SBFC Finance Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported revenue was INR 3,145.08 million compared to INR 2,465.08 million a year ago. Net income was INR 841.62 million compared to INR 526.05 million a year ago. Basic earnings per share from continuing operations was INR 0.78 compared to INR 0.52 a year ago. Diluted earnings per share from continuing operations was INR 0.77 compared to INR 0.51 a year ago.
For the six months, revenue was INR 6,122.77 million compared to INR 4,764.38 million a year ago. Net income was INR 1,630.69 million compared to INR 995.7 million a year ago. Basic earnings per share from continuing operations was INR 1.52 compared to INR 1.04 a year ago. Diluted earnings per share from continuing operations was INR 1.49 compared to INR 1 a year ago.
SBFC Finance Limited is a non-banking finance company. The Company provides secured micro-small and medium enterprises (MSME) loans and loans against gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working-class individuals. It has developed a PhyGital model. By combining digital technology with personal relationships, it builds bonds with its customers and offers support. It also offers a suite of specialist loan management services, helping institutional lenders to manage all aspects of loan servicing including client relations, collections, payments, porting, and data storage. In addition to providing loans direct to customers, it offers specialist change (LMS) to third party financial institutions. It handles the porting of repayment modes (NACH/ECS) and can transfer equated monthly instalments between accounts. It provides support to clients, including phone calls, short message services, and others.
