Satin Creditcare Network Ltd · NSE:SATIN
Satin Creditcare Network — Q4 FY2025 Earnings Presentation
49 slides from Satin Creditcare Network's earnings presentation, May 7, 2025
Slide 1: Exchange intimation letter for investor presentation
May 07, 2025 To, The Manager, The Manager, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, 25th Floor, P. J. Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai-400051 Mumbai – 400001 Symbol: SATIN Scrip Code: 539404 Sub: Investor Presentation Dear Sir/Mad
Slide 2: Satin Creditcare Network Ltd Investor Presentation
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Slide 3: Snapshot - Standalone
SNAPSHOT - STANDALONE INR 11,316 Crores ~33 Lakhs 1,454 15,189 3.70% AUM Active Clients Branches Employees GNPA INR 2,377 Crores INR 736 Crores INR 217 Crores 2.07% 7.86% Total Revenue PPOP PAT ROA ROE 79 Long term rating: “A 25.85% INR 2,843 Crores Active Lenders (Stable)” by ICRA CRAR Networth Dat
Slide 4: Snapshot - Consolidated
SNAPSHOT - CONSOLIDATED INR 12,784 Crores ~34 Lakhs 1,568 16,705 AUM Active Clients Branches Employees INR 2,602 Crores INR 186 Crores 12.61% INR 754 Crores Total Revenue PAT NIM PPOP 1.69% 7.53% ROA ROE Data as on Mar’25 / FY25 unless specifically mentioned 3
Slide 5: Company Overview
COMPANY OVERVIEW AUM AND TOTAL REVENUE (INR Crores) 11,850 12,784 9,115 One of the leading NBFC-MFIs in India, established in 1990 by Dr. HP Singh 7,617 1,551 2,241 2,602 Listed on regional stock exchanges in 1996, and migrated to NSE & BSE in 1,381 2015 after regional SEs ceased to exist FY22 FY23
Slide 6: What Sets Us Apart – Thinking 5 Years Ahead
WHAT SETS US APART – THINKING 5 YEARS AHEAD PROACTIVE ACTIONS THAT SET US APART HOW WE CONTINUE TO STAY AHEAD • Built In-House Technology: Created early tech backbone to • Continuous Investment in Technology: Leveraging enable scale and control since 2017 technology for automation, monitoring, effic
Slide 7: A Strategy Defined by Vision, Built to Withstand Time
A STRATEGY DEFINED BY VISION, BUILT TO WITHSTAND TIME At Satin, our approach has always been grounded in building a future-ready and sustainable model with thinking in years, not quarters. What we’re witnessing today is not the result of short-term gains, but the culmination of decades of strategic
Slide 8: Q4-FY25/FY25 Performance
Q4-FY25/FY25 PERFORMANCE SATIN CREDITCARE NETWORK LTD. 7
Slide 9: Operational Highlights
OPERATIONAL HIGHLIGHTS • Maintained strong performance despite a challenging environment, emerging as the top performer in the industry, reflecting our forward-looking strategy and disciplined execution • AUM continued its growth trajectory with YoY growth of 7% • Asset quality showed marked improve
Slide 10: Period in Review - Standalone Highlights
PERIOD IN REVIEW- STANDALONE HIGHLIGHTS Q4-FY25 Q4-FY24 Y-o-Y FY25 FY24 Y-o-Y AUM (INR Crores) 11,316 10,593 6.8% 11,316 10,593 6.8% Disbursement (INR Crores) 2,881 2,810 2.5% 9,837 9,691 1.5% Active Clients 1.6% 32.9 33.4 1.6% 32.9 33.4 (Lakhs) Branches 1,454 1,236 17.6% 1,454 1,236 17.6 % Total Re
Slide 11: Period in Review - Standalone Financial Highlights
PERIOD IN REVIEW- STANDALONE FINANCIAL HIGHLIGHTS Q4-FY25 Q4-FY24 Q3-FY25 FY25 FY24 Gross Yield 20.34% 23.29% 23.81% 21.70% 22.14% Cost of borrowing 8.53% 9.13% 9.12% 8.67% 8.99% NIM 11.81% 14.16% 14.69% 13.03% 13.15% Operating Expense Ratio 7.24% 5.27% 6.70% 6.31% 5.60% Loan Loss Ratio 3.81% 2.33%
Slide 12: Period in Review - Consolidated Highlights
PERIOD IN REVIEW- CONSOLIDATED HIGHLIGHTS Q4-FY25 Q4-FY24 Y-o-Y FY25 FY24 Y-o-Y AUM (INR Crores) 12,784 11,850 7.9% 12,784 11,850 7.9% Disbursement (INR Crores) 3,095 3,104 0.3% 10,663 10,549 1.1% Branches 1,568 1,393 12.6 % 1,568 1,393 12.6 % Total Revenue 623 647 3.8 % 2,602 2,241 16.1 % (INR Cror
Slide 13: Period in Review - Consolidated Financial Highlights
PERIOD IN REVIEW- CONSOLIDATED FINANCIAL HIGHLIGHTS Q4-FY25 Q4-FY24 Q3-FY25 FY25 FY24 Gross Yield 19.99% 22.58% 23.04% 21.12% 21.37% Cost of borrowing 8.47% 8.79% 8.97% 8.51% 8.60% NIM 11.52% 13.78% 14.06% 12.61% 12.78% Operating Expense Ratio 7.38% 5.49% 6.88% 6.49% 5.80% Loan Loss Ratio 3.55% 2.33
Slide 14: One-Stop Diversified Financial Services Provider Serving Rural India
ONE-STOP DIVERSIFIED FINANCIAL SERVICES PROVIDER SERVING RURAL INDIA Satin Creditcare Network Ltd MSME Arm Satin Technology Affordable Housing Satin Housing Finance Limited: Satin Finserv Limited: Satin Technologies Limited: 100% Subsidiaries • AUM of INR 920 Crores; 22% YoY • On-book AUM increased
Slide 15: Business Details
BUSINESS DETAILS Particulars Q4FY25 Q4FY24 YoY% Q3FY25 QoQ% AUM (INR crores) 12,784 11,850 7.9% 12,128 5.4% SCNL 11,316 10,593 10,778 On-book AUM 8,722 7,931 8,274 Assignment 2,329 2,662 2,503 Business Correspondence 1 0 1 SHFL 920(1) 756 872 SFL 548 501 479 Retail MSME 516 326 445 AUM Mix (INR cror
Slide 16: Standalone Performance
STANDALONE PERFORMANCE SATIN CREDITCARE NETWORK LTD. 15
Slide 17: Quarterly Progress (1/3)
QUARTERLY PROGRESS (1/3) AUM (INR CRORES) DISBURSEMENT (INR CRORES) TOTAL INCOME (INR CRORES) 11,316 632 2,810 2,881 601 2,683 594 10,778 2,275 10,593 582 10,485 10,463 1,997 562 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 N
Slide 18: Quarterly Progress (2/3)
QUARTERLY PROGRESS (2/3) BRANCHES EMPLOYEES NEW CLIENTS ADDED (LAKHS) 3.4 1,454 15,451 15,189 1,421 15,153 2.5 1,361 11,363 12,997 2.3 1,301 1.6 1.9 1,236 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 AUM / BRANCH (INR CRORES)
Slide 19: Quarterly Progress (3/3)
QUARTERLY PROGRESS (3/3) MARGIN ANALYSIS (%) CREDIT COST (%) 23.29% 23.81% 7.35% 22.09% 22.95% 20.34% 5.11% 14.16% 13.38% 13.68% 14.69% 11.81% 3.81% 2.33% 2.63% 9.13% 8.71% 9.27% 9.12% 8.53% Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Q4-FY24 Q1-FY25 Q2-FY25 Q3-FY25 Q4-FY25 Gross Yield Financial Cost NI
Slide 20: Asset Quality and Provisions
ASSET QUALITY AND PROVISIONS PAR TREND NNPA & COVERAGE RATIO 6.8% Overall 6.4% Coverage 83.0% 91.4% 99.2% 99.2% 89.2% Ratio 5.7% 3.9% 3.7% 5.2% 3.5% 4.9% 4.6% 4.9% 2.7% 4.6% 2.5% 2.4% 4.3% 4.2% 2.2% 2.3% 3.5% 3.7% 1.7% 1.5% 1.4% 1.5% 1.4% 3.9% 1.1% 3.2% 3.1% 3.5% 3.7% 1.0% 2.8% 2.5% 2.7% Q4-FY24 Q1-
Slide 21: State Wise Performance
STATE WISE PERFORMANCE On-book % of CE % Particulars Portfolio On-book PAR 1 PAR 90 FY25 (INR Crores) Portfolio Uttar Pradesh 2,230 25.6% 96.6% 4.4% 3.3% • PAR 90 for top 4 states constituting ~61% of on-book portfolio is 3.3%; Top 4 States Bihar 1,222 14.0% 96.2% 6.6% 4.9% which is below the nation
Slide 22: Guidance vs Performance
GUIDANCE VS PERFORMANCE Guidance FY25 Actual FY25 AUM Growth AUM Growth 8% - 10% 6.8% Credit Cost Credit Cost 4.5% - 5.0% 4.6% On a standalone basis 21
Slide 23: Financial Overview
FINANCIAL OVERVIEW SATIN CREDITCARE NETWORK LTD. 22
Slide 24: Standalone Income Statement
STANDALONE INCOME STATEMENT Income Statement ( INR Crores) Q4-FY25 Q4-FY24 Y-o-Y Q3-FY25 Q-o-Q FY25 FY24 Y-o-Y Interest Income 512 467 488 2,022 1,670 Less: Finance Cost 236 233 242 950 833 Other Income 49 127 145 355 380 Net Interest Income 326 361 (9.7)% 390 (16.4)% 1,427 1218 17.2% Operating Expe
Slide 25: Historical Standalone Income Statement
HISTORICAL STANDALONE INCOME STATEMENT Income Statement ( INR Crores) FY22 FY23 FY24 FY25 Interest Income 1,109 1,114 1,670 2,022 Less: Finance Cost 606 576 833 950 Other Income 153 640 380 355 Net Interest Income 656 1,177 1,218 1,427 Operating Expenses 425 448 519 691 Credit Cost 172 388 133 503 P
Slide 26: Standalone Performance (1/2)
STANDALONE PERFORMANCE (1/2) AUM (INR CRORES) DISBURSEMENT (INR CRORES) 11,316 10,593 9,691 9,837 7,929 7,390 6,409 4,031 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 OPEX TO AVG AUM (%) COST TO INCOME RATIO (%) 6.3% 6.3% 64.8% 6.2% 54.3% 48.4% 42.6% 5.6% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 25
Slide 27: Standalone Performance (2/2)
STANDALONE PERFORMANCE (2/2) TOTAL INCOME (INR CRORES) PAT (INR CRORES) 2,377 423 2,051 1,753 1,262 264 217 40 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 NII (INR CRORES) & NIM (%) NET WORTH (INR CRORES) 1,427 1,218 2,843 1,177 2,667 1,914 1,606 656 13.2% 13.0% 9.58% 11.5% FY22 FY23 FY24 FY25 FY22 FY23
Slide 28: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Income Statement ( INR Crores) Q4-FY25 Q4-FY24 Y-o-Y Q3-FY25 Q-o-Q FY25 FY24 Y-o-Y Interest Income 569 502 539 2,210 1,795 Less: Finance Cost 264 252 268 1,049 901 Other Income 53 145 149 392 446 Net Interest Income 359 395 (9.6)% 420 (14.8)% 1,553 1,340 16.0% Operating
Slide 29: Historical Consolidated Income Statement
HISTORICAL CONSOLIDATED INCOME STATEMENT Income Statement ( INR Crores) FY22 FY23 FY24 FY25 Interest Income 1,163 1,198 1,795 2,210 Less: Finance Cost 631 617 901 1,049 Other Income 218 353 446 392 Net Interest Income 750 934 1,340 1,553 Operating Expenses 506 528 608 799 Credit Cost 210 401 149 518
Slide 30: Historical Consolidated Balance Sheet
HISTORICAL CONSOLIDATED BALANCE SHEET Particulars (INR Crores) FY22 FY23 FY24 FY25 Financial Assets Cash and Cash Equivalents 1,091 258 424 729 Bank Balance other than cash and cash equivalents 911 857 847 646 Loans 5,308 6,329 8,908 9,844 Investments & Derivative financial instruments 60 84 69 70 T
Slide 31: Consolidated Performance (1/2)
CONSOLIDATED PERFORMANCE (1/2) AUM (INR CRORES) DISBURSEMENT (INR CRORES) 12,784 10,549 10,663 11,850 8,087 9,115 7,617 4,856 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 OPEX TO AVG AUM (%) COST TO INCOME RATIO (%) 6.5% 67.4% 56.5% 6.3% 6.3% 51.5% 45.4% 5.8% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 30
Slide 32: Consolidated Performance (2/2)
CONSOLIDATED PERFORMANCE (2/2) TOTAL INCOME (INR CRORES) PAT (INR CRORES) 2,602 436 2,241 1,551 1,381 186 21 5 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 NII (INR CRORES) & NIM (%) NET WORTH (INR CRORES) 2,401 2,543 1,553 1,340 1,582 1,628 934 750 12.8% 12.6% 11.2% 9.38% FY22 FY23 FY24 FY25 FY22 FY23 F
Slide 33: Company Overview
COMPANY OVERVIEW SATIN CREDITCARE NETWORK LTD. 32
Slide 34: Accomplished and Experienced Board of Directors
ACCOMPLISHED AND EXPERIENCED BOARD OF DIRECTORS Dr. HP Singh Mr. Satvinder Singh Mr. Anil Kaul Mr. Joydeep Datta Gupta Ms. Jyoti Davar Mr. Anil Kumar Kalra Chairman Non-Independent Director Independent Director Independent Director Independent Director Independent Director Law Graduate and fellow Ve
Slide 35: Strong Management Team
STRONG MANAGEMENT TEAM Dr. HP Singh Jugal Kataria Aditi Singh Anil Kwatra Sunil Yadav CMD Group Controller Chief Strategy Officer Chief Business Officer Chief Information Officer Manoj Agrawal Vikas Wadhera Dhiraj Jha Amit Sharma Rupinder Kalia Chief Financial Officer Chief Risk Officer CEO - SFL MD
Slide 36: Diversified Product Offerings
DIVERSIFIED PRODUCT OFFERINGS Satin Creditcare Network Limited Satin Housing Finance Limited Satin Finserv Limited Product features Microfinance(1) Housing Finance MSME as of Mar’25 Start Date May’08 (JLG) Feb’18 Mar’19 Unsecured micro-loans to economically Affordable housing solutions for Working c
Slide 37: Microfinance Solutions
MICROFINANCE SOLUTIONS MEETING CUSTOMERS WHERE THEY ARE—WITH WHAT THEY NEED Income Generation Loan Product Financing Long Term Loan WASH Loan Madhya Vriddhi Loan (Prarambh) (Vriddhi) Ticket Size : Ticket Size : Ticket Size : Ticket Size : Ticket Size : INR 10,000 – INR 45,000 INR 2,000 – INR 52,000
Slide 38: Diversified Geographical Presence
DIVERSIFIED GEOGRAPHICAL PRESENCE DISTRICTS, STATES AND BRANCHES PRESENCE ACROSS 29 STATES AND UTs 1,224 1,286 1,393 1,568 29 24 26 No. of 23 Branches 404 405 421 529 FY22 FY23 FY24 FY25 No. of Regional Districts States Branches Offices CLIENTS (LAKHS) 28.1 28.3 34.7 33.6 1.3 0.8 3.6 2.7 No. of Dist
Slide 39: Built on a Strong & Balanced Funding Base
BUILT ON A STRONG & BALANCED FUNDING BASE PRODUCT WISE MAR’25 LENDER WISE MAR’25 LARGE LENDER BASE 79 Active Lenders 0.6% Top 10 Lending Partners % Share 10.9% Term loan & PTC 6.4% Banks 10.0% Bank of Maharashtra 10% DA Overseas fund 17.5% Bank of Baroda 9% 48.6% NCD 20.5% NBFC State Bank of India 9
Slide 40: Built-in Liquidity Buffer Through Prudent ALM Management
BUILT-IN LIQUIDITY BUFFER THROUGH PRUDENT ALM MANAGEMENT Benefit of Positive ALM Continues 27.7 27.0 25.9 24.3 • Maintained a sustained positive ALM gap. This enhances the 16.0 18.2 17.8 17.1 company’s liquidity profile and significantly mitigates refinancing risk • The company is well-positioned to
Slide 41: Operational Capabilities Backed by Robust Processes
OPERATIONAL CAPABILITIES BACKED BY ROBUST PROCESSES LOAN LIFE CYCLE KEY INITIATIVES BENEFITS Digitized Onboarding Detailed HHI assessment • Better Portfolio Quality Onboarding OTP validations at client onboarding Geo tagging at every touch point in as compared to Industry & disbursement level the on
Slide 42: Tech-Led Evolution
TECH-LED EVOLUTION ENHANCING EFFICIENCY AND DEEPENING CUSTOMER ENGAGEMENT In-house robust technology team E-Sign of Loan Documents through IRIS and Fingerprint • A unified, in-house built SATIN-ERP platform for LOS and LMS • Secured and Instant verification • Enhanced security and authentication Hyb
Slide 43: Satin's Competitive Edge
SATIN’S COMPETITIVE EDGE Leading MFI Strong & Diversified State of the Art Strong Well-diversified Positive ALM Successfully Player With Experienced Geographical Technology Underwriting Liability Profile with Ample Navigated Crisis Diversified Leadership Reach backed by Capability Liquidity During L
Slide 44: ESG - Being a Responsible Financial Institution
ESG - BEING A RESPONSIBLE FINANCIAL INSTITUTION ENVIRONMENTAL SOCIAL GOVERNANCE • Satin’s headquarters – a green building – is • Our strength lies in our ground level • Board comprises of 6 members; 4 adorned with solar panels and innovative knowledge and the strong bond that we have Independent dir
Slide 45: Community Connect Activities Centered Around SDGs
COMMUNITY CONNECT ACTIVITIES CENTERED AROUND SDGS ENRICHING THE GROWTH OF FINANCIAL LITERACY WORKSHOPS FLOOD RELIEF CAMPS HEALTH CAMPS STUDENTS AT GNA UNIVERSITY WITH MFIN AND SA-DHAN This financial year, we continued In collaboration with the RBI and Supported our clients affected by In association
Slide 46: Awards and Accolades
AWARDS AND ACCOLADES Honoured with the Recognized among 'Microfinance Organisation of the ‘Top 25 Best the Year 2024 Award’ – Large Workplaces in BFSI Category at the Global 2025’ by GPTW, Inclusive Finance Summit India 2024, organized by Access Development Services Ranked 12th globally and secured
Slide 47: Capital Market Data
CAPITAL MARKET DATA SHAREHOLDING PATTERN AS ON 31ST MARCH, 2025 Price Data INR Face Value 10.0 Promoter , Market Price 163.0 36.2% Florintree 52 Week H/L 264.2/131.8 Ventures LLP, 11.1% Market Cap(Crores) 1,801.0 DII, 6.3% Equity Shares Outstanding (Crores) 11.1 FII, 4.5% Public, 1 Year Avg Trading
Slide 48: Glossary
GLOSSARY 1. Gross Yield represents the ratio of total Income in the relevant period to the Average AUM 2. Financial Cost Ratio represents the ratio of Interest Expense in the relevant period to the Average AUM 3. Net Interest Margin represents the difference between the Gross Yield and the Financial
Slide 49: Disclaimer
DISCLAIMER Satin Creditcare Network Limited: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Satin Creditcare Network Limited (the “Company”), have been prepared solely for information purposes and do not constitute and should not be construed as, any
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