SRG Housing Finance Limited — Updates, 31-01-2025: Press Release

SRG Housing Finance Ltd. reported strong performance for the third quarter of FY25. Gross loan assets surged to Rs 707.47 Cr, marking a 29% year-over-year increase, while loan disbursements rose by 51% to Rs 90.95 Cr. Total income increased by nearly 25%, reaching Rs 40.25 Cr. However, the net interest margin decreased to 2.53% from 2.87% in the previous year due to increased operational costs associated with branch expansions in Maharashtra, Karnataka, and Andhra Pradesh.

The company is on track to achieve its target of Rs 750 Cr in assets under management (AUM) ahead of schedule, with an ambitious goal of Rs 1,000 Cr within the next 12-18 months. The capital adequacy ratio remains strong at 39.85%, bolstered by a recent fund-raising initiative aiming for Rs 50 Cr from a marquee investor.

With a diversified product mix, SRG's housing loans constitute 72% of total loans, while self-employed borrowers represent about 75% of the clientele. Current operations span across seven states, and the outlook remains positive as the company seeks to capitalize on its growth trajectory and broaden its market presence.