SBFC Finance reported strong Q1 FY26 results with Profit After Tax at INR 101 Cr (up 28% YoY) & AUM at INR 9,351 Cr (up 30% YoY). Asset Quality saw 1+ DPDs inching up, prompting a cautious outlook. Management highlighted stress in smaller ticket-size loans due to political events and reduced liquidity velocity, leading to a 10% increase in rejection rates. They will increase credit costs by 15-20 bps. SBFC aims for 5-7% QoQ AUM growth, improving ROE to 15%. They're focused on balance sheet protection and expanding gold loan branches for yield enhancement. Management remains confident, navigating market realities with tightened filters.