Satin Creditcare profit jumps on lower bad loan provisions

Microfinance lender Satin Creditcare Network reported an over seven-fold jump in fourth quarter consolidated net profit at Rs 162 crore as compared with Rs 22 crore in the year ago period, backed by business expansion and improvement in asset quality.

Its provision to cover bad loans stood lower at Rs 78 crore for the quarter under review against Rs 110 crore earlier. The pre-provision operating profit was at Rs 291 crore, reflecting a 127% surge over Rs 128 crore.

The annual consolidated net profit stood at 332 crore, up 79% over Rs 186 crore in FY25.


The group's assets under management rose 19% year-on-year to Rs 15174 crore at the end of March. Satin has an MSME-focused lending subsidiary -- Satin Finserv, a technology subsidiary -- Satin Technologies and an alternative asset management platform.

On standalone basis, Satin Creditcare Network is the fourth largest in the NBFC-MFI space having AUM of Rs 12853 crore, which grew 14% year-on-year. The standaIone net profit was at Rs 137 crore for the fourth quarter against Rs 41 crore in the year ago period. The gross non-performing assets ratio declined to 3.1% from 3.8% a year prior.