Latest news with #SBFCFinance
Mint
03-06-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 3 June 2025
Breakout stocks buy or sell: Indian benchmark indices experienced significant volatility during trading on Monday, June 2. Despite a weak start, buying activity by bulls helped stocks rebound from early losses, allowing the markets to end the day with only slight declines. The Nifty 50 pared losses to close down by just 0.14% at 24,716, recovering 189 points from its intraday low. Similarly, the Sensex trimmed its early losses and ended the session marginally lower by 77 points, or 0.09%, at 81,373. Sumeet Bagadia, Executive Director at Choice Broking, believes that despite strong selling during early morning deals on Monday, the key Indian benchmark indices pares the kisses and ended flat, keeping the overall Indian stock market sentiment positive. Speaking on the outlook of Indian stock market, Bagadia said, ' The Nifty 50 index is trading above 24,500 and facing resistance at 25,000. On breaking above 25,000, the 50-stock index may soon touch 25,400. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — Jubilant Ingrevia, IDBI Bank, SBFC Finance, JM Financial, and City Union Bank. 1] Jubilant Ingrevia: Buy at ₹ 734.05, target ₹ 786, stop loss ₹ 708; 2] IDBI Bank: Buy at ₹ 101.27, target ₹ 110, stop loss ₹ 97; 3] SBFC Finance: Buy at ₹ 114.48, target ₹ 123, stop loss ₹ 110; 4] JM Financial: Buy at ₹ 133.73, target ₹ 143, stop loss ₹ 129; 5] City Union Bank: Buy at ₹ 198.64, target ₹ 213, stop loss ₹ 192. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Business Standard
13-05-2025
- Business
- Business Standard
India Ratings affirms ratings of SBFC Finance at 'AA-' with 'stable' outlook
SBFC Finance said that India Ratings and Research has affirmed its rating on the company's debt instruments at 'IND AA-' with 'stable' outlook. India Ratings and Research stated that the affirmation reflects its expectation that SBFC would continue to grow its franchise over the medium term, driving operating leverage benefits, maintaining its focus on its two key secured products and maintaining profitability and capital buffers. The ratings continue to be supported by the companys experienced management profile, demonstrating better governance and institutionalised approach, its pan-India presence, with less concentrated geographical presence, and stable asset quality performance. The companys ability to maintain stable asset quality with seasoning of the portfolio and its ability to diversify funding across various instruments with scaling of the franchise, remain rating monitorables. The credit rating agency further said that an expansion of the franchise comparable to similar rated peers along with a continuous demonstration of ability to manage asset quality through the cycle and profitability buffers will be positive for the ratings. Strong access to funding from diversified sources while maintaining superior liquidity, all on a sustained basis, could also lead to a positive rating action. However, events that could lead to a negative rating action include any substantial decline in the operating profit buffers, weakened liquidity profile, increased leverage and perceptible changes in business owing to managerial instability or deterioration in business environment in a meaningful way. SBFC is a non-deposit taking systemically important non-banking financial company registered with the Reserve Bank of India and is classified under mid-layer. It started operations in September 2017 after purchasing the secured retail portfolio from Karvy Financial Services, along with its branch infrastructure and staff. The company mainly provides secured MSME loans, LAP, and LAG. At end-March 2025, the entity had 205 branches spread across 16 states and two union territories. The scrip shed 0.35% to currently trade at Rs 100.40 on the BSE.
Time of India
01-05-2025
- Business
- Time of India
SBFC Finance risk officer, chief of operations step down
MUMBAI: Two key management persons - chief risk officer and chief operations officer - have resigned from SBFC Finance Company for personal reasons, the company informed exchanges. #Pahalgam Terrorist Attack Nuclear Power! How India and Pakistan's arsenals stack up Does America have a plan to capture Pakistan's nuclear weapons? Airspace blockade: India plots a flight path to skip Pakistan Pankaj Poddar , chief risk officer, tendered his resignation with immediate effect on April 30. VM Maneesh , chief operations officer, too resigned and his last working day would be May 15. Both the executives have said that they are resigning for personal reasons. The resignation of the two key executives have surprised the banking circle since it comes in less than a week of the board meeting to consider the annual results. SBFC Finance, which has a market cap of Rs 11,071 crore, has posted a 46% rise in net profit on year to Rs 345 crore in FY25. The finance company specialises in giving secured loans with ticket size of Rs 5 lakh to Rs 30 lakh to small and medium sized companies. Live Events The bank has 205 branches and asset under management of Rs 8,747 crore.
Business Standard
26-04-2025
- Business
- Business Standard
SBFC Finance consolidated net profit rises 27.51% in the March 2025 quarter
Sales rise 30.25% to Rs 359.36 crore Net profit of SBFC Finance rose 27.51% to Rs 93.94 crore in the quarter ended March 2025 as against Rs 73.67 crore during the previous quarter ended March 2024. Sales rose 30.25% to Rs 359.36 crore in the quarter ended March 2025 as against Rs 275.90 crore during the previous quarter ended March 2024. For the full year,net profit rose 45.63% to Rs 345.30 crore in the year ended March 2025 as against Rs 237.10 crore during the previous year ended March 2024. Sales rose 27.63% to Rs 1285.00 crore in the year ended March 2025 as against Rs 1006.78 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 359.36275.90 30 1285.001006.78 28 OPM % 68.8868.32 - 69.5967.43 - PBDT 129.75100.84 29 475.54329.55 44 PBT 125.1997.21 29 458.73316.14 45 NP 93.9473.67 28 345.30237.10 46
Mint
26-04-2025
- Business
- Mint
Q4 results today: IDFC First Bank, India Cements, SBFC Finance & others to announce earnings on April 26
Q4 results today: Earnings season has kicked off with the month of April. Several tech giants, such as TCS, HCL Tech, Infosys, and banking majors, including HDFC Bank, ICICI Bank, and Yes Bank, have already announced their financial results for the quarter/ year ended on March 31, 2025. On Saturday, April 26, major companies such as IDFC First Bank, India Cements, SBFC Finance and Indiabulls Enterprises are scheduled to announce earnings, according to BSE calendar. Companies scheduled to announce financial results on Saturday, April 26, 2025 for the quarter and year ended on March 31, 2025, are Associated Alcohols & Breweries, Avantel, Bhansali Engineering Polymers, IDFC First Bank, Indiabulls Enterprises, India Cements, Kamat Hotels (India), Manorama Industries, Mangalore Refinery and Petrochemicals, Samsrita Labs, SBFC Finance, Ugro Capital Ltd and Vakrangee. With several companies scheduled to announce results, investors are closely keeping track of key financial metrics, vision of the management and outlook for the upcoming year. All these factors are essential to drive stock price movements. Speaking on the earnings for this week, Vinod Nair, Head of Research, Geojit Investments Limited told Mint previously, 'In the week ahead, a sector- and stock-specific investment strategy is anticipated, driven by upcoming earnings releases and subsequent management commentary, which will play a key role in shaping market sentiment." This week, several major companies such as Reliance Industries, Nestle India, Tata Communications, Tata Consumer, Axis Bank, Tata Technologies, IndusInd Bank, HUL, RBL Bank, Shriram Finance and Maruti Suzuki announced their Q4 FY25 earnings next week. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary. First Published: 26 Apr 2025, 06:57 AM IST
