8th May 2025: New Delhi Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404) has announced its audited financial results for the fourth quarter and financial year ended 31st March 2025.

Standalone Updates on Q4 and FY25

• Consistency in disbursement on a QoQ basis, leading to growth in AUM of 5% QoQ & 7% YoY o The disbursement during the year surpassed FY24 levels, marking a continued upward trajectory from an already robust year for the microfinance sector
• PAT for Q4 FY25 stood at INR 41 Crores; reported 15 consecutive profitable quarters despite sector headwinds
• Sustained PAR reversal from Nov’24 onwards; PAR 1 declined by 192 bps to 4.9% as of March 2025 from 6.8% in September 2024
  o Industry (NBFC-MFIs excluding Satin) PAR 1 stood at 16.9% as on Mar’25
• Positive reversal in PAR 90, reflecting our success in arresting forward flows driven by strong client engagement and robust risk management
• 0 dpd collection efficiency for the month of Mar’25 stood at 99.8%
• Credit cost for FY25 was contained at 4.6%, within the guided range of 4.5%–5.0% • Raised INR 7,742 Crores during FY25; maintaining healthy liquidity
  o Successfully raised USD 100 million syndicated social term loan via External Commercial Borrowing, further diversifying our lender base
• Received “SQS2” Sustainability Quality Score from Moody’s Ratings for Social Financing Framework; among the highest ratings awarded within the BFSI sector
• Implemented Guardrails 2.0 effectively; cap on number of microfinance lenders to three and have aligned our internal policies and processes accordingly
• Stable and competent management team; more than 9+ years of average vintage of core team in the Company

Capital Adequacy and Liquidity

• Our capital base is strong with a capital adequacy ratio of 25.9% as on 31st March’25 • Book Value per share at INR 230 on a consolidated basis
• The Company continues to maintain a healthy balance sheet liquidity of INR 1,217 Crores as on 31st March’25 and has undrawn sanctions worth INR 1,243 Crores as on date.

Borrowing Profile

• Total on-book borrowings stood at INR 7,887 Crores as on 31st March’25
• Debt-to-equity ratio as on 31st March’25 stood at 2.77x
• 63% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 10% and DFIs at 6%
• 65% of the borrowing is on floating rate
• The Company has a diversified and large lender base of 79 active lenders
  o Added 14 lenders in FY25

Asset Quality

• On-book Gross Non-Performing Assets stood at 3.7% amounting to INR 323 Crores
• We have sufficient on-book provisions amounting to INR 288 Crores as on 31st March’25, which is 3.3% of on-book portfolio. Provisions required as per RBI is INR 144 Crores • Strengthened Stage 3 Coverage Ratio; stood at 62.3% as on Mar’25 vs 60.4% as on Mar’24 • During FY25, collection against write-offs were INR 38 Crores

Subsidiaries

Satin Housing Finance Ltd., witnessed YoY growth of 22% in AUM, which stood at INR 920 Crores, having presence across 19 states with 9,021 customers

• 100% retail book
• GNPA stood at 2.8%
• 32 active lenders including NHB refinance
• CRAR of 52.2% and gearing of 2.1x
• PAT for FY25 stood at INR 4 Crores
• Credit Rating of A- (Stable) from ICRA & Infomerics

Satin Finserv Ltd., our MSME arm, has an AUM of INR 548 Crores

• Focus on growing MSME on-book portfolio; grew by 58% YoY
• PAR 90 of ~4.5% for sub INR 3.5 Lakhs ticket size loans, comprising ~98% of total MSME portfolio vs 4.9% as of Dec’24
• CRAR of 37.6% and gearing of 2.3x
• PAT for FY25 stood at INR 7.5 Crores
• Credit Rating A- (Stable) from ICRA

Satin Technologies Ltd., our technology solutions arm

• Offers an advanced Human Resource Management System (HRMS) and Loan Management Platform
• Aims to drive efficiency, scalability, and customer satisfaction through the use of technology, meeting the evolving needs of businesses in the digital age
• Within the first two months of incorporation, acquired 2 clients

Commenting on the performance, Dr. HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, said, “Marked by resilience, recalibration and responsible growth, FY25 was a year that demanded a realignment of focus and the ability to remain steady amid the uncertainty. Despite an industry environment marked by volatility and policy transitions, Satin delivered stable performance across all key metrics, emerging as one of the top performers in the industry. This outcome is a result of our long-term, future-ready approach — rooted in sustainability, guided by vision and driven by disciplined execution.

In Q4 FY25, we delivered our 15th consecutive profitable quarter, recording a PAT of INR 41 Crores. For the full financial year, our standalone PAT stood at INR 217 Crores. We’re also pleased to report that our performance remained closely aligned with our stated guidance. Year-on-year AUM growth stood at 7%, while credit cost for FY25 was well-managed at 4.6% — comfortably within the guided range of 4.5% to 5.0%.

FY25 was undoubtedly more challenging than the strong year we saw in FY24. So, for us to surpass our previous year’s disbursement levels is a big win. It speaks volumes about our structural strength and consistent execution.

As we step into the new financial year, we do so with a sense of satisfaction, determination, thoughtful reflection, and a continued focus on long-term value creation. We move forward with confidence, staying true to our mission and optimistic about the road ahead. We will continue to build on our strengths, sharpen our strategies, and stay committed to the vision that drives us.”