Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached outcome of Earnings call Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Satin Creditcare Network Ltd.
Non-banking financial company Satin Creditcare Network announced Q2FY24 & H1FY24 results: PAT stood at Rs 189 crore, RoA at 4.5% & RoE at 18.5%; highest ever profitability in last 5 years Observed strong net customer addition of 4.1 lakh First-cycle clients account for 49% of AUM At the time of disbursement, ~31% of clients have Satin as the only lender Collection against write-offs was ~Rs 28 crore With operational efficiencies playing out, Opex to Avg AUM has reduced to 5.8% as compared to 7.0% in H1FY23, decreased by 120 bps Cost to Income ratio stood at 45.6% Our capital base is strong with a capital adequacy ratio of 25.7% as on 30th September 2023 Book Value per Share at Rs 191 on a consolidated basis Raised ~Rs 33,000 crore in the last 6.5 years; absolutely clean repayment track record with no delay/default since inception During H1FY24, raised Rs 4,848 crore which is up by 93% as compared to H1FY23 ~76% via on-book borrowing The Company continues to maintain a healthy balance sheet liquidity of ~Rs 1,400 crore and has undrawn sanctions worth Rs 1,018 crore as of 30th September 2023 Total borrowings stood at Rs 6,816 crore as on 30th September 2023 Debt-to-equity ratio as of September 30, 2023, stood at 3.1x 64% of our borrowings are from banks, followed by overseas funds at 16%, NBFCs at 12% and DFIs at 8% The Company has a diversified and large lender base of 72 active lenders Added 9 new lenders to the portfolio Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said, “It is amazing to witness that we have embarked on our 34th year of excellence in fostering womenprenuers bolstered by sustained and robust growth momentum throughout the first half of FY23 in tandem with the thriving rural economy. As evident from our performance across all operational and financial metrics, we have observed a strong second quarter, surpassing the Rs 10,000 crore AUM and recording the highest ever profitability in the last 5 years, with PAT growing by 87% YoY to 107 crore. Underpinned by our mission to empower underserved communities at large, we had a healthy disbursement for the quarter of Rs 2,403 crore on a consolidated basis, up by 41% year on year. Additionally, we have been able to make strong net customer additions of 4.1 lakh in the H1FY24. Through harnessing our subsidiaries, we have been able to wide-reach our influence with the right approaches, offering the right solutions to the people who are in need of these solutions, and to further validate the success, both the subsidiaries are profitable. Furthermore, our inherent adherence to ESG principles and our strong compliance standards have helped us earn the ESG AA rating, the highest grade rating, and secured the Top Spot across the industry. This recognition reinforces our mission to drive positive change, not only in the financial sector but also in the communities we serve, and going forward, we will continue to champion sustainability and innovation to create lasting impact. Looking at the performance of H1FY24, we are sanguine to achieve our annual performance guidance for FY 2024 and remain steadfast in our commitment to responsible lending.” Result PDF Satin Creditcare Network Ltd - 539404 - Statement Of Deviation Or Variation As Per Regulation 32 Of SEBI (LODR), Regulations, 2015 For The Quarter Ended September 30, 2023
Pursuant to Regulation 32 of SEBI (LODR), Regulations, 2015, please find attached statement of deviation or variation for the quarter ended September 30, 2023 Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find attached Press Release Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find attached Investor Presentation Satin Creditcare Network Ltd - 539404 - Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended September 30, 2023
Pursuant to Regulations 33 & 52 of SEBI (LODR) Regulations, 2015, please find attached unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2023 Satin Creditcare Network Ltd - 539404 - Board Meeting Outcome for Considering And Approving The Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended September 30, 2023
Pursuant to Regulations 30, 33, 52 and 63 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. October 27, 2023 have, inter-alia, considered and approved the Unaudited Financial Results (Standalone & Consolidated) along with Limited Review Reports for the quarter and half year ended September 30, 2023 Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find attached press release dated October 26, 2023 Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find attached intimation of assignment of ESG Rating Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, please find attached intimation of Schedule of Earnings Call