9105.41 Cr (+94.88% YoY)<\/td><\/tr><tr><td>Net Interest Income<\/td><td>\u20b949.44 Cr<\/td><td>\u20b931.28 Cr (Q4 FY25) approx.<\/td><td>\u20b962.73 Cr (+77% YoY, +27% QoQ)<\/td><\/tr><tr><td>Profit Before Tax<\/td><td>\u20b943.05 Cr<\/td><td>\u20b931.08 Cr<\/td><td>\u20b956.21 Cr (+81% YoY, +30% QoQ)<\/td><\/tr><tr><td>Profit After Tax (PAT)<\/td><td>\u20b932.47 Cr<\/td><td>\u20b923.79 Cr<\/td><td>\u20b942.27 Cr (+77.69% YoY, +30.17% QoQ)<\/td><\/tr><tr><td>Loan Book (EOP)<\/td><td>\u20b93,210 Cr<\/td><td>\u20b92,248 Cr (Mar 2025)<\/td><td>\u20b93,936 Cr (+75% YoY, +23% QoQ)<\/td><\/tr><tr><td>FY26 PAT<\/td><td>\u2014<\/td><td>\u20b980.99 Cr (FY25)<\/td><td>\u20b9127.66 Cr (+57.6% YoY)<\/td><\/tr><tr><td>FY26 Revenue<\/td><td>\u2014<\/td><td>\u20b9169.97 Cr (FY25)<\/td><td>\u20b9333.41 Cr (+96% YoY)<\/td><\/tr><tr><td>NPA Status<\/td><td>NIL<\/td><td>NIL<\/td><td>NIL (all-time)<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: SG Finserve audited financial results, NSE outcome filing April 16, 2026, ICICI Direct rapid results, EquityBulls.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Loan_Book_Story_%E2%82%B93936_Crore_and_Growing\"><\/span><strong>The Loan Book Story: \u20b93,936 Crore and Growing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SG Finserve&#8217;s loan book has grown from \u20b9975 crore in March 2023 to \u20b93,936 crore in March 2026 \u2014 a 4x expansion in three years. The Q4 FY26 addition of approximately \u20b9726 crore sequentially reflects accelerating disbursement momentum. Gross disbursements for Q4 were strong, contributing to the full-year \u20b925,000 crore gross disbursement figure. The company provides working capital financing to dealers, distributors, and vendors of anchor corporates including Tata Group, JSW, Vedanta, Ashok Leyland, APL Apollo, Bajaj Electricals, Whirlpool, Oppo, and Kajaria \u2014 a diversified set of blue-chip anchors across construction, autos, and consumer electronics.<\/p><p>A key highlight from the management commentary: SG Finserve successfully commercialised its factoring business in March 2026, providing a new product revenue stream alongside the existing supply chain financing. This diversification of income lines is an important strategic development for FY27.<\/p><p>Screen SG Finserve&#8217;s fundamentals on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Structure_and_Leadership\"><\/span><strong>Capital Structure and Leadership<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>During FY26, SG Finserve raised \u20b9316 crore through conversion of share warrants, significantly strengthening its capital base. Total equity stands at \u20b91,460 crore as of March 31, 2026, with leverage of just 1.9x \u2014 providing substantial headroom for further loan book expansion without equity dilution in the near term. The company targets \u20b97,500 crore AUM by FY30 with a 20% CAGR, and \u20b9500 crore Profit Before Tax in the same timeframe. The board also approved the appointment of Deepak Kumar as Additional Director and Chairperson effective April 16, 2026, subject to shareholder approval.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>SG Finserve&#8217;s Q4 FY26 results are exceptional across every metric \u2014 PAT up 78%, revenue up 95%, loan book at all-time high, NIL NPA maintained. The company is executing on its &#8220;deepening and widening&#8221; strategy: adding new anchor relationships, expanding existing ones, launching new products like factoring, and strengthening the capital base. At a market cap of approximately \u20b93,100 crore (post +11.5% on results day) against FY26 PAT of \u20b9127.66 crore, the stock trades at ~24x trailing earnings \u2014 a premium that reflects the high growth trajectory but demands continued execution. The FY30 targets of \u20b97,500 crore AUM and \u20b9500 crore PBT represent a 5x PAT expansion from FY26 \u2014 ambitious but not implausible given the trajectory.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_was_SG_Finserves_Q4_FY26_PAT\"><\/span><strong>1. What was SG Finserve&#8217;s Q4 FY26 PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SG Finserve reported Q4 FY26 PAT of \u20b942.27 crore \u2014 up 77.69% year-on-year from \u20b923.79 crore in Q4 FY25, and up 30.17% quarter-on-quarter from \u20b932.47 crore in Q3 FY26.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_is_SG_Finserves_loan_book_as_of_March_31_2026\"><\/span><strong>2. What is SG Finserve&#8217;s loan book as of March 31, 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SG Finserve&#8217;s loan book reached \u20b93,936 crore as of March 31, 2026 \u2014 up 75% year-on-year from \u20b92,248 crore in March 2025, and up 23% quarter-on-quarter from \u20b93,210 crore in December 2025. This is an all-time high for the company.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_is_SG_Finserves_NPA_status\"><\/span><strong>3. What is SG Finserve&#8217;s NPA status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SG Finserve has maintained NIL Gross NPA for seven consecutive quarters \u2014 a remarkable asset quality record for an NBFC with a \u20b93,936 crore loan book growing at 75% YoY. The cost-to-income ratio remains below 15%.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Why_did_SG_Finserve_shares_rise_115_on_April_16\"><\/span><strong>4. Why did SG Finserve shares rise 11.5% on April 16?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SG Finserve surged 11.51% to \u20b9517.65 on April 16, 2026, as investors cheered the record Q4 PAT of \u20b942.27 crore (+78% YoY), 95% revenue growth, all-time high loan book, and NIL NPA \u2014 all significantly beating market expectations.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_is_SG_Finserves_FY26_full-year_performance\"><\/span><strong>5. What is SG Finserve&#8217;s FY26 full-year performance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>FY26 PAT was \u20b9127.66 crore (+57.6% YoY), revenue \u20b9333.41 crore (+96% YoY), RoA 4.80%, RoE 12%, gross disbursements \u20b925,000 crore (+40% YoY). Total equity stands at \u20b91,460 crore with leverage of 1.9x.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_What_new_business_did_SG_Finserve_launch_in_Q4\"><\/span><strong>6. What new business did SG Finserve launch in Q4?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SG Finserve commercialised its factoring business in March 2026 \u2014 a new product line alongside its core supply chain financing. This diversifies income streams and positions the company for FY27 growth through broader financial services offerings.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_When_do_TCS_announce_Q4_results\"><\/span><strong>7. When do TCS announce Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">TCS declared Q4 FY26 results on April 9, 2026<\/a>. <\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Is_SG_Finserve_a_good_investment\"><\/span><strong>8. Is SG Finserve a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>SG Finserve&#8217;s growth metrics are exceptional, but investors should note the relatively low ROE (12%) compared to high-growth NBFCs, moderate leverage (1.9x), and the premium valuation (~24x trailing PAT). The FY30 targets require sustained high growth. Consult a SEBI-registered advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/best-agrolife-q4-fy26-results-expectations\">Best Agrolife Q4 FY26 Results Preview &amp; Earnings Expectations<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bhansali-engineering-polymers-q4-fy26-results-expectations\">Bhansali Engineering Polymers Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/berger-paints-q4-fy26-results-expectations\">Berger Paints Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/beml-q4-fy26-results-expectations\">BEML Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/belrise-industries-q4-fy26-results-expectations\">Belrise Industries Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>SG Finserve Limited \u2014 the Delhi\/Bengaluru-based supply chain NBFC \u2014 delivered its strongest quarterly performance ever in Q4 FY26. Net profit of \u20b942.27 crore surged 77.69% year-on-year and 30.17% quarter-on-quarter. Revenue hit a record \u20b9105.41 crore \u2014 up 94.88% year-on-year. The loan book reached an all-time high of \u20b93,936 crore as of March 31, 2026,<\/p>\n","protected":false},"author":23,"featured_media":73103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-73100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776409543:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["60"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["SG Finserve Q4 FY26 Results: PAT \u20b942.27 Crore (+78% YoY), Loan Book \u20b93,936 Crore, NIL NPA \u2014 Stock Up 11.5%"],"rank_math_description":["SG Finserve Q4 FY26 results: PAT \u20b942.27 crore (+77.69% YoY), revenue \u20b9105.41 crore (+95%), NII \u20b962.73 crore (+77%), loan book \u20b93,936 crore (+75%). 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