SGFIN

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 · Q1 FY27

what the last two calls moved 18 tracked 4 delivered 1 missed 13 open
  • Loan Book (AUM) delivered said Q3 FY26 Promised: Close FY26 with an AUM of INR 3,500 crores Q1 FY27: Promise remains achieved. No new updates.
  • Fee Income went quiet said Q4 FY26 Promised: 6 crores fee in Q4 is not an exception. I believe, it will become a norm. Q1 FY27: No specific fee income figure was disclosed for Q1 FY27, making it impossible to verify if the INR 6 cr quarterly run-rate is being maintained.
  • New Subsidiary Investment diluted said Q3 FY26 Promised: Nothing material is going to happen in next 2, 3 years. Q1 FY27: Management announced plans to establish an insurance broking subsidiary. While framed as a small, ecosystem-focused cross-sell opportunity, this represents a new venture, diluting the original promise.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 18 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