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Earnings Call Transcript

SRG Housing Finance Earnings Call Transcript: Key Takeaways

Management is in damage-control mode following an Economic Times article alleging a ₹400 Cr fund diversion. They deny all allegations while confirming NHB has 'Red Flagged' their account.

Highlights
Revenue growthNot specified; focus was on NHB audit and fund diversion denials.
Management confidenceDefensive and over-optimistic regarding the resolution of forensic audit findings.

Growth

Profit grew 25% YoY this quarter, but management has intentionally slowed fresh disbursements.

Outlook

Management expects to resolve the NHB audit within 2 weeks and resume growth.

Risks

The NHB Red Flag status and ongoing forensic audit pose severe liquidity and reputation risks.

Last quarter's promises, checked

Delivered

  • AUM Guide INR 1,000 Cr → Delivered INR 1,042 Cr (= BEAT)
  • NIM Guide 11% → Delivered 11.28% (= BEAT)
  • Credit Rating Guide (Upgrade) → Delivered Acuité A- Stable (= BEAT)

Partly delivered

  • Asset Quality (GNPA Improvement) → Improved to 1.77% but 'Red Flagged' by NHB (= PARTIAL)

Missed

  • Growth Strategy (Business Expansion) → Intentional slowdown in disbursements (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: SRGHFL. Summary written with AI assistance from the document.

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SRG Housing Finance Ltd: key numbers

Share price
₹146.80
Market cap
₹230.6 Cr
Revenue (annual)
₹199.3 Cr
Net profit (annual)
₹32.49 Cr
P/E (TTM)
6.8×Sector 22.0×
Promoter holding
59.02%-0.01% QoQ
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from SRG Housing Finance Ltd

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16:34 IST BSE
Debt & Borrowing

SRG Housing Finance Debt & Borrowing: ₹0.39 Cr

SRG Housing Finance completed a partial redemption of non-convertible debentures on September 24, 2026, paying Rs.0.39 Crore to debenture holders.

Value
₹0.39 Cr
16:33 IST BSE
Debt & Borrowing

SRG Housing Finance Debt & Borrowing: ₹0.2 Cr

SRG Housing Finance Limited has made the scheduled interest payment of Rs. 0.20 Crore for its non-convertible debentures on the due date.

Value
₹0.20 Cr
16:31 IST BSE
Debt & Borrowing

SRG Housing Finance Debt & Borrowing: ₹0.59 Cr

SRG Housing Finance serviced its NCDs (INE559N07066) by making an interest payment and partial principal redemption totaling approximately ₹0.59 Crore.

Value
₹0.59 Cr
12:17 IST BSE
Promoter Buying

SRG Housing Finance Promoter Buying: ₹1.98 Cr

Promoter Vinod Kumar Jain and Archis Jain acquired equity shares via market purchases worth Rs. 1.98 Crore across multiple transactions on 15-16 September 2026.

Value
₹1.98 Cr
Promoter stake change
+0.69%
18:03 IST BSE
Promoter Buying

SRG Housing Finance Promoter Buying

Promoter Vinod Kumar Jain acquired 70,000 equity shares of SRG Housing Finance Limited through an open market purchase. This increases his stake in the company.

Promoter stake change
+0.44%
12:37 IST NSE
Credit Rating

SRG Housing Finance Credit Rating

Acuité reaffirmed SRG Housing Finance's A- rating (Stable) on ₹1,299 Crore debt. A Rating Watch with Developing Implications was attached.