Satin Creditcare Network has posted a fivefold rise in consolidated net profit to Rs 72 crore for the third quarter, compared with Rs 14 crore in the same period last year. The strong performance was driven by lower provisioning for bad loans and sustained double-digit growth in its loan book, even as the microfinance sector faced broader challenges.
This marks the company’s 18th consecutive profitable quarter, highlighting resilience in its operating model. During the quarter, provisions declined to Rs 131 crore from Rs 203 crore a year earlier, reflecting an improvement in asset quality. The gross non-performing assets ratio eased to 3.3 per cent from 3.9 per cent in the year-ago period.
Pre-provision operating profit rose 5 per cent year-on-year to Rs 224 crore, supported by a 9 per cent increase in total income, which stood at Rs 753 crore for the quarter.
The group’s consolidated assets under management grew 10 per cent year-on-year to Rs 13,341 crore, indicating continued expansion across its microfinance and lending operations.
As of December 31, 2025, Satin Creditcare carried total provisions of Rs 272 crore, equivalent to 3.2 per cent of its on-book portfolio. This remains significantly higher than the Reserve Bank of India’s prescribed provisioning requirement of Rs 141 crore, providing an additional buffer against potential credit stress.
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