Net profit of SBFC Finance rose 59.97% to Rs 84.16 crore in the quarter ended September 2024 as against Rs 52.61 crore during the previous quarter ended September 2023. Sales rose 26.41% to Rs 302.48 crore in the quarter ended September 2024 as against Rs 239.29 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales302.48239.29 26 OPM %70.8668.05 - PBDT114.2473.88 55 PBT110.3970.62 56 NP84.1652.61 60 Powered by Capital Market - Live

SBFC Finance announced that the rating as follows has been affirmed by India Ratings & Research Private Limited for pass-through certificates (PTCs) issued by Prime Trust LAP Aug 22 [SPV under ABS transaction] originated by SBFC Finance backed by a pool of asset-backed securities.  Issuing Company Instrument Rating   Rating action     Prime Trust LAP Aug 22 Series A1 securitisation notes   IND AA(SO)/ Stable   Affirmed     Prime Trust LAP Aug 22 Series A2 securitisation notes   IND BBB- (SO)/ Stable   Affirmed   Powered by Capital Market - Live

SBFC Finance will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live

SBFC Finance will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live

In an exchange filing, SBFC Finance announced that ICRA upgraded the company's long-term, fund-based term loan of Rs 2,100 crore to 'AA-' with a stable outlook, up from the previous rating of 'A+' with a stable outlook. Additionally, the ratings agency upgraded and withdrew the company's long term fund based-term loan (unallocated bank) worth Rs 1,400 crore to the same 'AA-' stable rating from 'A+' stable. An 'AA-' rating from ICRA signifies that the issuer carries very low credit risk and provides a high level of confidence in its ability to meet financial commitments on time. SBFC Finance is a non-deposit-taking NBFC, catering primarily to entrepreneurs, small business owners, self-employed individuals, and salaried or working-class customers. The company offers services through secured MSME loans and loans backed by gold. On a consolidated basis, net profit of SBFC Finance rose 68% to Rs 79 crore while total income 29.4% to Rs 298 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live

Amber Enterprises India Ltd, Finolex Cables Ltd, V I P Industries Ltd, Adani Total Gas Ltd are among the other stocks to see a surge in volumes on NSE today, 23 September 2024.SBFC Finance Ltd saw volume of 1050.69 lakh shares by 14:14 IST on NSE, a 43.05 fold spurt over two-week average daily volume of 24.41 lakh shares. The stock increased 19.05% to Rs.104.98. Volumes stood at 25.62 lakh shares in the last session.Amber Enterprises India Ltd notched up volume of 23.34 lakh shares by 14:14 IST on NSE, a 32.9 fold spurt over two-week average daily volume of 70929 shares. The stock rose 16.22% to Rs.5,052.80. Volumes stood at 51727 shares in the last session.Finolex Cables Ltd saw volume of 18.61 lakh shares by 14:14 IST on NSE, a 18.8 fold spurt over two-week average daily volume of 98962 shares. The stock increased 9.48% to Rs.1,518.65. Volumes stood at 1.69 lakh shares in the last session.V I P Industries Ltd clocked volume of 68.44 lakh shares by 14:14 IST on NSE, a 8.92 times surge over two-week average daily volume of 7.68 lakh shares. The stock gained 9.60% to Rs.546.70. Volumes stood at 3.75 lakh shares in the last session.Adani Total Gas Ltd notched up volume of 51.31 lakh shares by 14:14 IST on NSE, a 8.41 fold spurt over two-week average daily volume of 6.10 lakh shares. The stock rose 5.88% to Rs.835.05. Volumes stood at 9.03 lakh shares in the last session.Powered by Capital Market - Live

Reliance Industrial Infrastructure Ltd, Dilip Buildcon Ltd, V-Mart Retail Ltd and Edelweiss Financial Services Ltd are among the other gainers in the BSE's 'A' group today, 23 September 2024.SBFC Finance Ltd surged 13.58% to Rs 100.06 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 17.51 lakh shares were traded on the counter so far as against the average daily volumes of 1.69 lakh shares in the past one month. Reliance Industrial Infrastructure Ltd spiked 13.31% to Rs 1315.6. The stock was the second biggest gainer in 'A' group. On the BSE, 86948 shares were traded on the counter so far as against the average daily volumes of 7158 shares in the past one month. Dilip Buildcon Ltd soared 8.59% to Rs 566.85. The stock was the third biggest gainer in 'A' group. On the BSE, 89892 shares were traded on the counter so far as against the average daily volumes of 43131 shares in the past one month. V-Mart Retail Ltd rose 7.92% to Rs 3993.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3516 shares were traded on the counter so far as against the average daily volumes of 867 shares in the past one month. Edelweiss Financial Services Ltd jumped 7.45% to Rs 141.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.38 lakh shares were traded on the counter so far as against the average daily volumes of 8.17 lakh shares in the past one month. Powered by Capital Market - Live

Net profit of SBFC Finance rose 68.00% to Rs 78.91 crore in the quarter ended June 2024 as against Rs 46.97 crore during the previous quarter ended June 2023. Sales rose 28.56% to Rs 287.33 crore in the quarter ended June 2024 as against Rs 223.50 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales287.33223.50 29 OPM %70.9668.98 - PBDT109.1465.90 66 PBT105.3862.78 68 NP78.9146.97 68 Powered by Capital Market - Live

SBFC Finance has allotted 20,000 Secured, Rated, Listed, Redeemable NCDs, of face value of Rs. 1,00,000/- each at an issue price of Rs. 1,00,000/- each aggregating to Rs.200 crore on Private Placement basis. Powered by Capital Market - Live