SBFC Finance pursues profitable growth, posts 95% growth in PBT at Rs.115crs. Core Book grows at 37%, AUM at Rs. 3230crs in the third year of operations.
Monday, June 14, 2021: SBFC Finance, a new age MSME focused NBFC records a third straight profitable year by logging in stupendous growth in all its operating metrics.The company continues to invest in core states and grow deeper to reach out to the self employed in Tier 2 and Tier 3 towns.
Since inception in 2017, SBFC has been focusing on catering to small businesses to nurture the entrepreneurial ecosystem in India, has emerged as the only National Player in the Industry with 17 states through 125 branches with over ~ 76% of its network in Tier 2/3 locations.
In an extremely challenging environment caused by the pandemic, SBFC has grown its core loan book by 37% to Rs. 2270 Cr and a PAT of Rs. 115 Cr in FY20-21, a rise of 95% from Rs. 59 Cr in FY19-20. The profits are after providing for an equal amount to its NPAs and cushioning for any possible increase in delinquencies in FY22.
The company has an active customer count of 58,000, a 45 % increase over FY20. It also disbursed 434crs in Q4, a growth of 125% on YOY basis.
Commenting on this development, Mr. Aseem Dhru, Founder and CEO, SBFC Finance said, “Building on our three core values of Innovation, Integrity and Excellence. We are looking at a compounded growth of 30% for next 3 years. We currently disburse more than Rs.150 crores on a monthly basis and are on track to achieve our vision of being India’s most trusted financial institution for entrepreneurs and MSMEs. Our prudent strategies and focus on driving profitable growth have helped strengthen our profitability quotient. From growth capital to overall profitability and asset quality, we have sustained healthy financials”.
Key Highlights
• SBFC Finance doubles its Profit to Rs 115 cr and AUM at Rs. 3230 cr
• SBFC Finance records third straight profitable year
• Emerges as the only MSME focused NBFC with Pan India Presence in 17 states through 125 branches ~ 76% network in Tier 2/3 locations
• Increases branch network and employee headcount by 30% in FY21
