Satin Creditcare Q3 profit jumps fivefold to Rs 72 crore on lower provisions, growth

Microfinance company Satin Creditcare Network's third quarter consolidated net profit surged over five times at Rs 72 crore as compared with Rs 14 crore in the year-ago period, helped by lower provisions and double digit business growth.

This marked the company's 18 consecutive profitable quarters, despite the sectoral headwinds.

The lender set aside Rs 131 crore to cover bad loans during the quarter against Rs 203 crore a year earlier, in sync with lower gross non-performing assets ratio to 3.3% from 3.9%.


Pre-provision operating profit stood 5% higher at Rs 224 crore, backed by a 9% rise in total revenue at Rs 753 crore.

The group's consolidated assets under management 10% year-on-year to Rs 13341 crore.

"We would like to maintain a 10-15% advances growth in the microfinance business. We would likely have quality business rather than going overboard. This philosophy helped us to remain profitable during the past several quarters of high stress," Satin chairman HP Singh told ET.

The lender is carrying total provisions of Rs 272 crore as of December 31, 2025, representing 3.2% of the on-book portfolio, compared to RBI-mandated provisions of Rs 141 crore.