SBM Group Posts Profit of Rs 1.3 Billion in Just 3 Months

The SBM Group has burst forth at the dawn of 2025 with unprecedented vigour, setting the tone for a year of significant achievement. In the closing quarter of the first trimester—spanning January to March 2025—the conglomerate reported an after-tax profit soaring to Rs 1.3 billion.

This figure marks an extraordinary increase of 66.7% compared to the same period in 2024, when profits stood at Rs 773 million.

Such a leap underscores an impressive resurgence amidst a landscape fraught with challenges.

Growth in Operating Income
Moreover, the group’s total operating income has climbed by 7.7%, reaching Rs 4.1 billion, defying the headwinds faced by its subsidiaries across various jurisdictions.

Despite these hurdles—ranging from commercial development struggles to operational efficiencies, risk management issues, and legacy challenges—the SBM Group remains resolute.

SBM’s Challenges and Strategies

“Our entities in Mauritius, India, Kenya, and Madagascar continue to grapple with development hurdles, operational inefficiencies, risk management complexities, and longstanding legacy issues,” declared Rohit Ramnawaz, Chairman of SBM Holdings Ltd, on Tuesday, 13 May.

“The new Board of Directors is committed to assessing and addressing these imperatives, making the necessary decisions in the best long-term interests of the Group.”

Macroeconomic Outlook and Future Trajectory
Looking ahead, what trajectory can be anticipated in the coming months?

The economic landscape in Mauritius remains fraught with multiple challenges, heavily influenced by an increasingly uncertain international environment.

While acknowledging this, the authorities are actively working to reinforce the nation’s macroeconomic fundamentals, tackling structural constraints impeding growth and pursuing fiscal consolidation—particularly targeting the fiscal deficit.

Leadership’s Commitment to Resilience and Sustainability
The leadership of SBM Holdings Ltd affirmed its unwavering commitment:

“We will implement the necessary measures to position the Group on a resilient, competitive, and sustainable footing.”

The aim is clear, build a robust organisation capable of weathering global uncertainties and fostering long-term stability.

Additional Key Figures:

• Gross loans and advances decreased by 3.2%, from Rs 180.7 billion in December 2024 to Rs 175.0 billion as of 31 March 2025, driven by repayments across local and international segments and a prudent asset redeployment strategy.
• Operating expenses for the first quarter of the 2025 financial year stood at Rs 2.4 billion, down from Rs 2.6 billion during the same period last year.
• The group’s gross non-performing loan ratio rose to 8.2%, with a net ratio of 4.6%, both exceeding sector averages. Nonetheless, the Group has instituted measures aimed at progressively improving asset quality, steadfastly pursuing a strategy of cautious growth amid these challenging times.

SBM has proven resilience and strategic agility, testaments to its enduring pursuit of excellence in a turbulent economic climate.

Source: Defi Media