Sbfc Finance Limited · NSE:SBFC
Sbfc Finance — Q1 FY2027 Earnings Presentation
29 slides from Sbfc Finance's earnings presentation, Jul 25, 2026
Slide 1: Exchange filing cover letter for investor presentation
25th July, 2026 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 2027
Investor Presentation Q1 FY 2027
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 – Jun 2026
Executive Summary – Jun 2026 Profitability 1 Profit after tax grew 29% YoY to ₹130 crore for the quarter. Growth 2 AUM grew 27% YoY and 6% QoQ to ₹11,922 crore. Credit Quality 3 Gross NPA at 2.66% with PCR of 42% Operating Efficiency 4 Cost-to-AUM ratio improved by 30 bps YoY to 4.29%. Return Ratios
Slide 5: Executive Summary – Q1 FY27
Executive Summary – Q1 FY27 YoY QoQ Asset Under Management Disbursement1 Branches 11,922 809 256 +27% +6% - 3% +41 +5 Gross NPA Yield Spread Opex to AAUM 2.66% 17.90% 9.48% 4.29% -12 bps +5 bps -9 bps +29 bps +81 bps +39 bps -30 bps +36 bps PAT RoAAUM RoATE 130 4.53% 14.73% +29% +6% +3 bps -4 bps +1
Slide 6: Executive Summary
Executive Summary Team: Experienced, cycle-tested, professional 256 branches management with strong corporate governance 201 Cities backed by marquee investors 18 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 ₹4.6 lakh cr and growing at CAGR 23% Segment Market Size1 (₹ tn) CAGR2 (%) >₹0.3 cr 11.9 19.8% Focus ₹0.05– 0.3 cr 4.6 23.2% Segment <₹0.05 cr 0.7 23.5% Total 17.2 18.7% Source: CRIF Data; 1 As of Mar-26; 2 CAG
Slide 8: Our Journey
PAT crossed AUM crossed 125 cr in a INR 10,000 cr quarter Our Journey in Q3 FY26 CARE, ICRA Ratings Upgraded Equity Listing on NSE us to ‘AA-’ in Q2 11,922 and BSE. India FY25. ratings upgraded us 1,50,000 11,270 to ‘AA -’ Included in customers MSCI Global Small Cap Index 8,747 1,00,000 customers 15
Slide 9: Management
Management Experienced, cycle-tested, professional management Aseem Dhru Mahesh Dayani Sanket Agrawal Rajiv Thakker Executive Vice Chairman MD & CEO Chief Financial Officer Chief Risk Officer Ganesh Vaidya Sumeet Ghai Namrata Sajnani Agnivesh Kumar Akruti Mashkaria Chief Technology Officer Chief Hum
Slide 10: Board of Directors
Board of Directors Strong corporate governance backed by long term investors Neeraj Swaroop Koni Uttam Nayak Surekha Marandi Ex Senior Vice President, Ex Executive Director, Chairman of the Board Visa Direct Organization RBI Ex CEO – SCB, Singapore at Visa Independent Ravi Venkatraman Ex Executive D
Slide 11: Shareholding
Shareholding Shareholding Pattern Category of Shareholders % Share# 13.68% Promoter 20.71% Clermont Group 52.31% 52.31% Other Major Shareholders 6.08% 7.22% SBI Mutual Fund 8.10% Aditya Birla Sun Life 5.14% Amansa Capital 4.00% Promoters Foreign Portfolio Investors Malabar Funds 3.20% Foreign Compan
Slide 12: Business Momentum
Business Momentum Delivering Consistent AUM Growth YoY : 27% QoQ : 6% CAGR: 29% 11,270 11,922 11,270 21% 9,351 22% 8,747 21% 6,822 17% 17% 1% 15% 79% 78% 79% 83% 83% 84% Mar-24 Mar-25 Mar-26 Q1 FY 26 Q4 FY 26 Q1 FY 27 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: 20% YoY: - YoY: -11% QoQ: 4.5% QoQ: 3% QoQ: 1% 9,271 8,619 8,873 809 809 785 7,597 7,700 7,744 9.38 10.34 10.51 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 AUM Secured
Slide 14: Business Momentum – Co-origination
Business Momentum Co-origination – Validates our profitable origination Co-origination Disbursement (₹ Cr) Co-origination AUM (₹ Cr) %1 12% 16% 10% 20% 19% 19% 122 1,708 1,719 1,523 94 78 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 1Percentage is on Total Secured MSME Loans 13
Slide 15: Business Momentum – Well distributed growth
Business Momentum No concentration risk & well distributed growth Present in 18 states, 2 UTs covering 201 cities via 256 branches Driven by steady rise in AUM per branch # Branches 46 57 153 256 1 <12 months >12 & <36 months >36 months 1 1 4 66 67 16 70 ₹ Cr 3 62 12 39 18 60 16 2 50 11 6 21 5 40 30
Slide 16: Technology Landscape
Technology Landscape Lead Generation Customer Credit Underwriting Pre-Disbursal Loan Disbursal Loan Servicing Onboarding • Digital Form • AI enabled PD with • E-Nach • Digital Disbursal • Customer App • Feet on Street • EKYC customer • E-Sign IMPS/RTGS/NEFT • CRM Platform • Mobile App • PAN Verifica
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 89% AUM from customers with CIBIL >7001 Granular loan book with high quality collateral1 0/-1 6.7% 5.5% 5.2% 0.8% 0.6% 0.6% <650 4.7% 4.5% 5.6% 93% 42.7% > 650 & < 700 AUM secured by self occupied LTV residential / commercial pro
Slide 19: Credit Indicators
Credit Indicators Gross NPA %1 Net NPA %2 2.78% 1.57% 1.54% 1.55% 2.61% 2.66% Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 1+ DPD %3 PCR%4 9.18% 8.12% 8.44% 44.38% 41.64% 42.22% Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Note: 1. Gross NPA% (Stage 3%) as per IND AS (including EIR
Slide 20: ECL Provisions Summary
ECL Provisions Summary As on June 30, 2026 Stage 1 Stage 2 Stage 3 Total Gross Loans Outstanding 10,054 345 284 10,683 ECL Provision 28 56 120 204 Net Loans Outstanding 10,026 289 164 10,479 ECL Provision % 0.27% 16.28% 42.22% 1.91% As on March 31, 2026 Stage 1 Stage 2 Stage 3 Total Gross Loans Outs
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) 17.99% 17.90% 9.48% 11,270 11,922 9.09% 9,351 17.61% 8.67% Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Opex to AAUM Gross NPA RoAAUM Cost/Income 39.07% 34.41% 36.35% 13.53% 14.48% 14.73% RoATE
Slide 23: Sources of Borrowing
Sources of Borrowing Lenders to the Company Diversified Borrowing Mix – Q1 FY27 Public Sector Banks 5.2% 13.5% Private Sector 3.4% Banks 7.8% 56.6% Financial Institutions (FIs) 13.5% Foreign Banks Bank Rupee Loan ECB & FCNR Development NCD Securitisation Financial Co-origination DFI's & FI's Institu
Slide 24: ALM – June 2026
ALM – June 2026 Surplus 1,009 Upto 3 months 2,229 3,238 1,594 Upto 6 months 3,095 4,689 3,295 Upto 1 Year 2,853 6,148 7,405 Upto 3 Years 1,162 8,567 8,920 Upto 5 Years 2,191 11,111 Liablilities Asset All figures in ₹ Cr 23
Slide 25: SBFC – Q1 FY27 Performance
SBFC – Q1 FY27 Performance Size and Growth Distribution Granular Book Asset Quality Liability Profile Profitability 11,922 % 256 100% 2.66% 3,613 130 AUM GNPA PAT # Branches % Secured Tangible Net worth YoY +27% YoY -12 bps YoY +29% % 9,271 5,212 10.51* | 1.34* 1.55% CRAR 31.95% 4.53% Secured MSME A
Slide 26: Summary Financial Statements – Profit & Loss Statement for Q1 FY27
Summary Financial Statements – Profit & Loss Statement for Q1 FY27 Quarter Ended Growth (%) Particulars June March June Q-o-Q Y-o-Y 2026 2026 2025 Interest Income on Loans 454 414 350 9.5% 29.7% Interest Income other than on Loans 6 8 5 Fee & Other Income 32 32 34 Total Income 492 454 389 8.2% 26.5%
Slide 27: ROE Tree
ROE Tree Ratios Q1 FY27 Q4 FY26 Q1 FY26 FY26 FY25 Interest Income on Loans/ Average Loan Book 17.90% 17.61% 17.99% 17.84% 17.75% Fee & Other Income/ Average AUM 1.11% 1.18% 1.50% 1.27% 1.44% Borrowing Cost/ Average Borrowings 8.42% 8.52% 9.32% 8.85% 9.33% Spread 9.48% 9.09% 8.67% 8.99% 8.42% Net Int
Slide 28: Balance Sheet
Balance Sheet As On Particulars June March 2026 2026 Assets Cash and Bank Balances 1,664 646 Derivative Assets 49 80 Receivables 34 20 Loan Assets 10,479 9,805 Investments 431 192 Other financial assets 5 4 Current & Deferred tax assets (Net) 22 16 Property, Plant and Equipment etc. 318 316 Other no
Slide 29: Thank You!
THANK YOU! 28 PRIVATE & CONFIDENTIAL