Satin Creditcare Network (SATIN) Q4 24/25 earnings summary

Executive summary

• Achieved 15th consecutive quarter of profitability, demonstrating resilience and consistent execution in a challenging year for the microfinance sector.

• Consolidated revenue for FY25 was INR 2,602 crore (+16.1% YoY), with consolidated AUM at INR 12,784 crore (+7.9% YoY).

• Asset quality improved, with PAR 1 declining to 4.9% and credit cost contained at 4.6%, within guidance.

• Raised USD 100 million via syndicated social term loan, diversifying funding sources.

• Received high ESG and sustainability ratings, and multiple industry awards.

Financial highlights

• Standalone PAT for FY25 was INR 217 crore, with INR 41 crore in Q4 FY25; consolidated PAT was INR 186 crore.

• Consolidated revenue grew 16.1% YoY to INR 2,602 crore; standalone revenue up 15.9% to INR 2,377 crore.

• Consolidated AUM rose 8% YoY to INR 12,784 crore; standalone AUM up 7% YoY to INR 11,316 crore.

• Pre-provisioning operating profit was INR 754 crore consolidated (+3% YoY), INR 736 crore standalone (+5.3% YoY).

• Net interest margin: 12.61% consolidated, 13.03% standalone.

• ROA/ROE: 1.69%/7.53% consolidated; 2.07%/7.86% standalone.

Outlook and guidance

• No specific growth or credit cost guidance for FY26; management will provide after Q1.

• Expectation of lower operating expense ratio in FY26 as asset quality stabilizes.

• Focus remains on maintaining credit cost below FY25 levels and improving operational efficiency.

• Continued focus on asset quality, risk management, and portfolio diversification through subsidiaries.