The shares of Satin Creditcare Network Limited closed at ₹140.62 on the NSE today, up ₹0.19 or 0.14 per cent.
Satin Creditcare Network Limited (SCNL) reported a 71 per cent decline in standalone net profit to ₹31 crore for the quarter ended December 31, 2024, compared to ₹108 crore in the same period last year. The microfinance institution, however, maintained its profitable streak for the 14th consecutive quarter.
The company’s Assets Under Management (AUM) grew 10 per cent year-on-year to ₹10,778 crore, meeting its guided range of 8-10 per cent. Total revenue increased by 15 per cent to ₹632 crore in Q3 FY25, while disbursements slightly decreased by 1 per cent to ₹2,683 crore.
The lender witnessed improvement in asset quality, with net fresh Portfolio at Risk (PAR) flow reducing from 1.61 per cent in October 2024 to 0.45 per cent in January 2025. The company’s PAR 1 stood at 6.4 per cent, performing better than the industry average of 13.9 per cent.
SCNL maintained a strong capital adequacy ratio of 27.4 per cent as of December 31, 2024, with a book value per share of ₹232 on a consolidated basis. The company’s subsidiary businesses also showed growth, with Satin Housing Finance reporting a 44 per cent increase in AUM to ₹872 crore, while Satin Finserv’s MSME portfolio grew by 50 per cent year-on-year.
