Satin Creditcare Network (SATIN) Q1 25/26 earnings summary

Executive summary

• Achieved 16 consecutive profitable quarters, demonstrating operational resilience and strategic expansion, including entry into Mizoram and launch of a women-led AIF Tech Fund targeting underserved MSMEs.

• Maintained strong leadership continuity, with CXOs averaging nearly 10 years of tenure, and strengthened governance with two new independent directors.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, with unmodified auditor opinion.

• Continued expansion with a network of 1,599 branches across 519 districts in 29 states/UTs and a consolidated client base of 3.29 million.

• Non-MFI portfolio increased from 8% to 14% over five years, reflecting diversification into secured lending and technology solutions.

Financial highlights

• Consolidated AUM at INR 12,499 crore, up 6.8% YoY; standalone gross loan portfolio at INR 10,956 crore, up 4.5% YoY.

• Consolidated PAT at INR 45 crore, up 106% YoY; standalone PAT at INR 43 crore.

• Revenue rose 10.3% YoY to INR 642 crore and 14.3% QoQ; consolidated revenue at INR 713 crore, up 12.4% YoY.

• Standalone revenue from operations: ₹56,062.01 lakhs, up from ₹53,074.74 lakhs YoY; consolidated revenue: ₹62,068.59 lakhs, up from ₹58,910.65 lakhs YoY.

• Basic and diluted EPS (consolidated): ₹4.10, up from ₹1.99 YoY.

Outlook and guidance

• No explicit growth or ROE guidance provided; management expects stability in current ranges (ROA ~2.1%, ROE ~9.1% over six years).

• Targeting credit cost lower than FY25's 4.6%, with continued focus on prudent risk management and operational efficiency.

• Plans to open 188 new branches in the next quarter to support growth.

• Board approved incorporation of Satin Growth Alternatives Limited to enter the alternative investment space.