Satin Creditcare Network's Q1 FY 2026-27 Quarterly Results

Result Summary

• Satin Creditcare Network Ltd reported a 17.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 7.2%.
• Its expenses for the quarter were down by 36.9% QoQ and 2.9% YoY.
• The net profit decreased 24.3% QoQ and increased 172.0% YoY.
• The earnings per share (EPS) of Satin Creditcare Network Ltd stood at 11.15 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Satin Creditcare Network Ltd operates in the financial services industry, primarily focusing on microfinance. The company provides small loans to individuals, particularly women in rural and semi-urban areas, to promote financial inclusion. Microfinance institutions like Satin Creditcare play a crucial role in developing economies by providing access to credit for those who typically do not have access to traditional banking services. The company has been instrumental in empowering its clients, enabling them to engage in income-generating activities, and thus, improving their quality of life. Recent developments in the microfinance sector include regulatory changes and technological advancements aimed at improving operational efficiencies and expanding reach.

Revenue

In the first quarter of the fiscal year 2027 (Q1FY27), Satin Creditcare Network Ltd reported a total income of ₹764.75 crores. This represents a decrease of 17.1% compared to the previous quarter (Q4FY26), where the total income was ₹922.55 crores. However, on a year-over-year basis, there was an increase of 7.2% from the ₹713.27 crores reported in Q1FY26. This indicates a positive growth trajectory over the past year despite a recent decline. The fluctuations can be attributed to various factors including changes in loan disbursements, interest income, or other operating income components. The microfinance industry often experiences such variations due to seasonal demand, regulatory impacts, and economic conditions affecting borrowers' repayment capabilities.

Profitability

For Q1FY27, Satin Creditcare Network Ltd's profit before tax stood at ₹161.20 crores, marking a 24.0% decrease from the previous quarter's ₹212.16 crores. On a year-over-year basis, this figure reflects a significant rise of 177.5% from ₹58.08 crores in Q1FY26. This substantial increase over the year indicates improved profitability despite the quarter-on-quarter decline. The profit after tax for Q1FY27 was ₹122.65 crores, down by 24.3% from ₹162.04 crores in Q4FY26, but up by 172.0% from ₹45.10 crores in Q1FY26. Earnings per share followed a similar pattern, decreasing by 24.3% quarter-over-quarter to ₹11.15, but increasing by 172.0% year-over-year. These profitability metrics reflect the company's ability to manage expenses and enhance its financial performance over the annual period, despite quarterly challenges.

Operating Metrics

Total expenses for Satin Creditcare Network Ltd in Q1FY27 amounted to ₹497.44 crores, which represents a significant reduction of 36.9% from ₹788.44 crores in Q4FY26. This decrease in expenses contributed to the company's ability to maintain profitability despite the drop in income. Compared to Q1FY26, total expenses decreased by 2.9% from ₹512.31 crores, indicating effective cost management over the year. The tax expense for Q1FY27 was ₹38.55 crores, showing a decrease of 23.1% from the previous quarter's ₹50.11 crores. Year-over-year, the tax expense increased by 197.0% from ₹12.98 crores in Q1FY26, reflecting the higher profitability. These operating metrics demonstrate the company's focus on controlling costs and optimizing tax liabilities while navigating the dynamic economic environment of the microfinance sector.