Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹3,161 Cr
verified against source
Revenue YoY
23%
reported change
EBITDA
Pending
latest reported figure
Source
screener in partial
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Satin Creditcare delivered a standout Q4 FY26, with consolidated PAT surging 640% YoY to ₹330 Cr, driven by sharp credit cost reduction (FY26: 3.8%, Q4: 2.5%) and strong AUM growth of 19% to ₹15,174 Cr. The microfinance sector is healing, and Satin is leading with best-in-class asset quality: standalone GNPA at 3.1% and X-bucket collection efficiency of 99.9%. Management guided standalone AUM growth of 15-20% for FY27 and credit cost of 3-3.5%, while raising the 2030 consolidated AUM target to ₹32,000 Cr (from ₹25,000 Cr). Non-MFI businesses (17% of AUM) are gaining traction, with housing and MSME finance growing rapidly. Key risk: any resurgence of geopolitical or inflation-driven stress could pressure rural demand and asset quality.
Colored figures show movement against the previous available record.
Guidance to track
- Expects standalone AUM to reach ₹14,800-15,100 Cr by March 2027, driven by branch expansion and sector tailwinds.
- Aims to reduce credit cost further from 3.8% in FY26, supported by improving asset quality and underwriting.
- Revised upward from ₹25,000 Cr, reflecting strong growth in non-MFI businesses and core microfinance.
- Subsidiaries in housing, MSME, and tech are expected to drive diversification and improve ROA.
Risks flagged
- Rising fuel prices and inflation could squeeze household incomes, potentially affecting loan demand and asset quality.
- Past RBI commentary on microfinance interest rates could resurface, especially if political pressure builds.
- Foreign currency borrowings and hedging create quarterly swings in treasury income and finance costs, though neutral over time.
Key quotes
- The numbers speak well, but what I find more meaningful is what they represent. The outcome of our long-term commitment to quality, discipline, and responsible growth built over 35 years and now clearly visible in our performance.
- Our sourcing to disbursement ratio of 39% reflects genuine selectivity.
- What FY26 ultimately tells us is simple: discipline at the ground level, clarity at the strategy level and patience at the management and board level. This combination wins every single time.
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