Satin Creditcare Network (SATIN) Q4 25/26 earnings summary

Executive summary

• Consolidated AUM reached ₹15,174 Crores in FY26, up 19% year-over-year, with significant diversification into non-MFI segments, now comprising 17% of AUM.

• PAT for FY26 was ₹33,220.98 lakhs, up 79% year-over-year; Q4 PAT surged over 124% year-over-year and 94% sequentially.

• Maintained profitability for 19 consecutive quarters, with robust asset quality and improved credit discipline.

• Subsidiaries, including Satin Housing and Satin Finserv, each crossed ₹1,000 Crores AUM, contributing to diversification.

• Expanded branch network to 2,015 and active client base to ~34 lakhs.

Financial highlights

• Consolidated revenue reached ₹3,161 Crores, up 23% year-over-year; standalone revenue at ₹2,825 Crores, up 20%.

• Net Interest Income (NII) grew 21% to ₹1,849 Crores; PPOP up 23% to ₹928 Crores.

• Standalone AUM at ₹12,853 Crores, up 14% year-over-year; disbursements at ₹11,202 Crores.

• Credit cost improved to 3.6% (down from 4.6% in FY25); Q4 credit cost at 2.2%-2.5% consolidated.

• ROA at 2.6%, ROE at 12.3%, and NIM at 13.2% on consolidated basis.

Outlook and guidance

• FY27 standalone AUM growth guidance of 15%-20%, targeting ₹14,800–15,100 Crores.

• Consolidated AUM growth expected at 25%-30% due to strong subsidiary performance.

• Credit cost guidance for FY27 at 3%-3.5%, supported by tighter underwriting and NATCAT derisking.

• Long-term consolidated AUM target revised upward to ₹32,000 Crores by 2030, with non-MFI AUM targeted at 30%.