Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Discloure Requirements) Regulations, 2015, Satin Creditcare Network Limited has informed the Exchange about Schedule of meet. Satin Creditcare Network Ltd - 539404 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Pursuant to Regulation 24(A) of SEBI (LODR), Regulations 2015, please find attached Annual Secretarial Compliance Report for the financial year 2022-23 Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Allotment
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, Satin Creditcare Network Limited has informed the Exchange regarding allotment of 1000 securities pursuant to Commercial Papers at its meeting held on May 11, 2023 Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, please find enclosed Transcript of Q4 and FY 2023 Results Earnings call of the Company held on Tuesday, May 2, 2023. Satin Creditcare Network Ltd - 539404 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 03, 2023 for Anureet HP Singh Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to the Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, Audio Recording of Earnings Call on Financial Results & Future Outlook of Satin Creditcare Network Limited Q4FY23 Quarterly & FY23 Annual Result Announced for Satin Creditcare Network Ltd.
Non-banking Financial company Satin Creditcare Network announced Q4FY23 & FY23 results: Q4FY23: PAT stood at Rs 94 crore, RoA at 4.9% & RoE at 20.3% Observed strong net customer addition of ~2 lacs Cost to Income ratio at 45% Reported highest quarterly disbursements of Rs 2,546 crore FY23: During FY23, the company did fundraising of Rs 6,846 crore from various lenders and added 7 new lenders to its portfolio Our capital base is strong with a capital adequacy ratio of 26.6% as of 31st March 2023 Up to Q4FY23, received Rs 137 crore out of Rs 225 crore of preferential allotment money via the issue of equity shares and fully convertible warrants Book value per share stood at Rs 225 The Company continues to maintain a healthy balance sheet liquidity of Rs 1,029 crore and has undrawn sanctions worth Rs 580 crore as of 31st March 2023 Total borrowings stood at Rs 5,497 crore as on 31st March 2023; Debt-to-equity ratio as of 31st March 2023 stood at 2.87x Collection efficiency for FY23 stood at 99.6% (excluding restructured portfolio) Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network, said, “The company has delivered yet another quarter and year of excellent performance while achieving good growth coupled with robust operational and financial controls and making consistent progress in asset quality, crossing milestone of Rs 9,000 crore in consolidated AUM. We represented strong business growth with our standalone AUM up by 24% YoY to Rs 7,929 crore and recorded our highest-ever profitability with PAT of Rs 94 crore for the quarter, resulting in ROA of 4.9% and ROE at 20.0%. We are optimistic about maintaining this profitability trend in the coming years. The substantial pick-up in the portfolio was driven by growth in standalone disbursement, which is up by 83% year on year and stands at Rs 7,390 crore. The consolidated disbursement stood at Rs 8,087 crore, grew by 67% YoY. We represented strong business growth with our standalone AUM up by 24% YoY to Rs 7,929 crore and recorded our highest-ever profitability with PAT of Rs 94 crore for the quarter, resulting in ROA of 4.9% and ROE at 20.0%. We are optimistic about maintaining this profitability trend in the coming years. The substantial pick-up in the portfolio was driven by growth in standalone disbursement, which is up by 83% year on year and stands at Rs 7,390 crore. The consolidated disbursement stood at Rs 8,087 crore, grew by 67% YoY. With respect to Asset Quality, we have tightened our credit evaluation criteria in order to ensure consistent portfolio quality. Our on-book Gross Non-Performing Assets as on Mar’23 stood at 3.28%, down from 8.01% as on Mar’22. Our new portfolio generated from Jul’21 onwards far exceeds the industry in asset quality, with PAR 90 of 0.3%. With a CRAR of 26.6% and balance sheet liquidity of Rs 1,029 crore as on Q4FY23, with good liquidity and capital position, our balance sheet keeps getting stronger every quarter. With our vision to diversify into secured asset classes, our Non-MFI book has grown to 12.3% as on Mar’23. Our subsidiaries are aiding us in leveraging the outreach by catering to those in need through affordable housing and retail MSME loans. Being a responsible institution, we shall continue to stay at the forefront of capitalizing on our outreach, focusing on healthy asset quality and liabilities, which will help us provide financial support to our borrowers. With our robust operating model, proven execution capabilities, strong customer relationships and robust balance sheet, we are well-positioned to demonstrate good growth in the years to come. Going ahead, we are expecting to achieve AUM growth of 25%+ and RoA of 3.5%+.” Result PDF
Satin Creditcare Network rallies 12% on 60% surge in Q4 net profit
On a 5-year basis, Satin Creditcare Network Ltd stock has underperformed the benchmark Nifty50 index by a considerable margin. The Satin Creditcare Network Ltd stock has lost 57.22 percent of its value over the last 5 years. Whereas, the benchmark Nifty50 index has given a return of 70.94 percent over the same duration.
Satin Creditcare Network Results Earnings Call for Q4FY23
Conference Call with Satin Creditcare Network Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript. Satin Creditcare Network Ltd - 539404 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 01, 2023 for Anureet HP Singh