SBFC Finance Ltd Share Price – NSE  /  BSE

Finance, Small Cap

SBFC Finance has allotted 20,000 Secured, Rated, Listed, Redeemable NCDs, of face value of Rs. 1,00,000/- each at an issue price of Rs. 1,00,000/- each aggregating to Rs.200 crore on private placement basis.

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JM Financial Ltd, Gillette India Ltd, Chemplast Sanmar Ltd, Kalpataru Projects International Ltd are among the other stocks to see a surge in volumes on NSE today, 30 April 2024.

SBFC Finance Ltd recorded volume of 737.24 lakh shares by 14:14 IST on NSE, a 33.78 times surge over two-week average daily volume of 21.82 lakh shares. The stock lost 3.71% to Rs.88.25. Volumes stood at 66.23 lakh shares in the last session.

JM Financial Ltd clocked volume of 254.87 lakh shares by 14:14 IST on NSE, a 10.94 times surge over two-week average daily volume of 23.29 lakh shares. The stock gained 9.02% to Rs.88.85. Volumes stood at 22.09 lakh shares in the last session.

Gillette India Ltd recorded volume of 2.21 lakh shares by 14:14 IST on NSE, a 10.6 times surge over two-week average daily volume of 20804 shares. The stock gained 9.96% to Rs.6,825.25. Volumes stood at 35680 shares in the last session.

Chemplast Sanmar Ltd clocked volume of 5.08 lakh shares by 14:14 IST on NSE, a 8.22 times surge over two-week average daily volume of 61816 shares. The stock gained 5.06% to Rs.507.95. Volumes stood at 73070 shares in the last session.

Kalpataru Projects International Ltd registered volume of 19.14 lakh shares by 14:14 IST on NSE, a 7.89 fold spurt over two-week average daily volume of 2.43 lakh shares. The stock rose 5.51% to Rs.1,235.00. Volumes stood at 1.81 lakh shares in the last session.

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Total income increased 33.9% to Rs 280 crore in the quarter ended 31 March 2024 as compared with Rs 209 crore in the quarter ended 31 March 2023.

Pre-provisioning operating profit (PPOP) stood at Rs 111 crore, up 69.1% YoY.

Asset under management (AUM) jumped 38% YoY to Rs 6,822 crore in Q4 FY24 as compared with Rs 4,943 crore in Q4 FY23.

Gross NPA was 2.43% as on 31 March 2024 as against 2.38% as on 31 December 2023 and 2.57% as on 31 March 2023.

Net NPA stood at 1.36% as on 31 March 2024 as compared with 1.36% as on 31 December 2023 and 1.58% as on 31 March 2023.

Collection efficiency for the quarter ended 31 March 2024 was 1.36% as against 97.8% in the quarter ended 31 March 2023.

The company has made a total ECL provision of Rs 110 crore as on 31 March 2024 as compared with ECL provision of Rs 102 crore in the quarter ended 31 March 2023.

On full year basis, the company’s net profit jumped 58.23% to Rs 237.02 crore in FY24 as compared with Rs 149.79 crore in FY23. Total income increased 37.75% to Rs 1,019.82 crore in FY24 as compared with Rs 740.36 crore in FY23.

SBFC Finance specialises in secured MSME loans, loans against gold, affordable home loans and loan management. Since inception, SBFC has grown to 183 branches and more than 3,758 employees across 16 states and 2 union territories.

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SBFC Finance announced that the Annual General Meeting (AGM) of the company will be held on 28 June 2024.

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