SSFL Faces Profitability and Asset Quality Challenges

  Published 9 months ago

Crisil downgrades SSFL due to rising NPAs, higher credit costs, and slower business revival impacting profitability.

  • GNPAs surged to 5.6% (24.9% with write-offs) by March 2025, driven by overindebtedness and staff attrition.
  • Q4 2025 loss widened to Rs 434 crore; credit costs hit 17% of assets, up from 2.1% in 2024.
  • Rs 750 crore equity raise planned to offset losses; capital ratios remain strong at 36% Tier I CAR.

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