Udaipur, January 31, 2025 – SRG Housing Finance Limited (NSE: SRGHFL, BSE: 534680) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024, reporting strong revenue growth and profitability.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (Dec 31, 2024) | Q3 FY24 (Dec 31, 2023) | YoY Growth (%) |
|---|---|---|---|
| Revenue from Operations | 3,894.15 | 8,879.92 | 22.5% |
| Total Income | 4,024.60 | 9,025.68 | 23.0% |
| Profit Before Tax (PBT) | 717.18 | 1,849.00 | 21.6% |
| Net Profit | 574.30 | 1,497.36 | 21.6% |
| Earnings Per Share (EPS) | ₹4.16 | ₹11.52 | 19.2% |
- Interest income surged to ₹3,371.01 lakh for the quarter, reflecting strong demand for housing loans.
- Fee and commission income increased to ₹326.44 lakh, supporting non-interest revenue growth.
- Finance costs rose to ₹1,650.56 lakh due to higher borrowing costs.
- Employee expenses increased to ₹967.61 lakh as part of business expansion.
Segment & Business Performance
- The company's core business of housing finance continues to be its primary revenue driver.
- No reportable segments as per Ind AS 108, as all operations revolve around property financing.
Strategic Developments
- ESOP Allocation: During Q3 FY25, 15,500 and 16,075 equity shares were allotted to employees under ESOPs at ₹200 per share.
- No Defaults or Outstanding Debts: The company confirmed no loan defaults or outstanding debt securities.
Management Commentary
Vinod K. Jain, Managing Director, SRG Housing Finance Limited, stated:"We are pleased with the company’s sustained growth in revenue and profitability. Our focus remains on expanding our housing loan portfolio while maintaining healthy asset quality. With strong fundamentals and an increasing demand for affordable housing, we are confident about our growth trajectory for the upcoming quarters."
Market Outlook & Investor Takeaways
- Growth Momentum: The 21.6% YoY profit increase signals the company's strong position in the housing finance sector.
- Rising Borrowing Costs: The 4.5% increase in finance costs needs close monitoring, especially in a high-interest-rate environment.
- Strategic Expansions: Employee ESOPs reflect a long-term commitment to talent retention and growth.