Satin Creditcare Network Ltd - 539404 - Board Meeting Intimation for Raising Of Funds Through Private Placement Of Non-Convertible Debentures
Satin Creditcare Network Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2024 ,inter alia, to consider and approve the fund raising proposal by way of issuance of listed/unlisted, secured/unsecured, non-convertible debentures on private placement basis. Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Allotment
Intimation for Allotment of 7,000 NCDs of face value of INR 1,00,000/- each aggregating to INR 70 Cr. at its meeting held on May 2, 2024. Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Investor Meet - Audio Call Recording Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Announcement under regulation 30 of SEBI (LODR) Regulations, 2015 - Newspaper Publication
Satin Creditcare Network Results Earnings Call for Q4FY24
Conference Call with Satin Creditcare Network Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript. Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Investor Presentation
Announcement under regulation 30 of SEBI (LODR) Regulations, 2015 - Investor Presentation FY24 Annual Result Announced for Satin Creditcare Network Ltd.
Finance company Satin Creditcare Network announced FY24 results: Financial Highlights: Consolidated: • Robust client addition of 6.3 Lakhs; client base reached 34.7 Lakhs • Disbursed > Rs 10,000 crore during the year; highest ever yearly disbursement • Highest ever profitability; PAT of Rs 436 crore • Healthy mix of Secured and Unsecured asset classes; 12% secured and 88% unsecured • Raised Rs 9,969 crore through various instruments • Reduction in Opex ratios with operating efficiencies playing out; Opex to Avg AUM at 5.8% vs 6.3% in FY23 and Cost to Income at 45.4% as compared to 56.5% in FY23 Standalone: • Forayed into 2 new states, Andhra Pradesh and Telangana, during the year; most diversified amongst the peers with a presence in 26 states & UTs • Robust client addition of 7.8 Lakhs; client base reached 33.4 Lakhs • Highest ever profitability; PAT of Rs 423 crore; up by 60% • Consistent Collection Efficiency; stood at 98.5% • Improvement in Opex ratios with operating efficiencies playing out; Opex to Avg AUM at 5.6% vs 6.3% in FY23 and Cost to Income at 42.6% as compared to 54.3% in FY23 • Successfully completed equity infusion of Rs 250 crore via QIP • Received highest ratings; “AA” ESG Rating and Gold level certification in Client Protection Principles Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, said, “Reflecting on our performance in FY24 fills us with immense pride as we recognize the exceptional standard of excellence we have upheld across all metrics. This past year was not only about achieving milestones; it was a transformative journey where we redefined what's possible and advanced our inclusive charter with unwavering dedication. This includes surpassing the guided range of our annual performance targets on almost every parameter, robust growth in AUM that is now reaching close to Rs 12,000 crore, long-term credit rating upgrade to A (Stable) from A- (Stable) by ICRA, successful completion of equity infusion of Rs 250 crore via QIP, receiving the highest “AA” ESG rating and Gold Level certification for Client Protection Principles, being awarded with the latest standard of ISO 27001:2022 for Information Security, and raising funds close to Rs 10,000 crore. Our consolidated gross loan portfolio grew by 30% YoY to Rs 11,850 crore at the end of March 2024. We added nearly 6.3 Lakhs new borrowers, resulting in a borrower base of 34.7 Lakhs. We recorded our highest yearly disbursement of more than Rs 10,000 crore, up by 30% Y-o-Y. Our profitability touched a new milestone as we recorded a PAT of Rs 436 crore. In alignment with our mission to foster financial inclusion and uplift the underserved segments of our nation, we've opened 158 new branches on a standalone basis and forayed into two new states, Andhra Pradesh and Telangana, extending our geographical presence to 26 states and UTs. In our drive towards ensuring technological efficiency and fraud prevention, we’ve taken a smart step forward in the FY24. We have successfully implemented e-sign through IRIS, marking a significant advancement in our efforts to streamline processes and underscoring our dedication to staying ahead in an ever-evolving landscape of technology. As we embark on the next chapter of our journey, we remain optimistic about demonstrating good growth in the years to come and being at the forefront, making meaningful differences and fulfilling rural aspirations with our diversified financial services.” Result PDF Satin Creditcare Network Ltd - 539404 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Announcement under regulation 30 of SEBI (LODR) Regulations, 2015 - Press Release Satin Creditcare Network Ltd - 539404 - Board Meeting Outcome for Audited Financial Results (Standalone & Consolidated) For Quarter And Year Ended On March 31, 2024
Audited Financial Results (Standalone & Consolidated) for quarter and year ended on March 31, 2024 Satin Creditcare Network Ltd - 539404 - Audited Financial Results (Standalone & Consolidated ) For Quarter And Year Ended On March 31, 2024
Audited Financial Results (Standalone & Consolidated) For the quarter and year ended on March, 31, 2024