Satin Creditcare Q1 FY27 Results (NSE: SATIN)
Signal: Earnings grew
The read
Q1FY27 PAT of ₹161.72 Cr (+168% YoY) marks a decisive recovery from the weak FY25, driven entirely by a collapse in impairment provisions from ₹49.33 Cr to ₹7.45 Cr, while revenue grew a steady 22%. Asset quality remains benign with GNPA at 2.18% and PCR at 84.66% — the credit cycle has turned decisively and the company has delivered the strongest quarterly profit in its history.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹764.75 Cr | 22.0% | -17.1% |
| EBIT | ₹161.2 Cr | 170.4% | |
| Net profit | ₹161.72 Cr | 168.1% | |
| EPS | ₹14.73 | 168.8% |
P&L walk
Topline grew 22% YoY to ₹76,474.53 lakh, driven by higher interest income and fee income; impairment provision dropped sharply to ₹744.80 lakh vs ₹4,932.50 lakh YoY, lifting PAT 168% YoY.
Segments
Single segment — financing activities; no subsidiary-level divergence disclosed beyond the consolidated note.
Key positives
- PAT ₹161.72 Cr (+168% YoY) — highest ever quarterly profit, surpassing even the prior Q4FY26 record.
- Impairment provision collapsed 84.9% YoY to ₹7.45 Cr from ₹49.33 Cr — credit costs normalising sharply after the FY25 spike.
- GNPA at 2.18% and PCR at 84.66% indicate strong asset quality and buffer.
Key concerns
- Revenue growth of 22% YoY is solid but decelerated vs the 49.6% growth seen in Q4FY26 (though partly due to base effect).
- Net fair value loss of ₹(56.73) Cr weighed on operating income; this is still elevated though improved sequentially.
- Debt-equity of 3.15x remains high; any further rise in borrowing costs could pressure margins.
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