Satin Creditcare Network Limited — Q4 FY26

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.