Satin Creditcare Network (SATIN) Q3 25/26 earnings summary

Executive summary

• Achieved 18 consecutive profitable quarters, focusing on long-term value creation, responsible growth in rural and semi-urban markets, and diversification, with strong risk governance and board enhancements.

• Expanded branch network by 452 branches year-over-year, now operating 1,987 branches across 26 states and 5 union territories, including entry into Mizoram.

• Client base reached 32.7 lakhs, with disciplined lending and no client holding more than three loans.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were reviewed and approved by the Board and statutory auditors, confirming compliance with SEBI and RBI regulations.

• The Group includes four wholly owned subsidiaries, with all results consolidated as per Indian Accounting Standards.

Financial highlights

• Consolidated AUM reached ₹13,341 crore, up 10% year-over-year; standalone AUM at ₹11,482 crore, up 7% YoY.

• Q3 FY26 consolidated revenue was ₹753 crore, up 10% YoY; consolidated net profit after tax for nine months: ₹17,016.41 lakh; for the quarter: ₹7,190.86 lakh.

• Net interest margin: 14.25% consolidated, 14.71% standalone; cost-to-income ratio elevated at 51.6% due to branch expansion.

• Consolidated ROA: 2.22%, ROE: 10.82%; standalone ROA: 2.33%, ROE: 9.57%.

• PAT for the quarter: ₹72 crore consolidated, up 404% YoY; write-offs for nine months FY26: ₹273 crore.

Outlook and guidance

• Targeting 10%-15% AUM growth in microfinance for FY26 and similar pace for subsidiaries.

• Credit cost expected to decrease to around 4% by year-end, with further improvement anticipated; ongoing monitoring of regulatory developments.

• ROA and ROE expected to improve further next year; conservative growth approach to maintain asset quality and profitability.