Summary

SRG Housing Finance Ltd. has reported its Q1 FY26 financial results with an Asset Under Management (AUM) of 795+ crore. The company's Cost to Income ratio has increased to 67.48% from 64.98% in Q1 FY25, while the Net Interest Margin to Average Earning Assets has decreased to 2.62% from 2.76% in Q1 FY25. The company's EBITDA stands at INR 26.04 crore for Q1 FY26, up from INR 22.43 crore for Q1 FY25. The company's credit rating was revised by Acuité from 'BBB+ Stable' to 'BBB+ Positive' during the quarter.

Key Highlights

1. 1

   Cost to Income ratio in Q1 FY26 is 67.48 % vs 64.98 % in Q1 FY25

2. 2

   Net Interest Margin to Average Earning Assets in Q1 FY26 is at 2.62% as against 2.76% of Q1 FY25

3. 3

   Return on Average Equity (ROAE) for Q1 FY26 is at 2.54% while for Q1 FY25 is 3.57%

4. 4

   Capital Adequacy Ratio as on Jun 30, 2025 stood at 47.46% out of which tier I capital 46.92% and tier II capital was 0.54%

5. 5

   Loan to Value Ratio (LTV) of AUM at ~45.5 % coupled with strong standards of credit underwriting has safeguarded the Company from unnecessary credit risk

6. 6

   Loan Spread: The Company continues to earn a spread on its loans of 9.08% for Q1 FY26 & 10.99% for Q1 FY25

7. 7

   EBITDA is Rs. 26.04 crore for Q1 FY26 compared to Rs. 22.43 crore for Q1 FY25

8. 8

   AUM of Rs 795+ crore as of June 30, 2025

9. 9

   Disbursements during the quarter stood at INR 80 crore, supported by our expanded network of 93 branches across 7 states

10. 10

    Capital Adequacy Ratio stood at 47.46%, largely composed of Tier I capital

11. 11

    Loan Spread moderated to 9.08%

12. 12

    Profitability remains stable at Rs 6.78 crore and ROAE for Q1 FY26 was 2.54%

13. 13

    Loan Against Property 46.08 25.62 12.41 20.75

14. 14

    Outstanding Borrowing in Q1 FY26 was Rs. 605.46 Crore vs Rs. 522.73 Crore in Q1 FY25

15. 15

    SRG is operating through its presence in 6 states and 1 Union Territory through 93 branches as on 30t June 2025