Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Pursuant to Reg. 30 of SEBI (LODR), Regulations 2015, please find attached the copy of Hon''ble NCLT approving the Scheme of Arrangement for your information. Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
pursuant to Regulation 30 of the SEBI (LODR), Regulations 2015, please find enclosed Transcript of Q3 and 9M FY 2023 Results Earnings call of the Company held on Tuesday, January 24, 2023 Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, submission of copies of Published Unaudited Consolidated Financial Results for the quarter and nine months ended December 31, 2022. 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 (LODR), Regulations 2015, Satin Creditcare Network Limited has informed the Exchange about Audio Recording of Earnings Call on Financial Results & Future Outlook. Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Investor Presentation
Satin Creditcare Network Limited has informed the Exchange about Investor Presentation under Regulation 30 of SEBI (LODR), Regulations, 2015 Q3FY23 Quarterly Result Announced for Satin Creditcare Network Ltd.
Finance firm Satin Creditcare Network announced Q3FY23 results: Q3FY23 results: Our consolidated disbursement for the quarter stood at Rs 1,880 crore as compared to Rs 1,348 crore in Q3FY22 Microfinance disbursement for the quarter stood at Rs 1,768 crore as compared to Rs 1,224 crore in Q3FY22 With our consistent approach, we have reached our highest quarterly disbursement in the last 7 quarters Our Average Ticket Size of MFI Lending for the quarter stood at Rs 43,000 Assigned Portfolio stood at Rs 1,985 crore as on Q3FY23. Restructured Book: The Company’s restructured book has reduced from Rs 1,151 crore as on Q2FY23 to Rs 200 crore as on Q3FY23; in percentage terms reduced from 21.4% to 4.2% of on-book portfolio Out of Rs 200 crore, Rs 99 crore is 0 dpd The Collection efficiency in the restructured book for Q3FY23 stood at 79.2% Capital Adequacy and Liquidity: The Company received the second tranche of ~Rs 25 crore, against conversion of Fully Convertible Warrants from Florintree Ventures LLP (entity belonging to Non-Promoter Group) Till date received Rs 125 crore out of Rs 225 crore of preferential allotment via issue of equity shares and fully convertible warrants Our capital base is strong with a capital adequacy ratio of 27.0% as on Q3FY23 up from 24.1% as on Q2FY23 The Company continues to maintain a healthy balance sheet liquidity of Rs 1,274 crore and has undrawn sanctions worth Rs 674 crore as on Q3FY23. Borrowing Profile: Total borrowings stood at Rs 5,571 crore as on Q3FY23 Debt-to-equity ratio as of Q3FY23 stood at 3.08x 69% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 7%, DFIs at 3.5% and balance from others Commenting on the performance, Mr. HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, said, “Our primary focus during Q3FY23 was to stabilize our business, have growth and profitability back on track, and achieve guided growth. We are glad to announce that our performance for the quarter has marked significant improvement in financial and operational performance coupled with consistent improvement in asset quality, which helped us achieve our quarterly PAT of Rs. 55 crore, up by 35% on YoY basis. With this strategy in place, we have been focused on building a strong business model and structure for the disbursements, which has turned out to be very fruitful. Within this quarter, we have observed a good momentum in the disbursement that stood at Rs. 1,725 crore on a standalone basis, up by 59% year on year and 10% quarter on quarter, marking our highest quarterly disbursement in the last seven quarters. Significant pick up in the disbursement led to 11% year on year growth of AUM, which now stands at Rs. 6,798 crore on standalone basis and Rs. 7,945 crore on consolidated basis. This growth is despite the write offs done in 9MFY23. If we had not done write-offs, the YoY growth would have been 20% on a standalone basis. With respect to Asset Quality, we have maintained consistent portfolio quality by tightening our credit assessment criteria. Our on-book Gross NonPerforming Assets for the quarter stood at 3.92%, down from 8.61% as on Dec’21. Our new portfolio generated from Jul’21 onwards, which constitutes 90% of our on-book MFI AUM, has PAR 1 of 0.6% and PAR 90 of 0.1%, which is very encouraging. Additionally, we are happy to announce that the Company has received the second tranche of ~Rs. 25 crore, against the conversion of Fully Convertible Warrants from Florintree Ventures LLP. This investment sends a very positive signal and provides comfort to all stakeholders. With this growth capital, we are well poised to have a comfortable capital position. Q3FY23 has been one of the foundational quarters for us, whatever we have stated as guidance with all the stakeholders over the last seven quarters, our performance has been in line with the guidance as stated, strengthening our robust growth plans and the core structure of our futuristic plans. Having attained solid ground and made a push towards achieving our goals, we are treading forward with our growth plans. Q3FY23 has been the tailwind to our various business goals and in the next quarter, we want to put a stronger emphasis on continuing growth momentum with better cost efficiency, while maintaining the asset quality.” Result PDF Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Satin Creditcare Network Limited has informed the Exchange regarding a press release dated January 23, 2023, titled "Unaudited Financial Results for the quarter and nine months ended December 31, 2022" under regulation 30 of SEBI (LODR), Regulations, 2015. Satin Creditcare Network Ltd - 539404 - Statement Of Deviation Or Variation
Pursuant to Regulation 32(1) of SEBI (LODR), Regulations, 2015, please find attached no deviation statement for the quarter ended December 31, 2022 Satin Creditcare Network Ltd - 539404 - Unaudited (Standalone & Consolidated) Financial Results For The Quarter And Nine Months Ended December 31, 2022
Pursuant to Regulation 33 & 54 of SEBI (LODR) Regulations, 2015, please find attached Unaudited (Standalone & Consolidated) Financial Results for the quarter and nine months ended December 31, 2022 along with Security Cover Certificate. Satin Creditcare Network Ltd - 539404 - Board Meeting Outcome for To Consider And Approve The Financial Results For The Quarter And Nine Month Ended December 31, 2022
Pursuant to reg. 30, 33, 52, 63 of SEBI Listing Regulations, 2015, please find attached outcome of the Board Meeting.