Q1 2025 Satin Creditcare Network Ltd Earnings Call Transcript
Key Points
- Satin Creditcare Network Ltd (BOM:539404) reported a 23% year-on-year growth in AUM, reaching INR11,706 crores.
- The company achieved a consolidated net interest income growth of 38%, amounting to INR383 crores.
- Collection efficiency stood at a robust 97.9%, indicating strong operational performance.
- The company expanded its branch network by 10% year-on-year, now operating 1,447 branches.
- Satin Creditcare Network Ltd (BOM:539404) received recognition as The Dominant Microfinance of the Year and was listed among the Top 100 Companies to Work for in India 2024.
- The first quarter was challenging due to extreme heatwaves, general elections, and disruptions in agricultural sectors.
- There was a temporary increase in delinquency, with on-book GNPA standing at 2.7% of the on-book portfolio.
- Operational constraints during the general election impacted regular collections and follow-ups in delinquent buckets.
- The company observed some challenges in Odisha and Rajasthan, requiring proactive measures to manage stress.
- Operating expenses saw a sequential uptick due to investments in collection teams and branch expansions.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 conference call of Satin Creditcare Network Limited. (Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Mr. HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited. Thank you, and over to you, sir.
Thank you, Aditya. Good morning, everyone. We thank you for joining to discuss our performance during the first quarter of financial year 2024, 2025. Amidst the news of flood and heavy rainfall in few regions, I hope you and your family are safe and keeping healthy. I believe you have had the opportunity to go through our quarterly results and investor presentation.
If you have not gone through them yet, you can access them on our website or through the stock exchange.
I'll start the call with the announcement that we have released our annual integrated report for financial year '23, '24, and is available on
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