Satin Creditcare Q2 net profit down 37% at Rs 46 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Microfinance lender Satin Creditcare Network (SCNL) reported a 37 percent decline in consolidated net profit at Rs 46.12 crore for the September quarter.

SCNL had posted a net profit of Rs 73.35 crore in the corresponding July-September period of the previous fiscal.

The micro-lender improved on its asset quality, with gross non-performing assets (NPAs) standing at 4.45 percent of the gross advances as on September 30, 2018, down from 11.08 percent in the year ago period. Net NPAs fell to 2.21 percent from 3.68 percent earlier.

Total income of the company increased to Rs 365.21 crore in the second quarter of 2018-19 from Rs 247.07 crore in the same period of 2017-18, the company said in a regulatory filing.

The gross loan portfolio for the second quarter reached Rs 6,191.4 crore, an increase of 37.8 percent from a year ago, SCNL said in a release.

The company's Chairman and Managing Director H P Singh said: "The company has sustainable liquidity where we have already raised 80 percent of the fund requirement for FY19 till date with further sanctions in pipeline. We are maintaining a strong asset liability maturity (ALM) to keep the strategic growth plans on track."

The company is building a strong loan book through its Business Correspondence partnership with IndusInd Bank, which accounts for 4 percent of the total portfolio, he said.

"At the same time, we are also diversifying into verticals such as MSME and housing finance. This will be important to enhance the quality of our portfolio in the long run," he added.

Stock of SCNL closed at Rs 208 on BSE, down 2.89 percent.