SRG Housing Finance Limited submitted its Q1-FY27 earnings presentation to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The presentation covers the Un-Audited Financial Results for the Quarter ended June 30, 2026, with financial figures presented in Million INR for global comparability.

Key Performance Indicators (Q1-FY27 vs Q1-FY26 vs Q4-FY26):

  • Assets Under Management (AUM): ₹10,764 Mn, up 35.3% YoY and 3.3% QoQ
  • Disbursements: ₹672 Mn, down 16.0% YoY and 51.9% QoQ
  • New Approvals: ₹585 Mn, down 28.0% YoY and 65.8% QoQ
  • Net Interest Income (NII): ₹270 Mn, up 32.4% YoY and down 3.6% QoQ
  • Profit After Tax (PAT): ₹85 Mn, up 25.0% YoY and down 8.6% QoQ
  • Gross Yield: 19.23%, down 263 bps YoY and 117 bps QoQ
  • Cost of Borrowing: 10.77%, down 26 bps YoY and 11 bps QoQ
  • Net Interest Margin (NIM): 10.21%, down 27 bps YoY and 107 bps QoQ
  • Opex Ratio: 6.69%, down 241 bps YoY and 99 bps QoQ
  • Gross NPA: 1.73%, down 12 bps YoY and 4 bps QoQ
  • Net NPA: 0.63%, up 1 bp YoY and down 2 bps QoQ
  • Leverage Ratio: 2.92x
  • Diluted EPS: ₹5.39, up 24.8% YoY and down 8.5% QoQ

Income Statement Highlights (Q1-FY27):

  • Interest Income: ₹509 Mn
  • Finance Cost: ₹239 Mn
  • Net Interest Income: ₹270 Mn
  • Fee & Other Income: ₹31 Mn
  • Total Net Income: ₹301 Mn
  • Operating Expenses: ₹201 Mn
  • Profit Before Tax: ₹100 Mn
  • Tax: ₹15 Mn
  • Profit for the Period: ₹85 Mn

Company Overview:

  • Established in 1999, among early NHB-registered HFCs in Rajasthan
  • Focuses on underserved rural and semi-urban borrowers
  • Offers affordable housing products including home purchase, self-construction, renovation, extension and LAP loans
  • Operates through 96 branches across 6 states and 1 UT
  • Serves 25,000+ customers through 1,000+ employees
  • Supported by 38 lenders including SBI, HDFC Bank and LIC Housing Finance
  • 97% collections routed through automated banking channels
  • 88% sourcing through field-based relationship managers
  • 94% rural loan book with deep penetration in Tier 3/4 & semi-urban markets
  • 79% self-employed customers
  • 95%+ women co-borrowers

Geographical Presence:

  • Gujarat: 25 branches
  • Rajasthan: 35 branches
  • Maharashtra: 13 branches
  • Madhya Pradesh: 13 branches
  • Karnataka: 6 branches
  • Andhra Pradesh: 3 branches
  • Delhi: 1 branch

Asset Quality (as of June 30, 2026):

  • Gross Assets: ₹10,764 Mn
  • Stage 1: ₹9,983 Mn (92.74% of GA)
  • Stage 2: ₹595 Mn (5.53% of GA)
  • Stage 3: ₹186 Mn (1.73% of GA)
  • Total Provisions: ₹152 Mn (1.41% of GA)
  • Net Assets: ₹10,612 Mn

Portfolio Diversification:

  • By Geography:
  • Gujarat: ₹4,394 Mn (40.82% of AUM), GNPA 1.37%
  • Rajasthan: ₹3,891 Mn (36.15% of AUM), GNPA 2.72%
  • Maharashtra: ₹1,172 Mn (10.89% of AUM), GNPA 0.18%
  • Madhya Pradesh: ₹601 Mn (5.58% of AUM), GNPA 2.55%
  • Andhra Pradesh: ₹350 Mn (3.25% of AUM), GNPA 0.00%
  • Karnataka: ₹356 Mn (3.31% of AUM), GNPA 0.00%
  • By Customer Profile:
  • Self Employed: ₹8,009 Mn (74.40% of AUM), GNPA 1.81%
  • Salaried: ₹2,756 Mn (25.60% of AUM), GNPA 1.49%

Liquidity Position (as of June 30, 2026):

  • Cash and Bank Balance: ₹66 Mn (excluding FDR of ₹114 Mn pledged with lenders)
  • Investment in Bonds, Mutual Fund, Shares and FD: ₹824 Mn
  • Unutilized CC and OD Limit: ₹35 Mn
  • Total Liquidity: ₹925 Mn

Historical Financial Performance:

| Particulars (INR Mn) | FY24 | FY25 | FY26 | Q1-FY27 |

| Interest Income | 1,095| 1,371| 1,759| 509 |

| Less: Finance Cost | 508 | 620 | 777 | 239 |

| Net Interest Income | 587 | 751 | 982 | 270 |

| Fee & Other Income | 172 | 174 | 238 | 31 |

| Total Net Income | 759 | 925 | 1,220| 301 |

| Operating Expenses | 498 | 624 | 819 | 201 |

| Profit Before Tax | 261 | 301 | 401 | 100 |

| Less: Tax | 50 | 57 | 76 | 15 |

| Profit for the Period| 211 | 244 | 325 | 85 |

| Diluted EPS (INR) | 15.60| 17.44| 20.69| 5.39 |

Key Differentiators:

  • Deep rural penetration with hub-and-spoke branch model
  • Low risk business model with small-ticket secured loans and low LTV (<50%)
  • Fast turnaround time with quick sanctions and disbursements
  • Technology-led operations under SRG SRAJAN program
  • Strong collection infrastructure with automated collections
  • Diversified funding relationships with 36 lender relationships
  • Experienced management team