Microfinance Institutions company Satin Creditcare Network announced Q4FY25 & FY25 results Financial Highlights: Consistency in disbursement on a QoQ basis, leading to growth in AUM of 5% QoQ & 7% YoY. The disbursement during the year surpassed FY24 levels, marking a continued upward trajectory from an already robust year for the microfinance sector. PAT for Q4FY25 stood at Rs 41 crore; reported 15 consecutive profitable quarters despite sector headwinds. Sustained PAR reversal from Nov’24 onwards; PAR 1 declined by 192 bps to 4.9% as of March 2025 from 6.8% in September 2024. Industry (NBFC-MFIs excluding Satin) PAR 1 stood at 16.9% as on Mar’25. Positive reversal in PAR 90, reflecting our success in arresting forward flows driven by strong client engagement and robust risk management. 0 dpd collection efficiency for the month of Mar’25 stood at 99.8%. Credit cost for FY25 was contained at 4.6%, within the guided range of 4.5%–5.0%. Raised Rs 7,742 crore during FY25; maintaining healthy liquidity. Successfully raised USD 100 million syndicated social term loan via External Commercial Borrowing, further diversifying our lender base. Received “SQS2” Sustainability Quality Score from Moody’s Ratings for Social Financing Framework; among the highest ratings awarded within the BFSI sector. Implemented Guardrails 2.0 effectively; cap on number of microfinance lenders to three and have aligned our internal policies and processes accordingly. Stable and competent management team; more than 9+ years of average vintage of core team in the Company Capital Adequacy and Liquidity: Our capital base is strong with a capital adequacy ratio of 25.9% as on 31 st March’25. Book Value per share at Rs 230 on a consolidated basis. The Company continues to maintain a healthy balance sheet liquidity of Rs 1,217 crore as on 31st March’25 and has undrawn sanctions worth Rs 1,243 crore as on date. Borrowing Profile: Total on-book borrowings stood at Rs 7,887 crore as on 31st March’25. Debt-to-equity ratio as on 31st March’25 stood at 2.77x. 63% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 10% and DFIs at 6% . 65% of the borrowing is on floating rate. The Company has a diversified and large lender base of 79 active lenders. Added 14 lenders in FY25 Asset Quality: On-book Gross Non-Performing Assets stood at 3.7% amounting to Rs 323 crore. HP Singh, Chairman cum Managing Director, Satin Creditcare Network, said: “Marked by resilience, recalibration and responsible growth, FY25 was a year that demanded a realignment of focus and the ability to remain steady amid the uncertainty. Despite an industry environment marked by volatility and policy transitions, Satin delivered stable performance across all key metrics, emerging as one of the top performers in the industry. This outcome is a result of our long-term, future-ready approach — rooted in sustainability, guided by vision and driven by disciplined execution. In Q4FY25, we delivered our 15th consecutive profitable quarter, recording a PAT of Rs 41 crore. For the full financial year, our standalone PAT stood at Rs 217 crore. We’re also pleased to report that our performance remained closely aligned with our stated guidance. Year-on-year AUM growth stood at 7%, while credit cost for FY25 was well-managed at 4.6% — comfortably within the guided range of 4.5% to 5.0%. FY25 was undoubtedly more challenging than the strong year we saw in FY24. So, for us to surpass our previous year’s disbursement levels is a big win. It speaks volumes about our structural strength and consistent execution. As we step into the new financial year, we do so with a sense of satisfaction, determination, thoughtful reflection, and a continued focus on long-term value creation.We move forward with confidence, staying true to our mission and optimistic about the road ahead. We will continue to build on our strengths, sharpen our strategies, and stay committed to the vision that drives us.” Result PDF
Conference Call with Satin Creditcare Network Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Finance company Satin Creditcare Network announced Q3FY25 results Financial Highlights: Consistency in disbursement on a QoQ basis, leading to growth in AUM of 3% QoQ & 10% YoY PAT for Q3FY25 stood at Rs. 31 crore; reported 14 consecutive profitable quarters despite sector headwinds PAR reversal visible from Nov’24 onwards Net fresh PAR flow is seeing a reversal; significantly reduced from 1.61% in Oct’24 to 0.45% in Jan’25 PAR 1 for Satin vs Industry stood at 6.4% vs 13.9%; Satin’s performance better than the industry PAR 1 in top 5 states for Satin vs Industry at 5.6% vs 15.3%; strong client connect is helping us in key states Collection Efficiency of X bucket stood at 99.8% during Q3FY25 Capital Adequacy and Liquidity: Our capital base is strong with a capital adequacy ratio of 27.4% as on 31 st December’24 Book Value per share at Rs. 232 on a consolidated basis The Company continues to maintain a healthy balance sheet liquidity of Rs. 1,581 crore as on 31st December’24 and has undrawn sanctions worth Rs. 1,435 crore as on date. Borrowing Profile Total on-book borrowings stood at Rs. 7,829 crore as on 31st December’24 Debt-to-equity ratio as on 31st December’24 stood at 2.8x 62% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 11% and DFIs at 7% The Company has a diversified and large lender base of 75 active lenders Asset Quality On-book Gross Non-Performing Assets stood at 3.9% amounting to Rs. 324 crore ~69% of portfolio across states has GNPA less than the national average of 3.9% We have sufficient on-book provisions amounting to Rs. 322 crore as on 31st December’24, which is 3.9% of on-book portfolio. Provisions required as per RBI is Rs. 136 crore Management Overlay on provisions of Rs. 16 crore; creating buffer for coming quarters HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said, “Resilience and adaptability have always been at the core of our journey. Over the years, we have built a business that is not only strong but also agile and responsive to changing market dynamics. Our focus has always been on ensuring financial discipline, operational efficiency and a deep commitment to inclusion at large. Our performance in Q3 & 9M FY25 reflects this approach as we achieved AUM growth of 10% YoY to Rs. 10,778 crore, against our guided range of 8% to 10%, while maintaining a disciplined credit cost of 5.0%, which continues to be one of the best in the industry. Additionally, this quarter, we registered a profit of Rs. 31 crore, further reinforcing our track record of 14 consecutive profitable quarters. The third quarter also demonstrated improvements, with a steady reversal in delinquency trends starting from November 2024 and further strengthening in December 2024 and January 2025. This momentum has contributed to both AUM growth and enhanced portfolio quality. Our PAR 1 stood at 6.4%, outperforming industry benchmarks, while PAR 1 in our top five states also remained strong, supported by our deep client connections in key regions. Moreover, collection efficiency in the X bucket stood at an impressive 99.8%, reflecting our success in arresting fresh flows through a focused recovery strategy. As we look ahead, we are confident that the momentum will only improve as our recovery strategies gain traction. With a strong focus on operational excellence and capitalizing on emerging opportunities, with certain measures being undertaken, we are poised to deliver on a long-term sustainable basis, even better numbers, setting the stage for growth and long-term success.” Result PDF