India's SBFC Finance hits record high on quarterly profit rise

SBFC Finance

03/11/2025 05:13

** Shares of SBFC Finance SBFC.NS jump 6.5% to record 121.5 rupees

** Stock marks biggest intraday percentage gain since May 14

** Non-banking lender posts 29.9% y/y rise in September-quarter net profit; total rev from ops rises 30.8% y/y

** Investec retains "Buy" rating; raises PT to 150 rupees, implying 25% upside from last close

** Says NIM expansion and operating leverage drove upgrades

** Adds strong MSME disbursement growth up 21% y/y and improving asset quality

** SBFC rated "Buy" by 7 analysts on average; median target price is 135 rupees – data compiled by LSEG

** Stock up 33.9% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

((rudrapratap.singh@thomsonreuters.com))