Satin Creditcare Network Ltd
BSE:539404
Satin Creditcare Network Ltd
Satin Creditcare Network Ltd. engages in the provision financial services. The company is headquartered in Gurgaon, Haryana and currently employs 12,705 full-time employees. The company went IPO on 2015-08-26. The firm operates through the financing activities segment. The firm is engaged primarily in providing micro finance services to women in the rural areas of India who are enrolled as members and organized as joint liability groups (JLG). The company also offers loans to individual businesses and micro, small and medium enterprises (MSMEs), product financing for the purchase of solar lamps, as well as loans for the development of water connections and sanitation facilities. Its product portfolio includes income generating loans (IGL), MSME loans, loans for corporate institutions and micro finance companies, social impact financing of solar lamps, bicycles, water and sanitation facilities and housing finance, among others. The company is engaged in business correspondent (BC) activity with various banks/NBFC's through its wholly owned subsidiary, Taraashna Financial Services Limited.
Satin Creditcare Network Ltd. engages in the provision financial services. The company is headquartered in Gurgaon, Haryana and currently employs 12,705 full-time employees. The company went IPO on 2015-08-26. The firm operates through the financing activities segment. The firm is engaged primarily in providing micro finance services to women in the rural areas of India who are enrolled as members and organized as joint liability groups (JLG). The company also offers loans to individual businesses and micro, small and medium enterprises (MSMEs), product financing for the purchase of solar lamps, as well as loans for the development of water connections and sanitation facilities. Its product portfolio includes income generating loans (IGL), MSME loans, loans for corporate institutions and micro finance companies, social impact financing of solar lamps, bicycles, water and sanitation facilities and housing finance, among others. The company is engaged in business correspondent (BC) activity with various banks/NBFC's through its wholly owned subsidiary, Taraashna Financial Services Limited.
Sustained Profitability: Satin Creditcare delivered its 18th consecutive profitable quarter, highlighting stability and disciplined execution.
Strong Growth: Consolidated AUM grew 10% year-on-year to INR 13,341 crore, with the main business (SNL) AUM up 7% YoY.
Asset Quality: PAR90 improved to 3.3% stand-alone, and credit costs are trending down with full-year target at around 4%, down from 4.6% last year.
Profit Surge: Consolidated PAT for Q3 was INR 72 crore, up 404% YoY.
Capital & Liquidity: Capital adequacy remains robust at 24.64% CRAR, and liquidity is strong at INR 2,283 crore on the balance sheet.
Guidance Maintained: Management guided for 10–15% AUM growth in the core microfinance business and expects further improvement in credit costs.
Subsidiaries Expanding: Satin Housing Finance and Satin Finserv reported strong YoY AUM growth of 26.3% and 58.4%, respectively, though ROEs remain low due to their early growth phase.
