The shares of this small cap NBFC, engaged in providing secured MSME loans and gold loans came into focus on Thursday after the promoter sold over 1.25 percent stake in the company for Rs 112 crore.
Stock Performance
With a market capitalization of Rs 9,090.90 crore, SBFC Finance Ltd fell over 1 percent and made an intraday low of Rs 83.61 per share compared to its previous closing price of Rs 84.52 per share. The shares reiterated from the day’s low and were trading at Rs 83 which is a slight decrease compared to the previous close.
What Happened
Promoter SBFC Holdings Pte. Ltd. sold over 1 crore equity shares that represent a 1.25 percent stake in the company on March 19. These shares were sold at an average of Rs 82 each share, amounting to a total transaction value of Rs 112 crore.
Company Overview
SBFC Finance is a Non Banking Finance Company that is focused on providing secured MSME and gold loans with a pan-India presence. The company offers secured MSME loans to small businesses with a focus on Rs 5 lakh to Rs 30 lakh ticket size.
As of Q3 FY25, the company has 197 branches with over Rs 8,000 crore Assets Under Management. Majority of their customers include self-employed individuals, salaried employees, working professionals and small businesses.
Financial Performance
Looking at the financials, SBFC Finance reported a healthy 26 percent increase in its revenue from Rs 264 crore in Q3 FY24 to Rs 333 crore in Q3 FY25. This was accompanied by a 38 percent increase in net profits from Rs 64 crore to Rs 88 crore during the same period.
Written by Shwetha Sairam
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