Satin Creditcare Network Reports Strong FY26 Growth, AUM Tops ₹15,275 Crore

Consolidated Assets Under Management (AUM) grew 19% year-on-year to ₹15,275 crore as of March 31, 2026. Disbursements for the full financial year FY26 increased by 17% year-on-year to ₹12,516 crore.

Business Update for FY26

Satin Creditcare Network Ltd has announced its business update for the financial year ended March 31, 2026, detailing significant expansion in its core operations.

Consolidated Assets Under Management (AUM) increased 19% year-on-year, reaching ₹15,275 crore by the end of FY26.

Disbursements for FY26 grew 17% year-on-year to ₹12,516 crore.

The company expanded its physical reach by adding 392 new branches during FY26, bringing its total network to 1,841 branches across India. Approximately ₹10,830 crore was raised through various debt instruments throughout the year. The provisional credit cost for FY26 was reported in the range of 3.8%-4.0%.

Business Expansion and Funding

The strong growth in AUM and disbursements, alongside an expanded branch network, shows increased market reach for Satin Creditcare Network. The company successfully raised approximately ₹10,830 crore through debt instruments, demonstrating continued access to capital markets which supports its lending operations.

Company Background

Satin Creditcare Network Ltd is a leading NBFC-MFI focused on financial inclusion. It serves women in rural and semi-urban areas using the Joint Liability Group (JLG) model.

The company has a history of strengthening its capital base through debt instruments. In August 2025, it raised ₹100 crore in subordinated debt. It also completed allotments of NCDs worth ₹25 crore in March 2026 and ₹80 crore in January 2026, and approved a ₹1 billion NCD issue in January 2026.

In FY25, Satin Creditcare reported consolidated AUM growth of approximately 8% to ₹12,784 crore. Net profit declined in FY25, with standalone PAT at ₹217 crore and consolidated PAT at ₹186 crore, due to elevated credit costs of 4.6% and on-book Gross Non-Performing Assets (GNPA) at 3.7%.

Investor Outlook

• Investors can anticipate continued focus on AUM growth and disbursement expansion.
• The expanded branch network may facilitate deeper penetration in underserved regions.
• Debt issuances suggest a stable funding pipeline to support growth.
• Investors await the audited results to compare with provisional figures.

Potential Risks

• The reported numbers are provisional and unaudited, subject to review by statutory auditors.
• Profitability can be affected by credit costs and asset quality concerns, as seen with profit declines in FY25 and a GNPA of 3.7%.

Peer Performance

Satin Creditcare operates in a competitive microfinance and NBFC sector. Peers include CreditAccess Grameen targeting 21% AUM CAGR, Aptus Value Housing Finance reporting 21% YoY AUM growth in Q3 FY26, Five-Star Business Finance aiming for 25% AUM growth in FY26, and Ujjivan Small Finance Bank with loan book growth of 26.6% YoY.

Key Metrics

• Consolidated AUM: ₹15,275 crore (19% YoY growth) as of March 31, 2026.
• Consolidated Disbursements for FY26: ₹12,516 crore (17% YoY growth).

What to Watch For

• Final audited financial results for FY26.
• Guidance on future AUM growth, disbursements, and credit cost.
• Strategy for operational efficiency with the expanded branch network.
• Updates on capital raising and debt management.
• Performance of subsidiaries, including Satin Housing Finance Ltd. and Satin Finserv Ltd.