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SRGHFL - SRG Housing

📊 NSE: SRGHFL 🏢 Finance - Housing 📅 Last Updated: 12/14/2025 13:40

📢 Recent Corporate Announcements

SRG Housing Finance to Participate in Arihant Capital Virtual Conference on March 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 05:04 PM

SRG Housing Finance Limited (SRGHFL) has announced its participation in the Arihant Capital (Broking) Virtual Conference scheduled for March 11, 2026. The management will engage in group meetings from 2:00 PM to 3:00 PM to interact with analysts and institutional investors. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these sessions. This disclosure is made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Virtual conference scheduled for March 11, 2026, with Arihant Capital (Broking).
Group meeting format to be held between 2:00 PM and 3:00 PM.
Interaction aimed at analysts and institutional investors to discuss business outlook.
Company confirmed that no unpublished price sensitive information will be disclosed.
The schedule is subject to change based on unexpected exigencies.

💡 Investors should monitor for any investor presentations or transcripts released after the meet for insights into the company's growth trajectory. No immediate trading action is required as this is a routine investor engagement event.

SRG Housing Finance Q3 FY26 PAT Surges 43% YoY to ₹8.21 Cr; AUM Nears ₹1,000 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Feb 2026, 05:15 PM

SRG Housing Finance Limited (SRGHFL) reported a robust 43.03% YoY growth in Profit After Tax (PAT) to ₹8.21 crore for Q3 FY26. The company's Assets Under Management (AUM) grew by 33.42% YoY to ₹943.93 crore, driven by strong rural demand and network expansion to 95 branches. Asset quality showed improvement with Gross NPA declining to 1.83% from 1.98% in the previous year. The company maintains a very high Capital Adequacy Ratio of 38.99%, indicating significant room for future growth.

Net Profit (PAT) increased 43.03% YoY to ₹8.21 crore, while Total Income rose 27.33% to ₹51.25 crore.
Gross Loan Assets (AUM) reached ₹943.93 crore, representing a 33.42% YoY growth.
Gross NPA improved to 1.83% from 1.98% YoY; Net NPA remains stable at 0.68%.
Net Interest Income (NII) grew significantly by 40.87% YoY to ₹24.23 crore.
Book Value per share increased by 21.79% YoY to ₹183.31.

💡 Investors should view the strong AUM growth and improving asset quality as positive indicators for this rural-focused housing finance player. Monitor the company's ability to maintain spreads as it scales toward the ₹1,000 crore AUM milestone.

SRG Housing Q3FY26: AUM Hits ₹944 Cr, PAT Jumps 43% YoY to ₹8.21 Cr with Stable Asset Quality

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Feb 2026, 04:56 PM

SRG Housing Finance reported a robust Q3FY26 with AUM growing to ₹944 crore, up from ₹707 crore YoY. Profit After Tax (PAT) surged 43% YoY to ₹8.21 crore, supported by disbursements of ₹107.34 crore during the quarter. Asset quality remains healthy with Gross NPA at 1.83%, while the company maintains a high spread of 8.79%. The firm continues to dominate the rural housing niche, with 94% of its book in rural areas and 79% catering to non-salaried borrowers.

AUM reached ₹944 crore as of December 2025, showing strong growth from ₹759 crore in March 2025.
Quarterly PAT increased 43% YoY to ₹8.21 crore, while 9M FY26 PAT reached ₹23.24 crore.
Gross NPA improved to 1.83% from 1.98% YoY, maintaining sound asset quality in the rural segment.
Average ticket size for loans increased to ₹13.34 lakhs with an average LTV of 49.38%.
The company maintains a high spread of 8.79% and a Net Interest Margin (NIM) of 2.68% for Q3FY26.

💡 Investors may view this as a positive growth story in the affordable rural housing space given the strong AUM trajectory and high spreads. Monitor the slight uptick in Net NPA (0.68% vs 0.61% YoY) and the progress of geographical diversification into Maharashtra and Karnataka.

SRG Housing Finance Q3 FY26 PAT Surges 43% YoY to ₹8.21 Cr; AUM Nears ₹1,000 Cr Mark

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 06:42 PM

SRG Housing Finance reported a strong Q3 FY26 performance with Profit After Tax (PAT) growing 43% YoY to ₹8.21 crore. The Assets Under Management (AUM) reached ₹943.93 crore, marking a 33.4% YoY growth, driven by expansion in rural markets which account for nearly 94% of the portfolio. Asset quality improved with Gross NPA declining to 1.83%, while the company maintained a healthy capital adequacy ratio of 38.99%. The management highlighted a robust loan spread of 9.65% and a focus on self-employed borrowers in the housing segment.

Net Interest Income (NII) grew by 40.87% YoY to ₹24.23 crore, supported by improved NIMs of 2.68%.
Assets Under Management (AUM) increased to ₹943.93 crore, a 33.42% growth compared to ₹707.47 crore in Q3 FY25.
Asset quality remains stable with Gross NPA at 1.83% and Net NPA at 0.68%, despite rapid portfolio expansion.
Disbursements for the quarter rose 18.02% YoY to ₹107.34 crore with an average ticket size of ₹13 lakhs.
The company maintains a strong capital position with a Capital Adequacy Ratio of 38.99% and a loan spread of 9.65%.

💡 Investors should view the strong AUM growth and improving profitability as positive indicators of the company's rural housing focus. Monitor the sustainability of asset quality and loan spreads as the company scales toward its next growth phase.

SRG Housing Finance Q3 Net Profit Grows to ₹8.21 Cr; Issues Typo Correction

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 06 Feb 2026, 04:40 PM

SRG Housing Finance Limited (SRGHFL) has submitted revised financial results for the quarter ended December 31, 2025, to correct a typographical error where Profit Before Tax was mislabeled as Net Profit After Tax. The company reported a Net Profit After Tax of ₹8.21 Crores for Q3 FY26, a significant increase from ₹5.74 Crores in the same quarter last year. For the nine-month period ended December 31, 2025, the Net Profit reached ₹23.24 Crores compared to ₹18.20 Crores in the previous year. The management clarified that this administrative correction has no impact on the actual financial performance or reported profits.

Net Profit After Tax for Q3 FY26 rose to ₹8.21 Crores from ₹5.74 Crores YoY.
Nine-month (9M FY26) Net Profit grew to ₹23.24 Crores from ₹18.20 Crores in 9M FY25.
Company maintained a Net Worth of ₹287.8 Crores with a Debt-Equity ratio of 2.78.
Operating margin for the quarter stood at 39.54% with a Net Profit margin of 16.02%.
Allotted 14,150 equity shares to employees under the ESOP scheme at ₹200 per share.

💡 The typographical correction is purely procedural and does not alter the company's strong year-on-year growth trajectory. Investors should remain focused on the improving profitability and stable margins reported in the results.

SRG Housing Finance Q3 FY26 Net Profit Rises 43% YoY to ₹8.21 Crore

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Feb 2026, 03:25 PM

SRG Housing Finance reported a strong performance for the quarter ended December 31, 2025, with net profit increasing by 43% YoY to ₹8.21 crore. Total revenue from operations grew by 29.5% YoY to ₹50.45 crore, primarily driven by a significant rise in interest income. The company's net profit margin improved to 16.02% from 14.27% in the previous year's corresponding quarter. Net worth has strengthened to ₹287.8 crore, while the debt-equity ratio stands at 2.78.

Net Profit grew 43% year-on-year to ₹8.21 crore in Q3 FY26 compared to ₹5.74 crore in Q3 FY25.
Total Revenue from operations increased to ₹50.45 crore, up from ₹38.94 crore in the same period last year.
Earnings Per Share (EPS) for the quarter improved to ₹5.23 from ₹4.16 YoY.
Net Profit Margin expanded to 16.02% compared to 14.27% in the previous year.
The company maintained a healthy security cover of 110% for its listed debt obligations.

💡 The company demonstrates robust growth in both top-line and bottom-line with improving margins. Investors should continue to monitor asset quality and the impact of finance costs on future interest spreads.

SRG Housing Finance Shareholders Approve Re-appointment of Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Jan 2026, 05:57 PM

SRG Housing Finance Limited (SRGHFL) held an Extra-Ordinary General Meeting on January 19, 2026, to vote on the re-appointment of an Independent Director. The special resolution for the re-appointment of Mr. Sureshkumar Kanhaiyalal Porwal was passed with 100% of the votes cast in favor. A total of 3,893,226 votes were polled, representing approximately 24.81% of the company's total share capital. This result ensures management continuity and maintains the company's corporate governance structure.

Special resolution for the re-appointment of Mr. Sureshkumar Kanhaiyalal Porwal as Independent Director passed with 100% favor.
Total votes polled were 3,893,226 out of a total share base of 15,694,588 shares.
Promoter group accounted for 3,642,828 of the votes cast, while public non-institutions cast 250,398 votes.
The meeting was attended by 21 shareholders as of the record date of January 12, 2026.

💡 No immediate action is required as this is a routine management continuity matter. Investors should continue to monitor the company's quarterly financial performance and loan book growth.

SRG Housing Finance Re-appoints Sureshkumar Porwal as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 19 Jan 2026, 06:51 PM

SRG Housing Finance Limited held an Extraordinary General Meeting (EGM) on January 19, 2026, to seek shareholder approval for the re-appointment of Mr. Sureshkumar Kanhaiyalal Porwal as an Independent Director. Mr. Porwal, a Chartered Accountant with over 33 years of banking experience at State Bank of India, has been re-appointed for a second five-year term. The term is effective from December 1, 2025, to November 30, 2030. Managing Director Vinod Kumar Jain also shared insights on ongoing company developments during the meeting.

Re-appointment of Mr. Sureshkumar Kanhaiyalal Porwal as Independent Director for a second 5-year term
New term effective from December 1, 2025, through November 30, 2030
Mr. Porwal brings over 33 years of banking experience, including a tenure as Chief Manager at State Bank of India
The EGM was attended by 21 members and 3 directors, with voting results to be announced within 48 hours

💡 This is a routine governance matter ensuring continuity on the board; investors should focus on upcoming financial results to gauge the company's growth trajectory.

SRG Housing Finance Allots 7,250 Equity Shares Under ESOP 2023 Scheme

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 06:24 PM

SRG Housing Finance Limited has approved the allotment of 7,250 equity shares to employees following the exercise of options under its ESOS-2023 scheme. The shares were issued at an exercise price of Rs. 200 per share, which includes a premium of Rs. 190. This allotment has marginally increased the company's paid-up equity share capital to approximately Rs. 15.70 crore. The new shares will rank pari-passu with the existing equity shares of the company.

Allotment of 7,250 equity shares of face value Rs. 10 each under ESOS-2023.
Exercise price fixed at Rs. 200 per share, including a premium of Rs. 190.
Total paid-up equity capital increased from Rs. 15,69,45,880 to Rs. 15,70,18,380.
Total number of outstanding equity shares increased to 1,57,01,838.
Allotment approved by the Nomination and Remuneration Committee on January 13, 2026.

💡 This is a routine corporate action with negligible dilution of equity. No immediate action is required from investors.

SRG Housing Finance Receives 'BBB+; Positive' Rating for Rs 875 Crore Facilities

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 08 Jan 2026, 06:40 PM

Acuité Ratings & Research Limited has assigned and reaffirmed a 'BBB+; Positive' credit rating for SRG Housing Finance Limited's total facilities amounting to Rs 875 crore. The rating action includes a new assignment for Rs 500 crore in long-term bank facilities and reaffirmations for existing bank facilities of Rs 275 crore and NCDs of Rs 100 crore. The 'Positive' outlook indicates the potential for a future rating upgrade based on the company's financial performance. This rating stability is crucial for the housing finance company to maintain and potentially lower its cost of borrowing.

Acuité assigned a 'BBB+; Positive' rating to new long-term bank facilities worth Rs 500 crore
Reaffirmed 'BBB+; Positive' rating for existing bank facilities totaling Rs 275 crore
Reaffirmed 'BBB+; Positive' rating for Non-Convertible Debentures (NCD) worth Rs 100 crore
Total rated instruments by Acuité now stand at a significant Rs 875 crore
The 'Positive' outlook suggests a favorable credit trajectory for the company

💡 Investors should take the 'Positive' outlook as a sign of improving credit strength, which may lead to lower interest expenses. Monitor the company's leverage and asset quality as it utilizes the newly rated bank facilities for expansion.

SRG Housing Finance Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 03:00 PM

SRG Housing Finance Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that all securities received for dematerialization were processed within prescribed timelines. It verifies that physical certificates were mutilated and cancelled after due verification, with depository names substituted in the register of members. This is a standard administrative filing ensuring the integrity of the company's shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited
Confirms dematerialization requests were accepted or rejected within regulatory timelines
Verification and cancellation of physical security certificates completed as per SEBI norms
Confirms that securities are listed on the stock exchanges where earlier securities were listed

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's quarterly financial performance for fundamental insights.

SRG Housing Finance to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Dec 2025, 03:13 PM

SRG Housing Finance Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the announcement of the unaudited financial results for the quarter ended December 31, 2025. The window will remain closed for all designated persons, including promoters and directors, until 48 hours after the results are declared. This is a standard regulatory procedure for listed companies in India.

Trading window closure effective from January 1, 2026.
Closure pertains to the announcement of Q3 FY26 financial results.
Restriction applies to all designated persons, promoters, and key managerial personnel.
Window will reopen 48 hours after the financial results are officially announced.

💡 This is a routine regulatory announcement with no direct impact on stock valuation. Investors should monitor the upcoming Q3 results for actual performance indicators.

SRG Housing Finance Reaffirmed CARE BBB; Stable Rating for ₹500 Cr Bank Facilities

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 23 Dec 2025, 11:51 AM

SRG Housing Finance Limited (SRGHFL) has received a credit rating reaffirmation from CARE Ratings Limited for its long-term bank facilities. The rating for the ₹500.00 crore facilities remains at 'CARE BBB' with a 'Stable' outlook, indicating no change in the company's creditworthiness. For a housing finance company, maintaining a stable credit rating is essential for managing borrowing costs and ensuring liquidity. This announcement confirms that the company's credit profile remains consistent with previous assessments.

CARE Ratings reaffirmed the 'CARE BBB' rating for long-term bank facilities.
The total facility amount covered under this rating is ₹500.00 crore.
The outlook for the rating has been maintained as 'Stable'.
The reaffirmation indicates a moderate degree of safety regarding timely servicing of financial obligations.

💡 Investors should view this as a status quo event that confirms financial stability; no immediate portfolio changes are required based on this reaffirmation.

SRG Housing Finance to Hold EGM on Jan 19 for Independent Director Re-appointment

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 18 Dec 2025, 06:28 PM

SRG Housing Finance has convened an Extraordinary General Meeting (EGM) on January 19, 2026, to seek shareholder approval for the re-appointment of Mr. Sureshkumar Kanhaiyalal Porwal as an Independent Director. The proposed second term is for five consecutive years, effective from December 1, 2025, to November 30, 2030. The company disclosed that the initial board approval on November 28, 2025, was not reported to exchanges on time due to an internal oversight. Shareholders registered as of the cut-off date of January 12, 2026, will be eligible to vote on this special resolution.

EGM scheduled for January 19, 2026, to approve the re-appointment of an Independent Director via special resolution.
Proposed 5-year term for Mr. Sureshkumar Kanhaiyalal Porwal runs from December 1, 2025, to November 30, 2030.
Company admitted to a delay in regulatory filing regarding the November 28 board meeting due to internal oversight.
Remote e-voting period is set from January 16, 2026 (9:00 AM) to January 18, 2026 (5:00 PM).
The cut-off date for determining shareholder voting eligibility is January 12, 2026.

💡 Investors should note the routine nature of this management re-appointment and may participate in the voting process by the January 12 cut-off date. The minor disclosure delay is a compliance lapse but does not currently signal a material impact on operations.

View All SRGHFL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total Income grew by 22% YoY, reaching INR 154.54 Cr in FY25 compared to INR 126.66 Cr in FY24. Growth is driven by a 26.2% increase in Assets Under Management (AUM) which reached INR 759.36 Cr. The portfolio is primarily split between Housing Loans and Loan Against Property (LAP).

Geographic Revenue Split

The loan portfolio is concentrated in Rajasthan at 44.47%, followed by Gujarat at 39.12%, Madhya Pradesh at 8.73%, Maharashtra at 5.81%, Karnataka at 1.09%, and Andhra Pradesh at 0.78%.

Profitability Margins

Profit After Tax (PAT) increased by 15.8% to INR 24.39 Cr in FY25 from INR 21.06 Cr in FY24. Net Profit Margin moderated slightly to 15.78% in FY25 from 16.63% in FY24 due to higher operating costs from branch expansion.

EBITDA Margin

Operating Profit Margin stood at 59.83% in FY25, a slight decrease from 61.25% in FY24. Profit Before Tax (PBT) grew 15.1% to INR 30.05 Cr, while Net Interest Margin (NIM) compressed to 10.97% from 11.72% YoY.

Capital Expenditure

Not applicable for HFC; however, the company raised INR 80 Cr through preferential issues and warrant conversions in FY25 to fund loan book expansion. Networth increased 65.31% to INR 263.95 Cr.

Credit Rating & Borrowing

Assigned 'ACUITE BBB+' rating with a 'Positive' outlook. Total outstanding debt as of March 31, 2025, was INR 584.33 Cr, sourced from a diversified profile of Banks, NBFCs, and NCDs.

⚙️ Operational Drivers

Raw Materials

Capital/Debt (Cost of Funds) represents the primary input cost, with interest expense being the largest component of the INR 124.49 Cr total expenditure in FY25.

Import Sources

Not applicable as the company sources debt capital from domestic Indian financial institutions and capital markets.

Key Suppliers

Lenders include Shriram Housing Finance, STCI Finance, Poonawalla Fincorp, and Kotak Mahindra Bank.

Capacity Expansion

Branch network expanded by 7.1% from 84 branches in FY24 to 90 branches in FY25. The company aims to deepen penetration in the 6 states where it currently operates.

Raw Material Costs

Interest Coverage Ratio stood at 1.48 in FY25 compared to 1.51 in FY24, indicating a slight increase in the relative cost of debt servicing against earnings.

Manufacturing Efficiency

Operating Expense to Average Assets improved to 7.77% in FY25 from 8.08% in FY24, reflecting better scale efficiencies despite branch additions.

Logistics & Distribution

Distribution is handled through 90 physical branches; Opex to Average Assets of 7.90% reflects the cost of this physical distribution model.

📈 Strategic Growth

Expected Growth Rate

26.20%

Growth Strategy

Growth will be achieved by expanding the branch network (90 current) into underserved rural markets (90% of current portfolio) and leveraging the recent INR 80 Cr capital infusion to scale the AUM beyond the current INR 759.36 Cr.

Products & Services

Individual Housing Loans for construction, purchase, and renovation, and Loan Against Property (LAP) primarily for self-employed borrowers in Tier II and Tier III cities.

Brand Portfolio

SRG Housing Finance Limited (SRGHFL).

New Products/Services

Digital transformation initiatives and fintech partnerships are being explored to improve efficiency in loan processing and customer acquisition.

Market Expansion

Expansion beyond the core Rajasthan market (44.47% of book) into Maharashtra, Karnataka, and Andhra Pradesh to reduce geographic concentration.

Market Share & Ranking

Small-scale niche player in the rural housing finance segment; specific market share percentage not disclosed.

Strategic Alliances

Maintains relationships with multiple banks and NBFCs for co-lending and credit facilities; no specific JV partners named.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward digital lending and increased competition from banks in rural Tier II/III markets. SRGHFL is positioning itself by maintaining a low LTV (44.29%) and high CAR (47.75%).

Competitive Landscape

Faces competition from larger HFCs and commercial banks entering rural markets, putting pressure on NIMs which fell 75 bps YoY.

Competitive Moat

Moat is based on an established presence in Rajasthan since 2002 and expertise in underwriting self-employed rural borrowers with an average ticket size of INR 6-8 lakhs. Sustainability is supported by a healthy CAR of 47.75%.

Macro Economic Sensitivity

Highly sensitive to rural economic health and interest rate cycles; 90% of the portfolio is in rural areas where cash flows depend on local economic activity.

Consumer Behavior

Societal norms in rural areas encourage low default rates to maintain social standing, contributing to a low Net NPA of 0.61%.

Geopolitical Risks

Minimal direct impact; however, macroeconomic downturns affecting Indian interest rates would impact borrowing costs.

⚖️ Regulatory & Governance

Industry Regulations

Adheres to NHB and RBI guidelines, including the Fair Practices Code and a cap on LAP at 30% of the total loan book.

Environmental Compliance

Not a material factor for HFC operations; company focuses on CSR and community development.

Taxation Policy Impact

Effective tax expense was INR 5.66 Cr in FY25 on a PBT of INR 30.05 Cr (approx 18.8%).

⚠️ Risk Analysis

Key Uncertainties

Geographic concentration in Rajasthan (44.47%) and Gujarat (39.12%) poses a risk if regional economic downturns occur, potentially impacting asset quality.