Sbfc Finance Limited · NSE:SBFC
Sbfc Finance — Q1 FY2026 Earnings Presentation
28 slides from Sbfc Finance's earnings presentation, Jul 26, 2025
Slide 1: Exchange filing cover letter for investor presentation
26th July, 2025 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, 21st Floor, Dalal Street, Bandra (East), Mumbai – 400051. Mumbai – 400001. NSE Symbol: SBFC BSE Scrip Code: 543959 Sub: Investor Presentation
Slide 2: Investor Presentation Q1 FY 2026
Investor Presentation Q1 FY 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (‘Presentation”), which have been prepared by SBFC Finance Limited (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,
Slide 4: Executive Summary
Executive Summary Profitability 1 Profit after tax grew 28% YoY to ₹101 crore for the quarter Growth 2 AUM grew 30% YoY to ₹9,351 crore Credit Quality 3 Gross NPA at 2.78% with PCR of 44.38% Operating Efficiency 4 Cost-to-AUM ratio improved by 21bps YoY to 4.59% Return Ratios 5 RoA of 4.50% and RoE
Slide 5: SBFC – Q1 FY26 Performance
SBFC – Q1 FY26 Performance Size and Growth Distribution Granular Book Asset Quality Liability Profile Profitability 9,351 % 215 100% 2.78% 3,039 101 AUM GNPA PAT # Branches % Secured Tangible Net worth YoY +30% | QoQ +7% YoY +18 bps | QoQ +4 bps YoY +28% | QoQ +7% % 7,744 4,503 9.38* | 1.13* 1.57% C
Slide 6: Executive Summary
Executive Summary Team: Experienced, cycle-tested, professional 215 branches management with strong corporate governance 170 Cities backed by marquee investors 16 States 2 UTs Focused Segment: Offering Secured MSME loan to small businesses with focus on ₹5 lakh - ₹30 lakh ticket size Opportunity: Ma
Slide 7: SBFC Focus Segment – Customers Borrowing ₹5 Lakh to ₹30 Lakh
SBFC Focus Segment – Customers Borrowing ₹5 Lakh to ₹30 Lakh Large segment within MSME of ₹4 lakh cr and growing at CAGR 24% Segment Market Size1 (₹ tn) CAGR2 (%) >₹0.3 cr 9.7 19.4% Focus ₹0.05– 0.3 cr 4.0 24.4% Segment <₹0.05 cr 0.7 25.8% Total 14.4 18.5% Source: CRIF Data; 1 As of Mar-25; 2 CAGR p
Slide 8: Our Journey
Our Journey CARE, ICRA Ratings PAT crossed INR Upgraded us to ‘AA-’ 100cr in a Quarter Equity Listing on NSE in Q2 FY25. and BSE. India 1,50,000 customers ratings upgraded us to ‘AA -’ Included in MSCI Global Small 9,351 Cap Index 8,747 1,00,000 customers 150 Branches 150 cr PAT 6,822 Credit rating
Slide 9: Management
Management Experienced, cycle-tested, professional management Aseem Dhru Mahesh Dayani Narayan Barasia Sanket Agrawal Rajiv Thakkar MD & CEO Executive Director Chief Financial Officer Chief Strategy Officer, Chief Risk Officer Analytics & IR Ganesh Vaidya Sai Prashant Menon Sumeet Ghai Namrata Sajna
Slide 10: Board of Directors
Board of Directors Strong corporate governance backed by long term investors Neeraj Swaroop Rajesh Agrawal Surekha Marandi Chairman of the Board Jt. Managing Director, Ex Executive Director, Ex CEO – SCB, Singapore Ajanta Pharma RBI Independent Ravi Venkatraman Koni Uttam Nayak Ex Executive Director
Slide 11: Shareholding
Shareholding Shareholding Pattern Category of Shareholders % Share# 14.40% Promoter Clermont Group 53.19% 17.00% 53.19% Other Major Shareholders 7.12% SBI Mutual Fund 8.51% Amansa Capital 4.07% Malabar Funds 3.91% Aditya Birla Sun Life 3.16% Promoters Foreign Portfolio Investors Mutual Funds, AIF, I
Slide 12: Business Momentum
Business Momentum Delivering Consistent AUM Growth YoY : 30% QoQ : 7% 9,351 CAGR: 33% 8,747 8,747 17% 7,167 17% 17% 1% 6,822 16% 1% 15% 4,943 3% 18% 83% 83% 83% 83% 84% 79% Mar-23 Mar-24 Mar-25 Q1 FY 25 Q4 FY 25 Q1 FY 26 Secured MSME LAG Others Secured MSME LAG Others All figures in ₹ Cr. AUM 11
Slide 13: Business Momentum – Secured MSME
Business Momentum – Secured MSME AUM ATS in ₹ Lakhs Disbursement Value Disbursement Volume YoY: 30% YoY: 51% YoY: 48% QoQ: 7% QoQ: 6% QoQ: 9% 8,619 809 7,926 7,744 766 7,249 5,954 534 5,806 9.20 9.66 9.38 Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 AUM Secured MS
Slide 14: Business Momentum – Co-origination
Business Momentum Co-origination – Validates our profitable origination Co-origination Disbursement (₹ Cr) Co-origination AUM (₹ Cr) %1 20% 16% 12% 21% 20% 20% 1,481 1,523 122 107 1,230 94 Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 1Percentage is on Total Secured MSME Loans 13
Slide 15: Business Momentum
Business Momentum No concentration risk & well distributed growth Present in 16 states, 2 UTs covering 170 cities via 215 branches Driven by steady rise in AUM per branch ₹ Cr # Branches 36 56 123 215 <12 months >12 & <36 months >36 months 1 1 4 13 70 3 62 59 8 33 12 60 12 50 50 10 6 14 4 40 30 27 2
Slide 16: Technology Landscape
Technology Landscape Lead Generation Customer Credit Underwriting Pre-Disbursal Loan Disbursal Loan Servicing Onboarding • Digital Form • PD with customer • E-Nach • Digital Disbursal • Customer App • Feet on Street • OKYC/EKYC • CAM Summary • E-Sign IMPS/RTGS/NEFT • CRM Platform • Mobile App • PAN
Slide 17: Credit Underwriting
Credit Underwriting Tailored to service underserved, underbanked informal customers Most small businesses in India SBFC's business model, backed by experience in this segment have challenges • Credit officer spends time to understand income & cash flow (documented + non-documented) at family Partial
Slide 18: Credit Underwriting
Credit Underwriting Quality borrowers with credit score above 700 Over 85% AUM from customers with CIBIL >7001 Granular loan book with high quality collateral1 0/-1 7.5% 6.7% 6.4% 1.2% 0.8% 0.8% <650 6.6% 5.6% 5.4% 93% 42.2% > 650 & < 700 AUM secured by self occupied LTV residential / commercial pro
Slide 19: Credit Indicators
Credit Indicators Gross NPA %1 Net NPA %2 2.74% 2.78% 2.60% 1.51% 1.51% 1.57% PCR 42.6% 45.7 % 44.4% Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 1+ DPD %3 Collections Efficiency %4 8.12% 7.09% 97.89% 97.74% 97.24% 6.37% Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 Note: 1. Gross N
Slide 20: ECL Provisions Summary
ECL Provisions Summary As on June 30, 2025 Stage 1 Stage 2 Stage 3 Total Gross Loans Outstanding 7,672 308 228 8,208 ECL Provision 30 18 101 149 Net Loans Outstanding 7,642 290 127 8,059 ECL Provision % 0.38% 5.88% 44.38% 1.81% As on March 31, 2025 Stage 1 Stage 2 Stage 3 Total Gross Loans Outstandi
Slide 21: Collections Approach
Collections Approach In-house, on-ground collections teams – 99% collected digitally On-ground Teams Scalable Structure Adaptable collection strategy as per loan stage Loan Stage Branch staff Branch area- from local area + limited radius Normal • Call center autodial quick attention to customer issu
Slide 22: Financial Performance
Financial Performance Quarterly Trends in KPIs AUM Yield Spread (₹cr) 8,747 9,351 17.99% 8.67% 7,167 17.88% 8.53% 17.58% 8.23% Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 Opex to AAUM Gross NPA RoAAUM Cost/Income 40.85% 39.67% 39.07% 12.30% 13.14% 13.53% RoATE 4.
Slide 23: Sources of Borrowing
Sources of Borrowing Lenders to the Company Diversified Borrowing Mix – Q1 FY26 Public Sector Banks 10.3% Private Sector 17.6% Banks 41.0% 2.6% Financial Institutions (FIs) 8.7% 19.8% Foreign Banks Bank Rupee Loan ECB & FCNR Development NCD Securitisation Financial Co-origination DFI's & FI's Instit
Slide 24: ALM – June 2025
ALM – June 2025 Surplus 904 Upto 3 months 564 1,468 1,407 915 Upto 6 months 2,322 2,251 1,087 Upto 1 Year 3,339 4,844 598 Upto 3 Years 5,442 5,816 Upto 5 Years 1,726 7,542 9,284 5+ Years 9,284 Liablilities Asset All figures in ₹ Cr 23
Slide 25: Summary Financial Statements – Profit & Loss Statement for Q1 FY26
Summary Financial Statements – Profit & Loss Statement for Q1 FY26 Quarter Ended Growth (%) Particulars June March June Q-o-Q Y-o-Y 2025 2025 2024 Interest Income on Loans 350 322 263 8.5% 33.2% Interest Income other than on Loans 5 7 8 Fee & Other Income 34 32 27 Total Income 389 361 298 7.6% 30.6%
Slide 26: ROE Tree
ROE Tree Ratios Q1 FY26 Q4 FY25 Q1 FY25 FY25 FY24 Interest Income on Loans/ Average Loan Book 17.99% 17.88% 17.58% 17.75% 17.08% Fee & Other Income/ Average AUM 1.50% 1.52% 1.53% 1.44% 1.77% Borrowing Cost/ Average Borrowings 9.32% 9.35% 9.35% 9.33% 9.38% Spread 8.67% 8.53% 8.23% 8.42% 7.70% Net Int
Slide 27: Balance Sheet
Balance Sheet As On Particulars June March 2025 2025 Assets Cash and Bank Balances 258 429 Receivables 26 15 Loan Assets 8,059 7,504 Investments 479 327 Other financial assets 4 3 Current & Deferred tax assets (Net) 6 3 Property, Plant and Equipment etc. 310 309 Other non-financial assets 6 5 Total
Slide 28: Thank You
THANK YOU! For further information, please contact Mr. Sanket Agrawal (Chief Strategy Officer & IR) Email - sanket.agrawal@sbfc.com 27 PRIVATE & CONFIDENTIAL