Satin Creditcare Network Limited has released the transcript of its Q3 and 9M FY26 earnings conference call, held on January 29, 2026. The call featured insights from Chairman cum Managing Director Dr. HP Singh, Group Controller Mr. Jugal Kataria, and Chief Strategy Officer Ms. Aditi Singh. During the call, management highlighted consistent performance with 18 consecutive profitable quarters, maintaining low credit costs at 3.3% and high ROA at 2.1% on a standalone basis. The company reported a consolidated AUM growth of 10% year-on-year to ₹13,341 crore and standalone AUM growth of 7% year-on-year to ₹11,482 crore. Disbursements stood at ₹8,094 crore on a consolidated basis and ₹7,382 crore on a standalone basis for the 9 months of FY26. Consolidated net interest margin was 14.25%, and standalone was 14.71%. Consolidated ROA and ROE were 2.22% and 10.82%, respectively, while standalone ROA and ROE were 2.33% and 9.57%. Profit After Tax (PAT) for the quarter stood at ₹72 crore on a consolidated level, a 404% year-on-year increase. The company also discussed its strategic diversification, including the acquisition of a 51% stake in QTrino Labs by Satin Technologies and achieving a score of 59 in the S&P Global Corporate Sustainability Assessment. Management expressed confidence in the long-term potential of the rural financial services sector, anticipating further reduction in credit costs. Guidance for FY27 suggests credit costs will be lower than the current year's target of around 4%. The company is also exploring the Credit Guarantee Fund for Micro Units (CGFMU) scheme and has implemented natural calamity insurance. Regarding subsidiaries, Satin Housing Finance Limited's AUM reached ₹1,101 crore with 26.3% YoY growth, and Satin Finserv's AUM is ₹759 crore with 58.4% YoY growth. Capital infusion of ₹50 crore was made into Satin Finserv via a rights issue. Management also addressed investor queries regarding liquidity, cost of borrowing, and subsidiary performance, emphasizing a cautious but profitable growth strategy for the microfinance segment, targeting 10-15% AUM growth. Dependence on overseas funding has increased to 15%, with all foreign currency exposure being fully hedged.
