Regardless of weathering trade headwinds in FY25, SK Finance stayed resilient, delivering a powerful efficiency backed by strong demand and centered growth, in response to firm’s annual assertion.
The NBFC noticed its revenue after tax enhance by 21.72 per cent year-on-year to Rs 380 crore, whereas whole earnings rose 32.7 per cent to Rs 2,386 crore.
Disbursements throughout the 12 months stood at Rs 8,398 crore, marking a 16 per cent rise, pushed by progress in automobile, tractor and MSME lending.
Business automobile loans comprised the biggest share of the corporate’s belongings beneath administration (AUM) at 37.9 per cent, adopted by MSME loans at 23.1 per cent and automobile loans at 20.4 per cent. SK Finance maintained a powerful capital adequacy ratio of 29.51 per cent, comfortably above regulatory necessities, the annual assertion stated.
Based in 1994 by Rajendra Kumar Setia to deal with the shortage of institutional credit score for small merchants and transporters in Rajasthan, the corporate has centered on rural and semi-urban segments, concentrating on underserved debtors in Tier-II and Tier-III cities. In September final 12 months, SK Finance obtained Sebi’s clearance to drift Rs 2,200 crore preliminary public providing (IPO). The IPO is a mix of a contemporary subject of fairness shares value Rs 500 crore and an offer-for-sale (OFS) of as much as Rs 1,700 crore by promoters and investor shareholders. As part of the OFS, Norwest Enterprise Companions X-Mauritius and TPG Progress IV SF PTE Ltd will offload shares value Rs 700 crore every, Evolvence Coinvest I’ll divest shares to the tune of Rs 75 crore and Evolvence India Fund III Ltd will promote shares value Rs 25 crore.
Moreover, promoters — Rajendra Kumar Setia and Rajendra Kumar Setia HUF — will offload shares aggregating to Rs 180 crore and Rs 20 crore, respectively.
SK Finance plans to utilise proceeds from the contemporary subject for augmenting the capital base to satisfy future enterprise necessities of the corporate in the direction of onward lending and for normal company functions.
