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Satin Creditcare Network Results: Latest Quarterly Results & Analysis

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Satin Creditcare Network Ltd. 30 Oct 2025 12:12 PM
Result PDF

Q2FY26 Quarterly Result Announced for Satin Creditcare Network Ltd.

Microfinance Institution Satin Creditcare Network announced Q2FY26 results

  • Maintained steady disbursement momentum of Rs 2,421 crore in Q2FY26, resulting in a growth of 6.41% YoY.
  • Asset quality remains intact with PAR 90 at 3.5% as of Sep’25; underscoring robust underwriting.
  • Introduced Natural Calamity Insurance for our incremental disbursements w.e.f Sep’ 25.
  • Rejection Rates stood at 64%; primarily driven by tighter credit evaluation framework.
  • Only 5.35% of clients have more than 3 microfinance lenders, and NIL since implementation of Guardrails 2.0; 0.08% of clients have loan exposure of >= Rs 2 lakh as of Sep’25 and NIL since implementation of Guardrails 2.0 (at the time of disbursement), reflecting healthy credit discipline.
  • Marked strategic entry into Mizoram in Jul’25, further strengthening leadership position in the Northeast. Opened 162 new branches in H1FY26, further solidifying our presence.
  • Capital Adequacy and Liquidity:
    • Capital base is strong with a capital adequacy ratio of 26.3% as on Sep’25.
    • Book Value per share at Rs 237 on a consolidated basis.
    • The Company continues to maintain a healthy balance sheet liquidity of ~Rs 2,300 crore and has undrawn sanctions of ~Rs 732 crore as on 30th Sep’25.
  • Borrowing Profile:
    • Total borrowings stood at Rs 8,597 crore as on 30th Sep’25.
    • Debt-to-equity ratio as on 30th Sep’25 stood at 2.9x.
    • 69% of our borrowings are from banks, followed by overseas funds at 17%, NBFCs at 5% and DFIs at 9%.
    • The mix of funding source stood at 75% and 25% for domestic and foreign respectively.
    • The Company has a diversified and large lender base of 72 active lenders
  • Asset Quality:
    • On-book Gross Non-Performing Assets stood at 3.5% amounting to Rs 293 crore.
    • On-book provisions amounting to Rs 308 crore as on 30th Sep’25, which is 3.7% of on-book portfolio. Provisions required as per RBI is Rs 140 crore.
    • Improvement in collection efficiency in dpd buckets has led to better PAR ratios.
    • During H1FY26, collection against write-offs were Rs 15 crore.

HP Singh, Chairman & Managing Director, Satin Creditcare Network, said: “We are pleased to share that Satin Creditcare has continued to build on its strong trajectory, delivering yet another quarter of resilient performance and consistent profitability in Q2FY26, recording a PAT of Rs 53 crore on a consolidated basis and a robust 19%% growth YoY. Our revenue grew 21% YoY to Rs 793 crore, supported by healthy credit demand and prudent asset management. We also reported a Net Interest Income of Rs 449 crore, up 15% YoY, and maintained a Net Interest Margin of 14%, improving by 90 basis points YoY.

Our focus on operational discipline and risk management continues to yield tangible results, with profitability and asset quality metrics performing ahead of industry standards. This reinforces the strength of our diversified model and our ability to navigate an evolving environment with agility and confidence.

Our diversification strategy remains central to our long-term vision. While microfinance remains our core, we have steadily expanded into affordable housing, MSME lending, and technology-driven solutions, enabling us to serve a broader spectrum of customers and credit needs.

A key milestone this quarter is the advancement of Satin Growth Alternatives Ltd., which is designed to address the unmet financing needs of MSMEs, particularly underserved and women-led enterprises, thereby promoting inclusive growth and strengthening India’s credit ecosystem.

As we look ahead, we are growing in alignment with our strategic vision and projected growth trajectory. Our focus remains on further reducing credit costs, enhancing digital and field efficiencies, and deepening customer engagement. Guided by our mission of responsible and sustainable growth, we remain committed to creating long-term value for our stakeholders and empowering communities through inclusive finance.”

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Microfinance Institutions company Satin Creditcare Network announced Q1FY26 results

  • Capital Adequacy and Liquidity:
    • Capital base is strong with a capital adequacy ratio of 26.0% as on Jun’25.
    • Book Value per share at Rs 233 on a consolidated basis.
    • The Company continues to maintain a healthy balance sheet liquidity of ~Rs 2,000 crore and has undrawn sanctions of ~Rs 400 crore as on 30th June 2025.
  • Borrowing Profile:
    • Total borrowings stood at Rs 8,328 crore as on 30th June 2025.
    • Debt-to-equity ratio as on 30th June 2025 stood at 2.9x.
    • 69% of our borrowings are from banks, followed by overseas funds at 17%, NBFCs at 4% and DFIs at 10%.
    • The mix of funding source stood at 75% and 25% for domestic and foreign respectively.
    • The Company has a diversified and large lender base of 71 active lenders.
  • Asset Quality:
    • ???????On-book Gross Non-Performing Assets stood at 3.7% amounting to Rs 324 crore.
    • On-book provisions amounting to Rs 316 crore as on 30th June 2025, which is 3.6% of onbook portfolio. Provisions required as per RBI is Rs 177 crore.
    • Temporary rise in delinquencies is attributed to the cyclical nature of Q1 on account of harvesting, heatwaves and heavy rains, further highlighted due to reduction in AUM resulting from subdued disbursements.
    • During Q1FY26, collection against write-offs were Rs 8 crore

HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said: “We have commenced the financial year with firm steps and on an encouraging note, maintaining consistent momentum and delivering steady performance across all key parameters. The biggest testament is that despite sectoral challenges, we have recorded our 16th consecutive profitable quarter with PAT standing at Rs 45 crore on consolidated basis. Our AUM grew by 6.8% YoY to Rs 12,499 crore. We also maintained steady disbursement momentum, with Rs 2,242 crore disbursed on a consolidated basis, up by 6.0% YoY.

Our focus on diversification continues to be a key pillar of our strategy. From microfinance we added affordable housing and MSME lending to our bouquet and then moved beyond financial services to provide offerings in technology. We are addressing a wide spectrum of credit needs for underserved communities, steadily expanding our impact beyond traditional microfinance, and then enriching it further with technology services. We are now looking forward to establishing an AIF debt Fund under Satin Growth Alternatives, aimed at improving access to capital for underserved MSMEs, with a strong focus on women-led enterprises. This marks another important step toward building a more inclusive financial ecosystem.

As an institution with vision, we remain confident in our long-term impact and potential. Looking ahead, we are targeting a reduction in credit costs compared to FY25, where it stood at 4.6%. While staying mindful of the evolving environment, we are committed to strengthening both our financial and non-financial performance through disciplined execution, deeper field engagement, and a continued focus on serving our customers responsibly and sustainably.”

Result PDF

Microfinance Institutions company Satin Creditcare Network announced Q4FY25 & FY25 results

Financial Highlights:

  • Consistency in disbursement on a QoQ basis, leading to growth in AUM of 5% QoQ & 7% YoY.
    • The disbursement during the year surpassed FY24 levels, marking a continued upward trajectory from an already robust year for the microfinance sector.
  • PAT for Q4FY25 stood at Rs 41 crore; reported 15 consecutive profitable quarters despite sector headwinds.
  • Sustained PAR reversal from Nov’24 onwards; PAR 1 declined by 192 bps to 4.9% as of March 2025 from 6.8% in September 2024.
    • Industry (NBFC-MFIs excluding Satin) PAR 1 stood at 16.9% as on Mar’25.
  • Positive reversal in PAR 90, reflecting our success in arresting forward flows driven by strong client engagement and robust risk management.
  • 0 dpd collection efficiency for the month of Mar’25 stood at 99.8%.
  • Credit cost for FY25 was contained at 4.6%, within the guided range of 4.5%–5.0%.
  • Raised Rs 7,742 crore during FY25; maintaining healthy liquidity.
    • Successfully raised USD 100 million syndicated social term loan via External Commercial Borrowing, further diversifying our lender base.
  • Received “SQS2” Sustainability Quality Score from Moody’s Ratings for Social Financing Framework; among the highest ratings awarded within the BFSI sector.
  • Implemented Guardrails 2.0 effectively; cap on number of microfinance lenders to three and have aligned our internal policies and processes accordingly.
  • Stable and competent management team; more than 9 years of average vintage of core team in the Company
  • Capital Adequacy and Liquidity:
    • Our capital base is strong with a capital adequacy ratio of 25.9% as on 31 st March’25.
    • Book Value per share at Rs 230 on a consolidated basis.
    • The Company continues to maintain a healthy balance sheet liquidity of Rs 1,217 crore as on 31st March’25 and has undrawn sanctions worth Rs 1,243 crore as on date.
  • Borrowing Profile:
    • Total on-book borrowings stood at Rs 7,887 crore as on 31st March’25.
    • Debt-to-equity ratio as on 31st March’25 stood at 2.77x.
    • 63% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 10% and DFIs at 6% .
    • 65% of the borrowing is on floating rate.
    • The Company has a diversified and large lender base of 79 active lenders.
      • Added 14 lenders in FY25
  • Asset Quality:
    • On-book Gross Non-Performing Assets stood at 3.7% amounting to Rs 323 crore.

HP Singh, Chairman cum Managing Director, Satin Creditcare Network, said: “Marked by resilience, recalibration and responsible growth, FY25 was a year that demanded a realignment of focus and the ability to remain steady amid the uncertainty. Despite an industry environment marked by volatility and policy transitions, Satin delivered stable performance across all key metrics, emerging as one of the top performers in the industry. This outcome is a result of our long-term, future-ready approach — rooted in sustainability, guided by vision and driven by disciplined execution.

In Q4FY25, we delivered our 15th consecutive profitable quarter, recording a PAT of Rs 41 crore. For the full financial year, our standalone PAT stood at Rs 217 crore. We’re also pleased to report that our performance remained closely aligned with our stated guidance. Year-on-year AUM growth stood at 7%, while credit cost for FY25 was well-managed at 4.6% — comfortably within the guided range of 4.5% to 5.0%.

FY25 was undoubtedly more challenging than the strong year we saw in FY24. So, for us to surpass our previous year’s disbursement levels is a big win. It speaks volumes about our structural strength and consistent execution.

As we step into the new financial year, we do so with a sense of satisfaction, determination, thoughtful reflection, and a continued focus on long-term value creation.We move forward with confidence, staying true to our mission and optimistic about the road ahead. We will continue to build on our strengths, sharpen our strategies, and stay committed to the vision that drives us.”

Result PDF

Finance company Satin Creditcare Network announced Q3FY25 results

Financial Highlights:

  • Consistency in disbursement on a QoQ basis, leading to growth in AUM of 3% QoQ & 10% YoY
  • PAT for Q3FY25 stood at Rs. 31 crore; reported 14 consecutive profitable quarters despite sector headwinds
  • PAR reversal visible from Nov’24 onwards
    • Net fresh PAR flow is seeing a reversal; significantly reduced from 1.61% in Oct’24 to 0.45% in Jan’25
    • PAR 1 for Satin vs Industry stood at 6.4% vs 13.9%; Satin’s performance better than the industry
    • PAR 1 in top 5 states for Satin vs Industry at 5.6% vs 15.3%; strong client connect is helping us in key states
  • Collection Efficiency of X bucket stood at 99.8% during Q3FY25

Capital Adequacy and Liquidity:

  • Our capital base is strong with a capital adequacy ratio of 27.4% as on 31 st December’24
  • Book Value per share at Rs. 232 on a consolidated basis
  • The Company continues to maintain a healthy balance sheet liquidity of Rs. 1,581 crore as on 31st December’24 and has undrawn sanctions worth Rs. 1,435 crore as on date.

Borrowing Profile

  • Total on-book borrowings stood at Rs. 7,829 crore as on 31st December’24
  • Debt-to-equity ratio as on 31st December’24 stood at 2.8x
  • 62% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 11% and DFIs at 7%
  • The Company has a diversified and large lender base of 75 active lenders

Asset Quality

  • On-book Gross Non-Performing Assets stood at 3.9% amounting to Rs. 324 crore
    • ~69% of portfolio across states has GNPA less than the national average of 3.9%
  • We have sufficient on-book provisions amounting to Rs. 322 crore as on 31st December’24, which is 3.9% of on-book portfolio. Provisions required as per RBI is Rs. 136 crore
    • Management Overlay on provisions of Rs. 16 crore; creating buffer for coming quarters

HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said, “Resilience and adaptability have always been at the core of our journey. Over the years, we have built a business that is not only strong but also agile and responsive to changing market dynamics. Our focus has always been on ensuring financial discipline, operational efficiency and a deep commitment to inclusion at large.

Our performance in Q3 & 9M FY25 reflects this approach as we achieved AUM growth of 10% YoY to Rs. 10,778 crore, against our guided range of 8% to 10%, while maintaining a disciplined credit cost of 5.0%, which continues to be one of the best in the industry. Additionally, this quarter, we registered a profit of Rs. 31 crore, further reinforcing our track record of 14 consecutive profitable quarters. The third quarter also demonstrated improvements, with a steady reversal in delinquency trends starting from November 2024 and further strengthening in December 2024 and January 2025. This momentum has contributed to both AUM growth and enhanced portfolio quality. Our PAR 1 stood at 6.4%, outperforming industry benchmarks, while PAR 1 in our top five states also remained strong, supported by our deep client connections in key regions. Moreover, collection efficiency in the X bucket stood at an impressive 99.8%, reflecting our success in arresting fresh flows through a focused recovery strategy.

As we look ahead, we are confident that the momentum will only improve as our recovery strategies gain traction. With a strong focus on operational excellence and capitalizing on emerging opportunities, with certain measures being undertaken, we are poised to deliver on a long-term sustainable basis, even better numbers, setting the stage for growth and long-term success.”

Result PDF

Finance company Satin Creditcare Network announced H1FY25 & Q2FY25 results

  • Portfolio well within the SROs guidelines & guardrails.
    • Only 1% of clients exceeded numbers of lenders by 4.
    • Only 0.04% clients had loan outstanding exceeding Rs 2 Lakh.
  • PAR 90 for top 4 states that contribute to ~60% of on-book portfolio is 2.9%; which is below the national average.
  • Raised Rs 3,852 crore during H1FY25 at group level; maintaining healthy liquidity.
  • More than 50% of customers have received a benefit of reduced rate of interest.
  • Received AUA/KUA license from RBI Digital; enabling seamless e-KYC.
  • Stable and competent management team; more than 8 years of vintage of core team in the company.
  • Capital Adequacy and Liquidity:
    • Our capital base is strong with a capital adequacy ratio of 28.8% as on 30th September’24.
    • Book Value per share at Rs 230 on a consolidated basis.
    • The Company continues to maintain a healthy balance sheet liquidity of Rs 1,590 crore and has undrawn sanctions worth Rs 1,539 crore as on 30 th September’24.
  • Borrowing Profile:
    • Total on-book borrowings stood at Rs 7,653 crore as on 30th September’24.
    • Debt-to-equity ratio as on 30 th September’24 stood at 2.7x.
    • 61% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 12% and DFIs at 7%.
    • The Company has a diversified and large lender base of 76 active lendeRs
  • Asset Quality:
    • ???????On-book Gross Non-Performing Assets stood at 3.5% amounting to Rs 286 crore.
    • We have sufficient on-book provisions amounting to Rs 284 crore as on 30th September 2024, which is 3.5% of on-book portfolio. Provisions required as per RBI is Rs 167 crore.
    • Temporary rise in delinquencies across a few geographies, influenced by various challenges like heatwaves, floods, general elections and other on ground external factoRs
    • During H1 FY25, collection against write-offs were Rs 11 crore.
    • Collection efficiency for H1 FY25 stood at 96.4%.

HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said: “Looking at the current uncertain time, our approach prioritizes quality over quantity, ensuring a sustainable trajectory. With our stringent lending standards, robust underwriting practices and adherence to RBI guidelines & SROs guardrails, we have effectively navigated the hurdles posed by notable disruptions in the unsecured lending, allowing us to deliver a profitable quarter. Despite these dynamics, our Gross Loan Portfolio grew by 16% YoY, reaching Rs 11,749 crore. Mindful of the existing industry landscape and the challenges that have emerged in recent months, we have revised our guidance for FY25 to reflect a more measured outlook. We now anticipate an annual AUM growth of approximately 8% to 10% and a credit cost in the range of 4.5% - 5.0%.

As we look forward, we remain confident in our strategies and continue to assess the evolving situation on the ground, ensuring that we remain agile, resilient and prepared for future opportunities.

Result PDF

Finance company Satin Creditcare Network announced Q1FY25 results:

  • Navigated seasonally moderate quarter coupled with extreme heat waves and general elections
  • Forayed into one new state i.e. Nagaland marking our presence in 27 States and UTs
  • Consistent new client addition led to 22.2% YoY and 2.2% QoQ growth in the customer base
  • Continuous improvement in operational efficiencies
  • Loan Account per Loan Officer at 465 (up by 6.4% YoY and 2.0% QoQ)
  • Strong Center Efficiency at 12.8 as on Jun’24
  • Increased overall provision coverage ratio to 91% vs 66% in Jun’23
  • Delivered RoA of >4.0% for 6 consecutive quarters
  • Capital Adequacy and Liquidity
    • Our capital base is strong with a capital adequacy ratio of 27.9% as on Jun’24
    • Book Value per share at Rs 227 on a consolidated basis
    • The Company continues to maintain a healthy balance sheet liquidity of ~Rs. 1,400 crore and has undrawn sanctions worth Rs 1,370 crore as on 30th June 2024
  • Borrowing Profile
    • Total borrowings stood at Rs 7,403 crore as on 30th June 2024
    • Debt-to-equity ratio as on 30th June 2024 stood at 2.7x
    • The Company has a diversified and large lender base of 77 active lenders
  • Asset Quality
    • On-book Gross Non-Performing Assets stood at 2.7% amounting to Rs 219 crore
    • We have sufficient on-book provisions amounting to Rs 200 crore as on 30th June 2024, which is 2.5% of on-book portfolio. Provisions required as per RBI is Rs 154 crore.
    • Temporary rise in delinquencies is attributed to the severe heat waves across multiple regions and operational constraints during general elections
    • During Q1 FY25, collection against write-offs were ~Rs. 6 crore
    • Collection efficiency for Q1 FY25 stood at 97.9%

Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, said, “This first quarter presented notable challenges, which is typically a slow quarter due to harvest season. We had strategies in place to navigate the crisis adeptly by strengthening our underwriting and field operations, enhancing our risk framework by incorporating more stringent policies and refining processes. With the aforementioned approaches, we maintained consistent performance in our net interest margins, operating efficiency, and return ratios.

Our overall AUM grew by 23% YoY to Rs 11,706 crore while the customer base grew by 15% YoY to 35.1 Lacs at the end of the Q1FY25. Our PAT grew by 20% YoY to Rs 105 crore. This resulted in RoA of 4.0% and RoE of 17.2%. This marks the sixth consecutive quarter in which we have achieved an RoA of over 4%, reflecting our strong cross-cycle performance and resulting in sustainable profitability.

Our proactive steps have allowed us to maintain stability and continue delivering value to our stakeholders. Considering the dynamic landscape, we are revising our guidance on AUM growth to 20% for FY25.”

Result PDF

Finance company Satin Creditcare Network announced FY24 results:

Financial Highlights:

Consolidated:
• Robust client addition of 6.3 Lakhs; client base reached 34.7 Lakhs
• Disbursed > Rs 10,000 crore during the year; highest ever yearly disbursement
• Highest ever profitability; PAT of Rs 436 crore
• Healthy mix of Secured and Unsecured asset classes; 12% secured and 88% unsecured
• Raised Rs 9,969 crore through various instruments
• Reduction in Opex ratios with operating efficiencies playing out; Opex to Avg AUM at 5.8% vs 6.3% in FY23 and Cost to Income at    45.4% as compared to 56.5% in FY23

Standalone:
• Forayed into 2 new states, Andhra Pradesh and Telangana, during the year; most diversified amongst the peers with a presence in 26 states & UTs
• Robust client addition of 7.8 Lakhs; client base reached 33.4 Lakhs
• Highest ever profitability; PAT of Rs 423 crore; up by 60%
• Consistent Collection Efficiency; stood at 98.5%
• Improvement in Opex ratios with operating efficiencies playing out; Opex to Avg AUM at 5.6% vs 6.3% in FY23 and Cost to Income at 42.6% as compared to 54.3% in FY23
• Successfully completed equity infusion of Rs 250 crore via QIP
• Received highest ratings; “AA” ESG Rating and Gold level certification in Client Protection Principles 

Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, said, “Reflecting on our performance in FY24 fills us with immense pride as we recognize the exceptional standard of excellence we have upheld across all metrics. This past year was not only about achieving milestones; it was a transformative journey where we redefined what's possible and advanced our inclusive charter with unwavering dedication. This includes surpassing the guided range of our annual performance targets on almost every parameter, robust growth in AUM that is now reaching close to Rs 12,000 crore, long-term credit rating upgrade to A (Stable) from A- (Stable) by ICRA, successful completion of equity infusion of Rs 250 crore via QIP, receiving the highest “AA” ESG rating and Gold Level certification for Client Protection Principles, being awarded with the latest standard of ISO 27001:2022 for Information Security, and raising funds close to Rs 10,000 crore.

Our consolidated gross loan portfolio grew by 30% YoY to Rs 11,850 crore at the end of March 2024. We added nearly 6.3 Lakhs new borrowers, resulting in a borrower base of 34.7 Lakhs. We recorded our highest yearly disbursement of more than Rs 10,000 crore, up by 30% Y-o-Y. Our profitability touched a new milestone as we recorded a PAT of Rs 436 crore.

In alignment with our mission to foster financial inclusion and uplift the underserved segments of our nation, we've opened 158 new branches on a standalone basis and forayed into two new states, Andhra Pradesh and Telangana, extending our geographical presence to 26 states and UTs.

In our drive towards ensuring technological efficiency and fraud prevention, we’ve taken a smart step forward in the FY24. We have successfully implemented e-sign through IRIS, marking a significant advancement in our efforts to streamline processes and underscoring our dedication to staying ahead in an ever-evolving landscape of technology.

As we embark on the next chapter of our journey, we remain optimistic about demonstrating good growth in the years to come and being at the forefront, making meaningful differences and fulfilling rural aspirations with our diversified financial services.”

Result PDF

Non-banking financial company Satin Creditcare Network announced Q2FY24 & H1FY24 results:

  • PAT stood at Rs 189 crore, RoA at 4.5% & RoE at 18.5%; highest ever profitability in last 5 years
  • Observed strong net customer addition of 4.1 lakh
  • First-cycle clients account for 49% of AUM
  • At the time of disbursement, ~31% of clients have Satin as the only lender
  • Collection against write-offs was ~Rs 28 crore
  • With operational efficiencies playing out, Opex to Avg AUM has reduced to 5.8% as compared to 7.0% in H1FY23, decreased by 120 bps
  • Cost to Income ratio stood at 45.6%
  • Our capital base is strong with a capital adequacy ratio of 25.7% as on 30th September 2023
  • Book Value per Share at Rs 191 on a consolidated basis
  • Raised ~Rs 33,000 crore in the last 6.5 years; absolutely clean repayment track record with no delay/default since inception
  • During H1FY24, raised Rs 4,848 crore which is up by 93% as compared to H1FY23
    • ~76% via on-book borrowing
  • The Company continues to maintain a healthy balance sheet liquidity of ~Rs 1,400 crore and has undrawn sanctions worth Rs 1,018 crore as of 30th September 2023
  • Total borrowings stood at Rs 6,816 crore as on 30th September 2023
  • Debt-to-equity ratio as of September 30, 2023, stood at 3.1x
  • 64% of our borrowings are from banks, followed by overseas funds at 16%, NBFCs at 12% and DFIs at 8%
  • The Company has a diversified and large lender base of 72 active lenders
    • Added 9 new lenders to the portfolio

Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said, “It is amazing to witness that we have embarked on our 34th year of excellence in fostering womenprenuers bolstered by sustained and robust growth momentum throughout the first half of FY23 in tandem with the thriving rural economy. As evident from our performance across all operational and financial metrics, we have observed a strong second quarter, surpassing the Rs 10,000 crore AUM and recording the highest ever profitability in the last 5 years, with PAT growing by 87% YoY to 107 crore.

Underpinned by our mission to empower underserved communities at large, we had a healthy disbursement for the quarter of Rs 2,403 crore on a consolidated basis, up by 41% year on year. Additionally, we have been able to make strong net customer additions of 4.1 lakh in the H1FY24.

Through harnessing our subsidiaries, we have been able to wide-reach our influence with the right approaches, offering the right solutions to the people who are in need of these solutions, and to further validate the success, both the subsidiaries are profitable.

Furthermore, our inherent adherence to ESG principles and our strong compliance standards have helped us earn the ESG AA rating, the highest grade rating, and secured the Top Spot across the industry. This recognition reinforces our mission to drive positive change, not only in the financial sector but also in the communities we serve, and going forward, we will continue to champion sustainability and innovation to create lasting impact.

Looking at the performance of H1FY24, we are sanguine to achieve our annual performance guidance for FY 2024 and remain steadfast in our commitment to responsible lending.”

 

Result PDF

Non-banking Financial company Satin Creditcare Network announced Q1FY24 results:

  • Reported highest Q1 disbursements of Rs 1,980 crore
  • Observed strong net customer addition of ~2.3 lakh
  • PAT stood at Rs 86 crore, RoA at 4.3% & RoE at 17.5%; highest ever profitability
  • With operational efficiencies playing out, Opex to Avg AUM has reduced to 5.8% as compared to 7.1% in Q1FY23, decreased by 133 bps
  • Cost to Income ratio of 48.9% as compared to 71.1% in Q1FY23
  • During Q1FY24, the Company did a fundraising of Rs 2,148 crore from various lenders; with 66% YoY growth
  • Total borrowings stood at Rs 6,107 crore as of 30th June 2023

Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said, "We are pleased to highlight our Company’s outstanding success in Q1FY24, which marks the most considerable growth in the last 5 years across all financial and operational parameteRs This remarkable accomplishment reflects our unwavering dedication to excellence and steadfast progress.

With an impressive YoY consolidated growth of 26%, this quarter has surpassed all expectations, and it also represents the highest-ever Q1 disbursement in the last 5 years, a testament to the strength of our resilient business model and key initiatives.

Our relentless focus on prioritizing our customers' needs has yielded significant outcomes, as exemplified by the substantial net customer additions, propelling us to surpass the notable milestone of serving more than 3 million active clients. This robust expansion is a resounding demonstration of the confidence and trust our clients have in us as their preferred financial partner.

Aligning with our vision for the subsequent years to come, we have expanded our footprint by adding 27 branches during Q1FY24, allowing us to effectively extend our reach to previously untapped regions, empowering more lives with access to essential financial services. Leveraging the outreach through our subsidiaries further enhances our ability to serve diverse communities and extend our positive impact.

Further validating the success of this quarter, we achieved the highest-ever Q1 PAT in the last 5 years, reflecting the efficacy of our financial decisions and operational efficiency.

To further demonstrate the faith our investors have in our long-term outlook and strategic direction, we are glad to unveil that we completed the preferential allotment of Rs 225 crore through the issuance of equity shares and fully convertible warrants.

As we move forward on this phenomenal path, we will never waver in our adherence to responsible lending practices, which includes ensuring that a sizable portion of our clients has our company as their sole lender at the time of disbursement, reiterating our pledge to long-term growth and encouraging individuals to improve their lives.

With ample liquidity and a strong foundation, we are well on track to achieve our guided growth of 25% , confidently navigating towards a future of continued success and delivering value to all our stakeholders Together, we stride ahead, building a better, more inclusive financial landscape for all."

 

 

Result PDF

Non-banking Financial company Satin Creditcare Network announced Q4FY23 & FY23 results:

  • Q4FY23:
    • PAT stood at Rs 94 crore, RoA at 4.9% & RoE at 20.3%
    • Observed strong net customer addition of ~2 lacs
    • Cost to Income ratio at 45%
    • Reported highest quarterly disbursements of Rs 2,546 crore
  • FY23:
    • During FY23, the company did fundraising of Rs 6,846 crore from various lenders and added 7 new lenders to its portfolio
    • Our capital base is strong with a capital adequacy ratio of 26.6% as of 31st March 2023
    • Up to Q4FY23, received Rs 137 crore out of Rs 225 crore of preferential allotment money via the issue of equity shares and fully convertible warrants
    • Book value per share stood at Rs 225
    • The Company continues to maintain a healthy balance sheet liquidity of Rs 1,029 crore and has undrawn sanctions worth Rs 580 crore as of 31st March 2023
    • Total borrowings stood at Rs 5,497 crore as on 31st March 2023; Debt-to-equity ratio as of 31st March 2023 stood at 2.87x
    • Collection efficiency for FY23 stood at 99.6% (excluding restructured portfolio)

Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said, “The company has delivered yet another quarter and year of excellent performance while achieving good growth coupled with robust operational and financial controls and making consistent progress in asset quality, crossing milestone of Rs 9,000 crore in consolidated AUM.

We represented strong business growth with our standalone AUM up by 24% YoY to Rs 7,929 crore and recorded our highest-ever profitability with PAT of Rs 94 crore for the quarter, resulting in ROA of 4.9% and ROE at 20.0%. We are optimistic about maintaining this profitability trend in the coming years. The substantial pick-up in the portfolio was driven by growth in standalone disbursement, which is up by 83% year on year and stands at Rs 7,390 crore. The consolidated disbursement stood at Rs 8,087 crore, grew by 67% YoY.

We represented strong business growth with our standalone AUM up by 24% YoY to Rs 7,929 crore and recorded our highest-ever profitability with PAT of Rs 94 crore for the quarter, resulting in ROA of 4.9% and ROE at 20.0%. We are optimistic about maintaining this profitability trend in the coming years. The substantial pick-up in the portfolio was driven by growth in standalone disbursement, which is up by 83% year on year and stands at Rs 7,390 crore. The consolidated disbursement stood at Rs 8,087 crore, grew by 67% YoY.

With respect to Asset Quality, we have tightened our credit evaluation criteria in order to ensure consistent portfolio quality. Our on-book Gross Non-Performing Assets as on Mar’23 stood at 3.28%, down from 8.01% as on Mar’22. Our new portfolio generated from Jul’21 onwards far exceeds the industry in asset quality, with PAR 90 of 0.3%.

With a CRAR of 26.6% and balance sheet liquidity of Rs 1,029 crore as on Q4FY23, with good liquidity and capital position, our balance sheet keeps getting stronger every quarter.

With our vision to diversify into secured asset classes, our Non-MFI book has grown to 12.3% as on Mar’23. Our subsidiaries are aiding us in leveraging the outreach by catering to those in need through affordable housing and retail MSME loans.

Being a responsible institution, we shall continue to stay at the forefront of capitalizing on our outreach, focusing on healthy asset quality and liabilities, which will help us provide financial support to our borrowers. With our robust operating model, proven execution capabilities, strong customer relationships and robust balance sheet, we are well-positioned to demonstrate good growth in the years to come. Going ahead, we are expecting to achieve AUM growth of 25% and RoA of 3.5% .”

 

 

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