Financial Performance Summary

Consolidated Financial Highlights (₹ Crores)

| Metric | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |

| Assets under Management (AUM) | 15,935 | 12,499 | 27.5% | 15,174 | 5.0% |

| Disbursement | 3,495 | 2,242 | 55.9% | 4,420 | -20.9% |

| Total Revenue | 827 | 680 | 21.7% | 830 | -0.3% |

| Pre-Provision Operating Profit (PPOP) | 267 | 201 | 33.0% | 290 | -7.9% |

| Profit After Tax (PAT) | 123 | 45 | 172.0% | 162 | -24.3% |

| ROA* | 4.0% | 1.7% | +232 bps | 5.2% | -114 bps |

| ROE* | 20.4% | 8.0% | +1242 bps | 25.5% | -512 bps |

*ROA and ROE exclude management overlay of ₹36 Crores

Standalone Financial Highlights (₹ Crores)

| Metric | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |

| AUM | 13,312 | 10,956 | 21.5% | 12,853 | 3.6% |

| Disbursement | 3,008 | 2,065 | 45.6% | 3,820 | -21.3% |

| Total Revenue | 734 | 609 | 20.5% | 720 | 2.0% |

| PPOP | 258 | 189 | 36.4% | 256 | 0.7% |

| PAT | 120 | 43 | 182.3% | 137 | -12.2% |

| ROA* | 4.3% | 1.7% | +261 bps | 4.8% | -46 bps |

| ROE* | 18.5% | 6.8% | +1163 bps | 19.9% | -148 bps |

*ROA and ROE exclude management overlay of ₹36 Crores

Operational Metrics and Outreach

  • Geographic Presence: 32 States & UTs with 2,041 branches (vs 29 States & 1,599 branches in Q1 FY26)
  • Employee Strength: 18,518 employees (vs 16,454 in Q1 FY26)
  • Loan Officers: 12,511 (vs 11,239 in Q1 FY26)
  • Client Base: 34.0 lakh clients (vs 32.9 lakh in Q1 FY26)
  • Strategic Expansion: Entered Kerala in June 2026, strengthening South India presence across Tamil Nadu, Karnataka, Andhra Pradesh & Telangana

Asset Quality and Credit Metrics

  • PAR 1: Improved to 3.0% in Q1 FY27 from 3.7% in Q4 FY26 (standalone basis)
  • Collection Efficiency: 99.9% for X bucket during Q1 FY27
  • Credit Cost: Reduced by over 177 bps to 3.06% (including management overlay buffer of ₹36 Crores)
  • Credit Cost (ex-management overlay): 1.97%
  • GNPA: 2.18% (₹219 Crores), reduced from 3.74% in June 2025
  • Provision Coverage: Overall 115.07%, Stage 3 coverage ratio at 84.66% (vs 72.85% in March 2026)
  • Provisions: ₹252 Crores (2.51% of on-book portfolio) vs RBI requirement of ₹152 Crores
  • Recovery: ₹8 Crores against write-offs during Q1 FY27

Capital and Liquidity Position

  • Capital Adequacy Ratio: 26.74% as on June 30, 2026
  • Book Value per Share: ₹270 on consolidated basis
  • Liquidity: ₹2,311 Crores balance sheet liquidity
  • Undrawn Sanctions: ₹2,593 Crores as on June 30, 2026
  • Promoter Infusion: ₹100 Crores Equity Share Capital at ~17% premium to minimum issue price

Borrowing Profile (Standalone)

  • Total Borrowings: ₹10,216 Crores as of June 30, 2026
  • Debt-to-Equity Ratio: 3.15x
  • Borrowing Mix: Banks (70%), Overseas Funds (13%), DFIs (11%), NBFCs (6%)
  • Lender Base: 77 active lenders (4 added in Q1 FY27)
  • Cost of Borrowing: Reduced by 37 bps YoY to 10.52% (excluding sub-debt)

Subsidiaries Performance

Satin Housing Finance Limited

  • AUM: ₹1,263 Crores (31.40% YoY growth)
  • Customer Base: 12,412
  • Lender Base: 34 active lenders including NHB refinance
  • CRAR: 59.79%
  • Gearing Ratio: 1.79x
  • PAT: ₹1.5 Crores for Q1 FY27
  • Credit Rating: A- (Stable) from ICRA and Infomerics

Satin Finserv Limited

  • AUM: ₹1,360 Crores (133.67% YoY growth)
  • Green Finance: Disbursed 50 loans amounting to ₹294 Crores
  • CRAR: 27.08%
  • Gearing: 3.21x
  • PAT: ₹4.9 Crores for Q1 FY27
  • Credit Rating: A- (Stable) from ICRA

Satin Technologies Limited

  • Expanding enterprise technology portfolio across HRMS, Core Banking, LMS, LOS, and quantum-safe cybersecurity
  • Core Banking Solution completed development, customer UAT in progress, commercial go-live targeted for September 2026
  • QTrino Labs achieved first customer delivery milestone, completed Assessment Tool v1
  • Next-generation HRMS platform live in production with expanding customer base

Satin Growth Alternatives Limited

  • Launched first SEBI-approved Category II AIF Scheme 1 with target corpus of ₹200 Crores
  • Led by All-Women Board and investment team
  • Signed MoU with State Bank of India (SBI) to co-invest in startups
  • Focus on providing quasi debt/equity capital to underfunded startups, businesses, MSMEs in rural and semi-urban India

Management Commentary

Dr. HP Singh, Chairman cum Managing Director, stated: \"This has been our strongest opening quarter in eight years... Growth has returned, reinforcing our confidence in the sector's underlying resilience. We have consciously used this quarter to further strengthen our balance sheet rather than maximise near-term profitability. We have increased our management overlay to ₹36 crore and now carry provisions significantly above the regulatory requirement.\"