On most routes, yes. Promotional at 1 lakh/month: SGH ₹12,000 vs MSG91 ₹13,000+ (save ₹1,000/month). Transactional/OTP at 5 lakh/month: SGH ₹60,000 vs MSG91 ₹80,000+ (save ₹20,000/month). Transactional/OTP at 10 lakh/month: SGH ₹1,20,000 vs MSG91 ₹1,40,000+ (save ₹20,000+/month). SGH also offers SMPP connectivity and ISO 27001 certification which MSG91 doesn't provide.