New Delhi , 30th October 2025: Satin Creditcare Network Limited has announced its unaudited financial results for the quarter and half year ended 30th September 2025. The financial numbers are based on IndAS.
Update on Q2 FY26
Marked the 17th consecutive quarter of profitability, further underscoring the company’s consistent financial performance
- Maintained steady disbursement momentum of INR 2,421 Crores in Q2-FY26, resulting in a growth of 6.41% YoY
- Asset quality remains intact with PAR 90 at 3.5% as of Sep’25; underscoring robust underwriting
- Introduced Natural Calamity Insurance for our incremental disbursements w.e.f Sep’ 25
- Rejection Rates stood at 64%; primarily driven by tighter credit evaluation framework
- Only 5.35% of clients have more than 3 microfinance lenders, and NIL since implementation of Guardrails 2.0; 0.08% of clients have loan exposure of >= INR 2 Lakhs as of Sep’25 and NIL since implementation of Guardrails 2.0 (at the time of disbursement), reflecting healthy credit discipline
- Marked strategic entry into Mizoram in Jul’25, further strengthening leadership position in the Northeast. Opened 162 new branches in H1-FY26, further solidifying our presence
Capital Adequacy and Liquidity
- Capital base is strong with a capital adequacy ratio of 26.3% as on Sep’25
- Book Value per share at INR 237 on a consolidated basis
- The Company continues to maintain a healthy balance sheet liquidity of ~INR 2,300 Crores and has undrawn sanctions of ~INR 732 Crores as on 30th Sep’25
Borrowing Profile
- Total borrowings stood at INR 8,597 Crores as on 30th Sep’25
- Debt-to-equity ratio as on 30th Sep’25 stood at 2.9x
- 69% of our borrowings are from banks, followed by overseas funds at 17%, NBFCs at 5% and DFIs at 9%
- The mix of funding source stood at 75% and 25% for domestic and foreign respectively
- The Company has a diversified and large lender base of 72 active lenders
Asset Quality
- On-book Gross Non-Performing Assets stood at 3.5% amounting to INR 293 Crores
- On-book provisions amounting to INR 308 Crores as on 30th Sep’25, which is 3.7% of the on-book portfolio. Provisions required as per RBI is INR 140 Crores
- Improvement in collection efficiency in dpd buckets has led to better PAR ratios
- During H1-FY26, collection against write-offs were INR 15 Crores
Subsidiaries
Satin Housing Finance Ltd. witnessed YoY growth of 20% in AUM, which stood at INR 1,022 Crores, having presence across 22 states with 9,921 customers
- 100% retail book
- GNPA stood at 3.5%
- 35 active lenders including NHB refinance
- CRAR of 69.6% and gearing of 1.8x
- PAT for H1-FY26 stood at INR 2.1 Crores
- Credit Rating of A- (Stable) from ICRA
Satin Finserv Ltd., the MSME arm, has an AUM of INR 621 Crores
- Focusing on growing MSME book; grew by 49% YoY
- Consciously bringing down JLG BC book
- GNPA stood at 4.6%
- CRAR of 32.9% and gearing of 2.6x
- PAT for H1-FY26 stood at INR 2.4 Crores
- Credit Rating of A- (Stable) from ICRA
Satin Technologies Ltd., the technology solutions arm
- Offers an advanced Human Resource Management System (HRMS) and Loan Management Platform
- Aims to drive efficiency, scalability, and customer satisfaction through the use of technology, meeting the evolving needs of businesses in the digital age
Satin Growth Alternatives Ltd., the MSME-focused debt fund
- Women-led fund focusing on gender and ESG
- Incorporated to act as Investment Manager of Fund (AIF) under SEBI regulations
- This venture aims to provide vital debt capital to viable but underfunded micro, small and medium enterprises (MSMEs) with a strong focus on those based in rural and semi-urban India
Commenting on the performance, Dr HP Singh, Chairman cum Managing Director of Satin Creditcare Network Ltd., said, “We are pleased to share that Satin Creditcare has continued to build on its strong trajectory, delivering yet another quarter of resilient performance and consistent profitability in Q2-FY26, recording a PAT of INR 53 Crores on a consolidated basis and a robust 19%% growth YoY. Our revenue grew 21% YoY to INR 793 Crores, supported by healthy credit demand and prudent asset management. We also reported a Net Interest Income of INR 449 Crores, up 15% YoY, and maintained a Net Interest Margin of 14%, improving by 90 basis points YoY.
Our focus on operational discipline and risk management continues to yield tangible results, with profitability and asset quality metrics performing ahead of industry standards. This reinforces the strength of our diversified model and our ability to navigate an evolving environment with agility and confidence.
Our diversification strategy remains central to our long-term vision. While microfinance remains our core, we have steadily expanded into affordable housing, MSME lending, and technology-driven solutions, enabling us to serve a broader spectrum of customers and credit needs.
A key milestone this quarter is the advancement of Satin Growth Alternatives Ltd., which is designed to address the unmet financing needs of MSMEs, particularly underserved and women-led enterprises, thereby promoting inclusive growth and strengthening India’s credit ecosystem. As we look ahead, we are growing in alignment with our strategic vision and projected growth trajectory. Our focus remains on further reducing credit costs, enhancing digital and field efficiencies, and deepening customer engagement. Guided by our mission of responsible and sustainable growth, we remain committed to creating long-term value for our stakeholders and empowering communities through inclusive finance.”