The company reported highest quarterly disbursements of Rs 2,546 crore in Q4 FY23, up 57% YoY. The company's restructured book reduced from Rs 1,151 crore in September 2021 to Rs 144 crore in March 2023, which reduced from 21.4% to 2.5% of the on-book portfolio in percentage terms.

For FY23, Satin Creditcare Network's profit after tax surged by 557% to Rs 264 crore, and Net Interest Income soared 81% to Rs 1,186 crore over the previous year.

The company's total borrowings stood at Rs 5,497 crore, and the debt-to-equity ratio as of 31st March 2023 stood at 2.87x. The on-book gross non-performing assets stood at 3.28% amounting to Rs 185 crore as of 31st March 2023, compared to 8.01% as of 31st March 2022 amounting to Rs 412 crore. The collection efficiency for FY23 stood at 99.6% (excluding restructured portfolio), and the top 4 states (UP, Bihar, MP, and Punjab) comprised 55% of the company's AUM. The collection efficiency stood at 99.5% for FY23.

Satin Creditcare Network's Chairman and Managing Director, HP Singh, announced that the company achieved excellent performance and good growth, crossing a milestone of Rs. 9,000 crore in consolidated AUM.

"The company's standalone AUM increased by 24% YoY to Rs 7,929 crore, with a substantial pickup in the portfolio driven by growth in standalone disbursement. The company tightened its credit evaluation criteria to ensure consistent portfolio quality and achieved a lower gross non-performing asset ratio. Satin Creditcare Network is well-positioned to demonstrate good growth in the years to come, with expectations of AUM growth of 25%+ and RoA of 3.5%+. We opened 66 branches, added 5,000 villages and a new state to our portfolio," he added.

The company said both its subsidiaries Satin Housing Finance and Satin Finserv were profitable during FY23. Satin Housing Finance reported a 59% YoY growth in Assets Under Management (AUM), reaching Rs 505 crore. Its Gross Non-Performing Assets (GNPA) stood at 0.34%. The company has 21 active lenders and a CRAR of 45.3% with gearing of 2.3x. In FY23, the company reported a PAT of Rs 6 crore.

Satin Finserv, the company's MSME and business correspondent lending arm, has an AUM of Rs 682 crore, with a GNPA of 4.14%. The company has a CRAR of 47.0% and gearing of 1.2x. In FY23, the company reported a PAT of Rs. 6 crore.

Satin Creditcare Network is a leading microfinance institution (MFI) in the country with presence in 24 states & union territories and 95,000 villages. The company also offers a bouquet of financial products in the Non‐MFI segment, comprising of loans to MSMEs, affordable housing loans, and business correspondent services.