Satin Creditcare Network Limited (SCNL) has reported a consolidated Profit After Tax (PAT) of Rs 123 crore for the quarter ended June 30, 2026, marking a 172 per cent year-on-year increase. The company also completed its 20th consecutive profitable quarter, supported by growth in lending, stronger collections and improved asset quality.
During Q1 FY27, the company’s consolidated Assets Under Management (AUM) increased 27.5 per cent year-on-year to Rs 15,935 crore, while disbursements rose 55.9 per cent to Rs 3,495 crore. Total revenue grew 21.7 per cent to Rs 827 crore, and Pre-Provision Operating Profit (PPOP) climbed 33 per cent to Rs 267 crore.
On a standalone basis, AUM stood at Rs 13,312 crore, up 21.5 per cent from the previous year. Disbursements increased 45.6 per cent to Rs 3,008 crore, while total revenue rose 20.5 per cent to Rs 734 crore. Standalone PAT reached Rs 120 crore, registering a 182.3 per cent year-on-year increase.
The company reported improvement in asset quality, with PAR 1 reducing to 3.0 per cent from 3.7 per cent in the previous quarter on a standalone basis. Collection efficiency for the X bucket remained at 99.9 per cent during the quarter. Credit cost declined by more than 177 basis points to 3.06 per cent, including a management overlay buffer of Rs 36 crore, while credit cost excluding the overlay stood at 1.97 per cent.
Satin Creditcare said its marginal cost of borrowing reduced by 37 basis points year-on-year to 10.52 per cent, excluding subordinated debt. The company also announced that its promoters will infuse Rs 100 crore in equity share capital at around 17 per cent premium to the minimum issue price as per SEBI regulations.
During the quarter, the company entered Kerala, expanding its presence across South India alongside Tamil Nadu, Karnataka, Andhra Pradesh and Telangana. It also highlighted that its core leadership team has an average tenure of more than 10 years, with zero attrition among 200 field leadership personnel.
As of June 30, 2026, the company’s Capital Adequacy Ratio stood at 26.74 per cent, while consolidated book value per share was Rs 270. Satin Creditcare maintained balance sheet liquidity of Rs 2,311 crore along with undrawn sanctions worth Rs 2,593 crore.
Standalone on-book borrowings stood at Rs 10,216 crore, with a debt-to-equity ratio of 3.15 times. The company had 77 active lenders, including four added during the quarter, with banks accounting for 70 per cent of total borrowings.
Gross Non-Performing Assets (GNPA) improved to 2.18 per cent from 3.74 per cent a year earlier. On-book provisions stood at Rs 252 crore, exceeding the Rs 152 crore required under RBI norms. The company also maintained a Rs 36 crore management overlay as an additional buffer. Stage 3 coverage ratio improved to 84.66 per cent, while the overall Provision Coverage Ratio stood at 115.07 per cent.
Among its subsidiaries, Satin Housing Finance reported 31.4 per cent growth in AUM to Rs 1,263 crore and PAT of Rs 1.5 crore. Satin Finserv’s AUM reached Rs 1,360 crore, reflecting 133.67 per cent year-on-year growth, with PAT of Rs 4.9 crore. The company also expanded its green finance portfolio with disbursement of 50 loans worth Rs 294 crore.
Satin Technologies continued expanding its enterprise technology portfolio, with its Core Banking Solution entering customer user acceptance testing and commercial launch targeted for September 2026. The company also reported progress in its HRMS platform, loan management solutions and cybersecurity offerings.
Commenting on the performance, HP Singh, Chairman cum Managing Director, Satin Creditcare Network Limited, said the quarter marked the company’s strongest opening quarter in eight years and reflected the recovery of the microfinance sector after a challenging two-year period. He said the company chose to strengthen its balance sheet by increasing the management overlay to Rs 36 crore, while continuing to focus on responsible growth and expanding its housing finance, MSME finance, technology and alternative investment businesses.
Satin Growth Alternatives Limited launched its first SEBI-approved Category II Alternative Investment Fund (AIF) Scheme 1 with a target corpus of Rs 200 crore. The fund will focus on providing quasi-debt and equity capital to startups, businesses and MSMEs, particularly in rural and semi-urban India. It has also signed a memorandum of understanding with the State Bank of India to co-invest in startups.
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