Satin Creditcare Network Shares Surge 15% Following Strong Q4 Performance
Satin Creditcare Network zooms 15%, hits 52-week high on strong Q4 show
Business StandardImage: Business Standard
Satin Creditcare Network's shares rose by 14.5% to hit a 52-week high of ₹246 after reporting a net profit of ₹162 crore for Q4FY26, a significant turnaround from a net loss of ₹22 crore last year. The company's net interest income also increased by 54% year-on-year, reflecting strong financial performance.
- 01Satin Creditcare's share price reached a 52-week high of ₹246.
- 02The company reported a net profit of ₹162 crore, up 640% year-on-year.
- 03Net interest income grew by 54% to ₹542 crore compared to the previous year.
- 04Asset under management increased to ₹15,174 crore, up from ₹12,784 crore.
- 05The company maintained a strong collection efficiency of 99.9%.
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Satin Creditcare Network, a prominent microfinance institution in India, saw its shares increase by 14.5% on the Bombay Stock Exchange (BSE), reaching a 52-week high of ₹246 following the release of its Q4FY26 financial results. The company reported a net profit of ₹162 crore, a remarkable recovery from a net loss of ₹22 crore during the same quarter last year, marking a 640% increase. Sequentially, the profit rose by 124%. Additionally, Satin Creditcare's net interest income (NII) surged 54% year-on-year to ₹542 crore, with a 19% increase quarter-on-quarter. The asset under management (AUM) also saw substantial growth, climbing to ₹15,174 crore from ₹12,784 crore in the previous year. The company's disbursement increased to ₹4,420 crore, reflecting a 37% growth from the previous quarter. The improvement in asset quality is evident with the company's portfolio at risk (PAR) dropping to 3.7% from 4.7% in the previous quarter. Chairman and Managing Director HP Singh emphasized the company's commitment to responsible growth and sustainable value creation as it enters FY27.
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The strong financial performance indicates potential growth opportunities for Satin Creditcare, which could lead to more microfinance services for the under-served communities in India.
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