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 →Tata Capital delivered a strong Q4 FY26, with PAT (ex-motor finance) surging 51% YoY to ₹1,459 crore, driven by lower credit costs (0.8%) and improved asset quality (net NPA 0.5%).
Read Tata Capital 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.
Tata Capital delivered a strong Q4 FY26, with PAT (ex-motor finance) surging 51% YoY to ₹1,459 crore, driven by lower credit costs (0.8%) and improved asset quality (net NPA 0.5%). AUM grew 28% YoY (ex-motor) to ₹2.52 lakh crore, led by housing finance (29% YoY) and retail momentum. Disbursements crossed ₹50,000 crore for the first time. Management guided for FY27 AUM growth of 23-25% and expects cost of funds to decline further. The motor finance business turned profitable (₹43 crore PAT) and is expected to resume growth in H1 FY27. Key risks include geopolitical tensions (West Asia conflict) impacting MSME and CV segments, though management noted no material stress yet. The company remains on track to achieve its FY28 ROA target of 2.5-2.7%.
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.
Driven by sustained momentum across core segments, especially housing finance.
First time crossing ₹50,000 crore in a quarter, reflecting growing scale.
Improved asset quality with slippages at eight-quarter lows.
Improved 335 bps YoY, within guided range of 38-39%, driven by operating leverage.
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 expects overall AUM growth in the range of 23-25% for FY27, supported by retail and housing momentum.
Management guidance growthReiterated target of achieving ROA between 2.5% and 2.7% by FY28, driven by margin expansion and cost efficiencies.
Management guidance marginsDisbursements grew 32% sequentially in Q4; management expects AUM growth to resume from H1 FY27.
Management guidance growthManagement expects overall cost of funds in FY27 to be lower than FY26 due to repricing of liabilities.
Management guidance marginsRising 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_observationOngoing conflict could impact inflation, energy prices, and global financial conditions, potentially affecting MSME and CV segments.
medium · management_commentaryEvolving El Nino conditions remain a watch point for potential impact on food inflation and rural demand, which could affect asset quality.
medium · management_commentaryMarch saw hardening of rates due to liquidity tightness; while short-term costs eased in April, long-term costs remain elevated.
medium · analyst_questionManagement has tightened norms in certain MSME sub-segments (e.g., travel-related) due to secondary impacts from geopolitical developments.
low · management_commentaryThe 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.
Our approach on collections does not start from the stage when the bouncing happens. Our approach on collection starts before the banking happens.
We do believe that the right credit cost for us would be sub 1% and which is the guidance which we have given.
