The company’s top management rejig is something that is weighing on sentiment. Aseem Dhru, the current MD & CEO, will now be elevated as non-executive Vice Chairman from April 1, 2026.
Instead, Mahesh Dayani, will be elevated from Executive Director to the new MD & CEO. Dayani has been a founding member of SBFC Finance.
On the earnings front, the company reported a strong quarter with a 34% growth in its net profit to ₹118 crore from ₹88 crore during the same quarter last year.
Assets Under Management (AUM) at the end of the quarter grew by 29% from last year to ₹10,478 crore from ₹8,148 crore earlier.
Operating expenses as a percentage of its AUM also fell to 3.93% from 4.4% in the previous quarter, while credit costs remained stable on a sequential basis.
A combination of lower opex and stable credit costs meant that the company’s Return on Assets (RoA) grew to 4.67% from 4.56% sequentially.
Shares of SBFC Finance are trading 11.6% lower on Tuesday at ₹90. The stock had listed in August 2023 at a price of ₹82 per share, well above the issue price of ₹57 apiece. The stock is declining from its recent 52-week high of ₹123.
