On March 7, approximately 2.97 crore shares of SBFC Finance, representing 2.79 percent equity in the company, were traded at Rs 87.25 each. It couldn’t be independently verified who the buyers and sellers were. As of 10:40 am, the stock was trading at Rs 85.20.
SBFC Finance, which was listed in August 2023, specializes in offering secured MSME loans and loans against gold, primarily catering to entrepreneurs and small business owners. Since its listing, the stock has experienced a nearly 5 percent decline.
As of December 31, 2023, the company’s Assets Under Management (AUM) stood at Rs 6,266 crore, marking a 40 percent increase year-on-year and an 8 percent increase quarter-on-quarter. The Gross Non-Performing Assets (GNPA) for the same period was recorded at 2.38 percent. Additionally, the net profit for the period was Rs 64 crore, reflecting a 22 percent quarter-on-quarter growth and a remarkable 63 percent growth year-on-year.
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