SBFC Finance Q4 FY26: Growth, efficiency gains, and a cautious macro lens

AUM was INR 11,270 crore as of Q4 FY26, up 29% YoY and 8% QoQ (investor presentation).

PAT was INR 123 crore for Q4 FY26 and INR 451 crore for FY26 (investor presentation).

As of March 2026, secured MSME AUM was INR 8,873 crore (79% of AUM) and loan against gold AUM was INR 2,374 crore (21% of AUM) (presentation and concall).

Gross NPA was 2.61% and Net NPA was 1.54% in Q4 FY26; PCR was 41.64% (investor presentation).

Management reiterated 5% to 7% quarterly growth guidance and said it expects to stabilize at 275 branches during FY27 (concall).

Management expects spreads to remain around current levels, opex to decline by 20 to 25 bps through the year, and credit costs to remain range-bound with marginal variance (concall).