Microfinance Institution Satin Creditcare Network announced Q2FY26 results Maintained steady disbursement momentum of Rs 2,421 crore in Q2FY26, 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 >= Rs 2 lakh 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 H1FY26, 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 Rs 237 on a consolidated basis. The Company continues to maintain a healthy balance sheet liquidity of ~Rs 2,300 crore and has undrawn sanctions of ~Rs 732 crore as on 30th Sep’25. Borrowing Profile: Total borrowings stood at Rs 8,597 crore 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 Rs 293 crore. On-book provisions amounting to Rs 308 crore as on 30th Sep’25, which is 3.7% of on-book portfolio. Provisions required as per RBI is Rs 140 crore. Improvement in collection efficiency in dpd buckets has led to better PAR ratios. During H1FY26, collection against write-offs were Rs 15 crore. HP Singh, Chairman & Managing Director, Satin Creditcare Network, 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 Q2FY26, recording a PAT of Rs 53 crore on a consolidated basis and a robust 19%% growth YoY. Our revenue grew 21% YoY to Rs 793 crore, supported by healthy credit demand and prudent asset management. We also reported a Net Interest Income of Rs 449 crore, 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.” Result PDF