Satin Creditcare Network Limited has delivered impressive financial performance for the third quarter ended December 31, 2025, demonstrating resilience in a challenging operating environment. The microfinance institution reported consolidated profit after tax of ₹72 crore, representing a remarkable 404% year-on-year growth and marking its 18th consecutive profitable quarter.

Financial Performance Highlights

The company's consolidated financial metrics showed strong momentum across key parameters during Q3FY26:

For the nine-month period ended December 31, 2025, the company maintained steady growth with consolidated PAT of ₹170 crore compared to ₹164 crore in the corresponding period last year, reflecting a 4% increase.

Operational Expansion and Asset Quality

Satin Creditcare's operational footprint expanded significantly during the nine-month period, with the company now operating across 31 states and union territories through 1,987 branches, up from 1,535 branches in the previous year. The workforce grew to 18,240 employees, including 11,981 loan officers serving 32.7 lakh clients.

Asset quality showed notable improvement during the quarter:

Management Commentary and Strategic Vision

During the earnings call held on January 29, 2026, Dr. HP Singh, Chairman cum Managing Director, emphasized the company's commitment to long-term value creation through financial discipline and operational excellence. He highlighted that the company has maintained credit costs among the lowest at 3.30% and ROA among the highest at 2.10% on a standalone basis over the last six years.

"Our focus has always been on long-term value creation, balancing growth with responsibility and ambition with discipline. Inclusion for us is not merely a concept, it's a conviction," stated Dr. Singh during the call.

Technology Investments and Strategic Acquisitions

Satin Technologies Limited strengthened its technology capabilities by acquiring a 51% stake in QTrino Labs, an IIT-incubated cybersecurity startup specializing in post-quantum cryptography. This strategic acquisition reinforces the company's belief in innovation and preparedness for building a future-ready institution.

The company achieved a score of 59 in its first-ever S&P Global Corporate Sustainability Assessment, driven by strong human capital management, business ethics, and risk management practices.

Capital Position and Liquidity

The company maintains a robust financial foundation with strong capital adequacy and liquidity positions:

Diversified Borrowing Profile

The company's borrowing structure reflects strategic diversification across multiple funding sources:

Subsidiary Performance and Future Outlook

Satin Housing Finance Limited demonstrated strong year-on-year growth with AUM increasing 26.30% to ₹1,101 crore, while Satin Finserv reported AUM of ₹759 crore with 58.40% year-on-year growth. Both subsidiaries maintain strong capital positions with CRAR of 61.96% and 36.12% respectively.

Management expressed confidence in achieving 10% to 15% AUM growth guidance while targeting credit cost improvements from the previous year's 4.60%. The company expects to end the current year with credit costs closer to 4%, representing a 50 basis point improvement.

Satin Creditcare Network Limited has successfully completed the allotment of 3,000 non-convertible debentures worth ₹30.00 crores, as announced to the stock exchanges on January 23, 2026. The company informed both NSE and BSE about this significant fundraising initiative through its regulatory filing under SEBI regulations.

Debenture Allotment Details

The Working Committee of the Board of Directors approved the allotment during their meeting held on January 23, 2026. The debentures represent a substantial capital raising exercise for the microfinance company.

Regulatory Compliance and Documentation

The allotment follows the company's earlier intimation dated January 20, 2026, and complies with Regulations 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The debenture issuance is backed by comprehensive documentation framework.

The key documents governing this debenture issue include:

• General information document dated August 14, 2025
• Key information document dated January 20, 2026
• Private placement offer and application letter dated January 20, 2026
• Debenture trust deed dated January 22, 2026, executed with Catalyst Trusteeship Limited

Trust Structure and Management

Catalyst Trusteeship Limited has been appointed as the debenture trustee, with the trust deed executed on January 22, 2026. This arrangement ensures proper governance and protection of debenture holders' interests throughout the tenure of the instruments.

Corporate Communication

The announcement was signed by Vikas Gupta, Company Secretary and Chief Compliance Officer, and communicated to both major stock exchanges. The company maintains its corporate office in Gurugram, Haryana, while its registered office is located in New Delhi. This debenture allotment represents another step in Satin Creditcare Network Limited's capital management strategy as it continues to strengthen its financial position in the microfinance sector.