Satin Creditcare Result Second Quarter 2018

Published On: November 14th 2018 at 8:23 PM

 On consolidated basis

Satin Creditcare

o Gross loan portfolio for Q2 FY19 reaches Rs. 6191.4 cr – an increase of 37.8% YoY.
o 49 new branches were started during the quarter, taking the total number of branches to 1066 as on Sep-18.
o Revenue for H1 FY19 stands at Rs. 693.1 cr, registering 45.4% YoY growth.
o H1FY19 Profit Before Tax at Rs. 113.3 Cr, as against Loss Before Tax at Rs. 15.4 cr in H1FY18, increase of 836% YoY.
o H1 FY19 Profit After Tax at Rs. 73.6 Cr, as against Loss After Tax at Rs. 10.4 Cr in H1FY18, increase of 808% YoY.
o Demonetization woes are over, improved collection efficiency and portfolio quality, conservative estimate of ECL.
o Improved operational metrics – RoA 2.7%, RoE 18.8% & Cost to Income Ratio 54% in Q2 FY19.
o Comfortable liquidity and ALM position
o For MFI business, cashless disbursement at 96% of branches; 67% of total disbursement in Sep’18.
o Amongst the first MFIs to receive ISO 27001:2013 certification for information security.

About Satin Creditcare Network Limited

Satin Creditcare Network Limited was conceptualized and founded in 1990 by Mr. H P Singh – a qualified Chartered Accountant with over three decades of experience in retail finance industry. In around 28 years since its inception, Satin today is India’s leading MFI having started its journey with individual micro loans to urban shopkeepers. Today, the Company has an established, scalable and a sustainable business model. On a consolidated basis, Satin had an AUM of Rs. 6,191.4 Crores as on September, 2018. SCNL offers its clients a variety of loan products under the MFI segment and Business Correspondence partnership with IndusInd Bank. The company also offers a bouquet of financial products in the Non-MFI segment comprising of loans to MSMEs and business correspondent services & similar services to other financial Institutions through Taraashna Services Limited (TSL) a business correspondent company and wholly owned subsidiary of SCNL.