Satin Creditcare Network Ltd's Q3FY25 Quarter Results
- 11 Feb 2025
Result Summary
- Satin Creditcare Network Ltd reported a 4.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 15.3%.
- Its expenses for the quarter were up by 2.5% QoQ and 15.2% YoY.
- The net profit decreased 68.1% QoQ and decreased 87.4% YoY.
- The earnings per share (EPS) of Satin Creditcare Network Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 687.59 | 657.46 | 596.28 | 4.6% | 15.3% |
Total Expenses | 470.09 | 458.50 | 407.95 | 2.5% | 15.2% |
Profit Before Tax | 14.95 | 61.58 | 151.18 | -75.7% | -90.1% |
Tax | 0.69 | 16.88 | 38.11 | -95.9% | -98.2% |
Profit After Tax | 14.26 | 44.69 | 113.07 | -68.1% | -87.4% |
Earnings Per Share | 1.30 | 4.10 | 11.20 | -68.3% | -88.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Satin Creditcare Network Ltd is a company primarily involved in the microfinance industry in India. Microfinance institutions provide financial services to low-income individuals or those who do not have access to typical banking services. Satin Creditcare is focused on delivering credit services to economically active poor women in rural and semi-urban areas. The company operates with a mission to empower women by providing them with the financial means to improve their quality of life. Recent developments in the microfinance sector include regulatory changes and an increasing shift towards digital platforms to enhance service delivery. However, specific developments affecting Satin Creditcare in the immediate past quarter are not provided in the data.
Revenue
In the third quarter of fiscal year 2025, Satin Creditcare Network Ltd reported a total income of ₹687.59 crores. This reflects a 4.6% increase from the previous quarter's total income of ₹657.46 crores and a substantial 15.3% rise compared to the same quarter in the previous year, where total income was ₹596.28 crores. The sequential and year-over-year growth in total income indicates a robust revenue performance for the company during this period. Such revenue figures are crucial for assessing the company's ability to expand its reach and enhance its financial services to its clientele.
Profitability
The profitability metrics for Satin Creditcare Network Ltd in Q3FY25 show a sharp decline compared to both the previous quarter and the same quarter from the previous year. The company recorded a profit before tax of ₹14.95 crores, which is significantly lower by 75.7% from the preceding quarter's ₹61.58 crores and a 90.1% decrease from ₹151.18 crores in Q3FY24. Profit after tax followed a similar declining trend, amounting to ₹14.26 crores in Q3FY25, compared to ₹44.69 crores in the previous quarter and ₹113.07 crores in the same period last year, reflecting declines of 68.1% and 87.4%, respectively. Consequently, the earnings per share dropped to ₹1.30, down from ₹4.10 in Q2FY25 and ₹11.20 in Q3FY24, showcasing reductions of 68.3% quarter-over-quarter and 88.4% year-over-year.
Operating Metrics
Analyzing the operating metrics, the total expenses for Satin Creditcare Network Ltd in Q3FY25 were ₹470.09 crores, which represents a 2.5% increase from the previous quarter's expenses of ₹458.50 crores and a 15.2% rise compared to the expenses of ₹407.95 crores in Q3FY24. The growth in expenses is consistent with the increase in total income, although the income growth outpaced expense growth on a year-over-year basis. The tax outlay for the quarter was significantly reduced to ₹0.69 crores, a sharp decline from ₹16.88 crores in the previous quarter and ₹38.11 crores in Q3FY24, corresponding to declines of 95.9% and 98.2% respectively. These metrics provide insights into the company's cost management practices and tax efficiencies, reflecting on its operational strategies during this period.
