Latest news with #SKFinance
Time of India
5 days ago
- Business
- Time of India
NBFCs put IPO plans on fast track, could raise over Rs 30,000cr
Mumbai : Non-bank lenders are expected to rush initial public offerings (IPO) to benefit from an easier regulatory regime, lower interest rates, an improving credit cycle, and increasingly positive market sentiment that has taken the broadest equity gauges to their highest in nearly nine months. There are several NBFCs that already have IPO approvals from the Securities and Exchange Board of India (Sebi). But they were seeking a better market opportunity, and are likely to speed up listing plans. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nhà tiền chế 2025: Lựa chọn nhà ở giá cả phải chăng (Xem ngay) Nomad's Notebook Nhấp vào đây Undo Vehicle and business loan company SK Finance , education loan focused Avanse Financial and Credila Financial and MSME loan company Veritas Finance are expected to raise an aggregate amount of ₹13,500 crore, bankers said. ET Bureau There is also a likely bumper IPO from the $400-billion market cap salt-to-steel Tata Group as its long incubated NBFC, Tata Capital, plans to raise ₹17,200 crore in what could be among the largest public issues this fiscal. Live Events 'Conditions are more favourable for NBFCs that have lined up for the capital markets because of the regulatory change of stance, ample liquidity in the banking system, and a favourable rate cycle,' said Ajay Saraf, executive director, ICICI Securities, one of the bankers appointed to manage the ₹2,200 crore SK Finance issue and the bumper Tata Capital sale. Analysts and bankers said the central bank's reduction in risk weights for bank lending to NBFCs in this fiscal along with the cumulative 100 basis points cut in the benchmark repo rate in 2025 calendar so far should address the funding challenge NBFCs faced in 2024. One basis point is a hundredth of a percentage point. 'The worst of the NBFC credit cycle is also behind us. The elevated credit costs that we saw in 2024 are easing, so it is fair to expect that in the second and third quarter onwards we could see some capital raising from the NBFCs,' said Shreepal Doshi, lead analyst, NBFCs, Equirus Securities. To be sure, most of the IPO-bound NBFCs are backed by private equity funds, which are looking to fully or partially exit the companies. SK Finance counts Norwest Venture Partners, TPG Growth, Baring Private Equity India and Motilal Oswal's PE arm — MO Alternate Investment Advisors as investors. Credila Financial, promoted by the erstwhile HDFC, now counts EQT and ChrysCapital as it's majority investors, while Kedaara Capital, Norwest Venture Partners, British International Investment (BII), Lok Capital and Growth Catalyst are investors in Veritas.
Business Standard
29-05-2025
- Business
- Business Standard
SK Finance standalone net profit rises 49.36% in the March 2025 quarter
Sales rise 33.41% to Rs 643.66 crore Net profit of SK Finance rose 49.36% to Rs 141.62 crore in the quarter ended March 2025 as against Rs 94.82 crore during the previous quarter ended March 2024. Sales rose 33.41% to Rs 643.66 crore in the quarter ended March 2025 as against Rs 482.48 crore during the previous quarter ended March 2024. For the full year,net profit rose 21.72% to Rs 379.67 crore in the year ended March 2025 as against Rs 311.92 crore during the previous year ended March 2024. Sales rose 32.76% to Rs 2377.94 crore in the year ended March 2025 as against Rs 1791.19 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 643.66482.48 33 2377.941791.19 33 OPM % 69.4567.58 - 62.8365.66 - PBDT 191.04128.87 48 531.25435.43 22 PBT 178.86118.44 51 484.76399.32 21 NP 141.6294.82 49 379.67311.92 22
