SBFC Finance Limited — Investor Meet, 05-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SBFC Finance delivered strong Q4 FY26 results: AUM reached INR 11,270 Cr (+29% YoY), PAT INR 123 Cr (+30% YoY). Spreads improved to 9.09% (up 56bps YoY), with opex reducing 69bps and GNPA dipping to 2.61%. Management is cautiously optimistic, targeting 5-7% quarterly AUM growth, aiming for 275 branches. The portfolio mix is expected to stabilize at 75% MSME and 25% gold. Capital adequacy is robust at 32.8%, providing a runway for 2 years of growth. The focus remains on operational efficiency and a direct sourcing model, with credit costs expected to be range-bound amid macro uncertainties.