AUM
₹1,042 crore
+37% YoY
Assets under management grew strongly, driven by 45% YoY disbursement growth.
SRGHOUSINGFINANCE
Financial Services
15 May 2026
SRG Housing Finance Ltd — Q4 FY26
SRG Housing Finance delivered a strong Q4 FY26 with PAT surging 50% YoY to ₹9 crore, driven by 33% NII growth and stable NIMs of 11.28%.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
SRG Housing Finance delivered a strong Q4 FY26 with PAT surging 50% YoY to ₹9 crore, driven by 33% NII growth and stable NIMs of 11.28%. AUM expanded 37% YoY to ₹1,042 crore, supported by 45% YoY disbursement growth to ₹443.54 crore. Asset quality improved with GNPA at 1.77% (down 7bps YoY) and NNPA at 0.65%. Operational efficiency gains are visible: AUM per branch rose 29% to ₹10.86 crore and cost-to-income ratio improved to 63.14%. Management guided for FY27 disbursements of ~₹600 crore and AUM of ₹1,300-1,400 crore, with expansion into Tamil Nadu and Telangana (10-15 new branches). Key risk: rapid geographic expansion into southern states may pressure asset quality and operational metrics if underwriting standards are not maintained.
Key Numbers
Disbursements
₹443.54 crore
+45% YoY
Full-year disbursements reflect healthy demand across operating geographies.
GNPA
1.77%
-7bps YoY
Gross non-performing assets improved, indicating stable asset quality.
AUM per branch
₹10.86 crore
+29% YoY
Productivity metric improved, reflecting operational leverage from branch expansion.
Management Guidance
FY27 disbursement target of ~₹600 crore
Management targets disbursements of approximately ₹600 crore for the current fiscal year, implying ~35% growth over FY26.
Management guidance growthAUM target of ₹1,300-1,400 crore by FY27 end
AUM is expected to reach ₹1,300-1,400 crore by March 2027, with an optimistic stretch target of ₹1,500 crore.
Management guidance growthExpansion into Tamil Nadu and Telangana with 10-15 new branches
Company plans to enter Tamil Nadu and Telangana by end of FY27, adding 10-15 branches in these states.
Management guidance expansionCost-to-income ratio to decline to 61% in 1-2 years
Management expects cost-to-income ratio to improve from current 63.14% to around 61% over the next 1-2 years.
Management guidance marginsKey Risks
Geographic expansion may pressure asset quality
Rapid entry into new states (Tamil Nadu, Telangana) could lead to higher delinquencies if underwriting standards are not maintained.
medium · analyst_questionRising ticket sizes and LTV may increase risk
Average ticket size rose 41% YoY and LTV increased from 46.6% to 50.7%, potentially exposing the book to higher losses in a downturn.
medium · data_observationHigh concentration in Rajasthan and Gujarat
77% of AUM is concentrated in Rajasthan and Gujarat, making the portfolio vulnerable to regional economic shocks.
medium · analyst_questionMacroeconomic uncertainty from West Asia crisis
Ongoing geopolitical tensions could indirectly impact self-employed borrowers, though management downplays the risk.
low · analyst_questionNotable Quotes
We are targeting of approximately 600 crores of disbursement for this year. So this is our target and that would lead to an AUM growth of around reach am of 1500 by then or it will be around 14 it will be around 1,300 to,400 crores.
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Frequently Asked Questions
What was SRG Housing Finance's revenue in Q4 FY26?
SRG Housing Finance reported revenue of — in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did SRG Housing Finance management give for FY27?
FY27 disbursement target of ~₹600 crore: Management targets disbursements of approximately ₹600 crore for the current fiscal year, implying ~35% growth over FY26. AUM target of ₹1,300-1,400 crore by FY27 end: AUM is expected to reach ₹1,300-1,400 crore by March 2027, with an optimistic stretch target of ₹1,500 crore. Expansion into Tamil Nadu and Telangana with 10-15 new branches: Company plans to enter Tamil Nadu and Telangana by end of FY27, adding 10-15 branches in these states. Cost-to-income ratio to decline to 61% in 1-2 years: Management expects cost-to-income ratio to improve from current 63.14% to around 61% over the next 1-2 years.
What are the key risks for SRG Housing Finance in FY27?
Key risks include Geographic expansion may pressure asset quality — Rapid entry into new states (Tamil Nadu, Telangana) could lead to higher delinquencies if underwriting standards are not maintained.; Rising ticket sizes and LTV may increase risk — Average ticket size rose 41% YoY and LTV increased from 46.6% to 50.7%, potentially exposing the book to higher losses in a downturn.; High concentration in Rajasthan and Gujarat — 77% of AUM is concentrated in Rajasthan and Gujarat, making the portfolio vulnerable to regional economic shocks.; Macroeconomic uncertainty from West Asia crisis — Ongoing geopolitical tensions could indirectly impact self-employed borrowers, though management downplays the risk..
Did SRG Housing Finance meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full SRG Housing Finance Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.