SG Finserve Limited - Business Update for Q2FY24

SG Finserve Limited (SGFL) has announced that its Loan Book for the Quarter ending September 30, 2023. The company has registered Outstanding Loans and Advances of approximately INR 1,640 Crores closing Q2-FY2024 as compared to the INR 1,243 Crores in Q1-FY2024, i.e. growth of 32% quarteron-quarter basis.

Achieved Loans and Advances of approximately INR 1,640 Crores in Q2-FY2024 vis-‡-vis INR 1243 Crores in Q1-FY2024, i.e. growth of 32% quarter-on-quarter basis.

- Added Net Loan Book of approximately INR 397 Crores during Q2-FY2024;

- Company raised cumulative capital of INR 316.8 Cr. during the quarter including INR 175 Crores of bank debt and INR 141.82 Cr. of equity on account of conversion of warrants;

- Rating outlook improved from CRISIL AA/ Stable/ A1+ to CRISIL AA/ Positive/ A1+.

Shares of SG Finserve Ltd was last trading in BSE at Rs. 538.15 as compared to the previous close of Rs. 539.25. The total number of shares traded during the day was 27405 in over 306 trades.

The stock hit an intraday high of Rs. 546.40 and intraday low of 537.50. The net turnover during the day was Rs. 14788208.00.

Source : Equity Bulls

Keywords

SGFinserve INE618R01015 Q2FY24 BusinessUpdate