Satin Creditcare Q2FY27 Results: Consolidated AUM up 31% YoY to ₹16,600 crore
- Consolidated AUM rose 31% YoY to ₹16,600 crore in Q2FY27
- Standalone GNPA improved to 1.9% from 3.5% a year earlier
- Non-MFI share of AUM increased to 20% from 15% YoY
- Cost of borrowing reduced by 55 bps to 10.28%
*this image is generated using AI for illustrative purposes only.
Satin Creditcare Network Limited reported a consolidated Assets Under Management (AUM) of approximately ₹16,600 crore for Q2FY27, marking a 31% year-on-year increase from ₹12,687 crore in the corresponding period last year. The NBFC maintained strong growth momentum despite seasonal softness, with standalone AUM reaching ~₹13,600 crore.
Disbursements remained robust, with consolidated H1FY27 volumes hitting ₹7,192 crore, a 48% YoY rise. Quarterly consolidated disbursements stood at ₹3,697 crore, up 41% YoY. The company added ~1.9 lakh new borrowers during the quarter, expanding the standalone client base to 33.3 lakhs.
Asset quality and operational metrics
The company demonstrated improved asset quality metrics alongside volume growth. Standalone Gross Non-Performing Assets (GNPA) declined to 1.9% as on September 30, 2026, a reduction of 158 basis points from 3.5% recorded a year earlier. Collection efficiency remained high, with X-Bucket efficiency at ~99.8%.
Operational expansion continued with the addition of 39 new branches, bringing the standalone network to 1,876 locations. Team strength grew 8% YoY to 16,535 employees.
| Metric | As on Sep 30, 2026 | As on Sep 30, 2025 | YoY Change |
|---|---|---|---|
| Consolidated AUM (₹ crore) | ~16,600 | 12,687 | +31% |
| Standalone AUM (₹ crore) | ~13,600 | 11,044 | +23% |
| Standalone GNPA (%) | 1.9 | 3.5 | -158 bps |
Funding and cost of borrowing
Satin Creditcare raised ₹2,628 crore in debt instruments during Q2FY27, reflecting sustained institutional confidence. The marginal cost of borrowing, excluding sub-debt, decreased by 55 basis points YoY to 10.28%. This reduction in funding costs supports margin stability amidst competitive market conditions.
What the numbers show
The divergence between rapid AUM growth and improving asset quality signals effective risk management during expansion. While consolidated AUM grew 31% YoY, standalone GNPA fell significantly, indicating that the company is scaling its book without compromising credit standards. Furthermore, the shift in non-MFI share of AUM from 15% to 20% suggests a strategic diversification away from microfinance-only exposure, potentially stabilizing revenue streams against sector-specific cyclicality.
Historical Stock Returns for Satin Creditcare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.58% | -3.93% | +3.44% | +57.40% | +54.14% | +187.96% |
How will the strategic shift toward non-MFI products impact Satin Creditcare's long-term margin profile and exposure to microfinance sector cyclicality?
Can the company sustain its 31% AUM growth trajectory while maintaining GNPA below 2% as it expands into new geographies and customer segments?
What are the implications of the 55 basis point reduction in cost of borrowing for Satin Creditcare's net interest margins in a potentially tightening liquidity environment?
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