Satin Creditcare Profit Soars Over 3x

Satin Creditcare Network has reported its most profitable quarter to date, marking a significant financial achievement in Q2 FY27. The company's net profit more than tripled compared to the same period last year, reaching ₹172 crore. This substantial growth was underpinned by an 18.5% rise in net interest income, which totaled ₹375 crore for the quarter.

In the first half of FY27, Satin Creditcare's consolidated profit reached ₹299 crore, nearing its entire FY26 annual profit within just six months. This performance was bolstered by improved asset quality. The on-book gross non-performing asset (GNPA) ratio decreased to 1.94% by the end of September 2026.

Furthermore, credit costs saw a notable reduction, declining by 236 basis points year-on-year. Collection efficiency remained exceptionally high at 99.8%. The company maintained robust provisioning and a management overlay for potential credit stress, enhancing its financial resilience.

Financially, Satin Creditcare raised approximately ₹2,630 crore through diverse debt instruments. Its borrowing costs eased, and the capital position remained strong with a capital adequacy ratio of 27.89%. The company also reported substantial liquidity, ensuring operational stability.