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What SG Finserve promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 3 delivered 1 missed 6 open
  • AUM delivered, diluted said Q4 FY25 Promised: INR 4,000 crores in FY26 Q4 FY26: Achieved a closing loan book of INR 3,936 crores. This surpassed the revised target of INR 3,500 cr but fell short of the original INR 4,000 cr promise.
  • PAT went quiet said Q4 FY25 Promised: Tripling net profit to INR 300 crores in the next 24 months from a INR 100 crore run rate. Q4 FY26: The original promise was never mentioned again. New guidance is for 30-35% PAT CAGR.
  • AUM diluted said Q4 FY25 Promised: INR 6,000 crores in FY27 Q4 FY26: New guidance is for 35-40% AUM growth in FY27, which from a ~4000cr base implies ~5400-5600cr, still below the original 6000cr target.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 10 tracked commitments for SG Finserve — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens