Side-by-side earnings comparison across verified financials, AI summaries, management guidance, risks, quotes, and accountability signals.
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.
Read Satin Creditcare Network analysis →Anand Rathi Wealth delivered a strong Q4 FY26 with revenue of ₹302 crore (+25% YoY) and PAT of ₹92 crore (+25% YoY), marking the 18th consecutive quarter of >20% PAT growth.
Read Anand Rathi Wealth analysis →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.
Anand Rathi Wealth delivered a strong Q4 FY26 with revenue of ₹302 crore (+25% YoY) and PAT of ₹92 crore (+25% YoY), marking the 18th consecutive quarter of >20% PAT growth. Full-year revenue reached ₹1,198 crore (+22% YoY) and PAT ₹386 crore (+28% YoY), beating the guided ₹375 crore. AUM crossed ₹1 lakh crore post-quarter end, a key milestone. Management guided FY27 revenue of ₹1,415 crore, PAT of ₹460 crore, and AUM of ₹1.2 lakh crore, implying ~19% PAT growth—conservative versus historical 20-25% range. Net inflows grew only 7% YoY to ₹13,457 crore, reflecting market headwinds, but client attrition remained low at 0.54% AUM lost. Key risk: sustained market weakness could pressure net inflows and AUM growth, impacting revenue visibility.
Crossed ₹15,000 Cr milestone; driven by disbursement growth and sector recovery.
Improved from ~4.8% in FY25; reflects strong collections and underwriting.
Improved from 4.6% in FY25; Q4 credit cost further improved to 2.5%.
Targeting 30% by 2030; housing and MSME finance growing at 36% and 66% CAGR respectively.
AUM crossed ₹1 lakh crore post-quarter, up from ~₹82,000 Cr in FY25.
Net addition of 1,600 client families in wealth management segment.
AUM lost to attrition was 0.54% for FY26, consistent with prior year.
Full-year net inflows grew 7% to ₹13,457 crore, impacted by market volatility.
Expects standalone AUM to reach ₹14,800-15,100 Cr by March 2027, driven by branch expansion and sector tailwinds.
Management guidance growthAims to reduce credit cost further from 3.8% in FY26, supported by improving asset quality and underwriting.
Management guidance marginsRevised upward from ₹25,000 Cr, reflecting strong growth in non-MFI businesses and core microfinance.
Management guidance growthSubsidiaries in housing, MSME, and tech are expected to drive diversification and improve ROA.
Management guidance expansionManagement guided FY27 revenue at ₹1,415 crore, implying ~18% growth over FY26's ₹1,198 crore.
Management guidance revenuePAT guidance for FY27 is ₹460 crore, representing ~19% growth over FY26's ₹386 crore, excluding ESOP and fair value items.
Management guidance growthAUM target for FY27 is ₹1.2 lakh crore, up from ~₹1 lakh crore achieved post-Q4.
Management guidance growthBoard approved 1:1 bonus share issuance and final dividend of ₹7 per share, subject to shareholder approval.
Management guidance otherRising fuel prices and inflation could squeeze household incomes, potentially affecting loan demand and asset quality.
medium · analyst_questionPast RBI commentary on microfinance interest rates could resurface, especially if political pressure builds.
medium · analyst_questionForeign currency borrowings and hedging create quarterly swings in treasury income and finance costs, though neutral over time.
low · data_observationA ₹39.3 crore ESOP charge was booked in Q4, concentrated among KMPs. Future charges could impact reported PAT if market price rises further.
medium · analyst_questionNet inflows grew only 7% in FY26, and management acknowledged this is not a strong number. Sustained market weakness could further pressure inflows.
high · management_commentaryNew SEBI total expense ratio (TER) structure may compress distributor payouts. Management downplayed impact as 2-4 bps, but it remains a headwind.
medium · analyst_questionMutual fund distribution revenue constitutes ~41% of total revenue. Any regulatory or competitive pressure on trail commissions could affect margins.
medium · data_observationThe 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.
We will try and deliver market agnostic performance which seems difficult in a financial services firm but actually it's reasonably easy in our judgment.
We are not a pharmacy. Pharmacies have medicines, generic medicines published by on the counter of any pharma company. We first decide what will we buy and only sell that which is mathematically correct.
