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 News

SBFC Finance announced that the Annual General Meeting (AGM) of the company will be held on 28 June 2024.Powered by Capital Market - Live News

Net profit of SBFC Finance rose 71.73% to Rs 73.43 crore in the quarter ended March 2024 as against Rs 42.76 crore during the previous quarter ended March 2023. Sales rose 34.76% to Rs 272.02 crore in the quarter ended March 2024 as against Rs 201.86 crore during the previous quarter ended March 2023.For the full year,net profit rose 58.22% to Rs 237.02 crore in the year ended March 2024 as against Rs 149.80 crore during the previous year ended March 2023. Sales rose 39.53% to Rs 990.96 crore in the year ended March 2024 as against Rs 710.21 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales272.02201.86 35 990.96710.21 40 OPM %69.1968.73 -68.5068.02 - PBDT100.5561.16 64 329.47214.16 54 PBT96.9258.08 67 316.06201.45 57 NP73.4342.76 72 237.02149.80 58 Powered by Capital Market - Live News

The Board of SBFC Finance at its meeting held on 26 March 2024 has approved the appointment of Koni Uttam Nayak (DIN: 02543830) as an Independent Director (Additional) on the Board of the Company with effect from 26 March 2024. Powered by Capital Market - Live News

SBFC Finance will hold a meeting of the Board of Directors of the Company on 27 April 2024.Powered by Capital Market - Live News