11th February 2025, New Delhi

Satin Creditcare Network Limited (SCNL) (NSE: SATIN, BSE: 539404) has announced its unaudited financial results for the third quarter and nine months ended 31st December 2024. The financial numbers are based on IndAS.

Consolidated Highlights

Footprints and Outreach

Standalone Highlights

Update on Q3 and 9M FY25

• Consistency in disbursement on a QoQ basis, leading to growth in AUM of 3% QoQ & 10% YoY
• PAT for Q3 FY25 stood at Rs. 31 crore; reported 14 consecutive profitable quarters despite sector headwinds
• PAR reversal visible from Nov’24 onwards

• 1. Net fresh PAR flow is seeing a reversal; significantly reduced from 1.61% in Oct’24 to 0.45% in Jan’25

• 1. PAR 1 for Satin vs Industry stood at 6.4% vs 13.9%; Satin’s performance better than the industry

• 1. PAR 1 in top 5 states for Satin vs Industry at 5.6% vs 15.3%; strong client connect is helping us in key states

• Collection Efficiency of X bucket stood at 99.8% during Q3 FY25
• Credit cost for 9M FY25 stood at 5.0% (annualized); within the guided range
• Raised Rs. 6,216 crore during 9M FY25 at group level; maintaining healthy liquidity
• Stable and competent management team; more than 9+ years of vintage of core team in the company

Capital Adequacy and Liquidity

• Our capital base is strong with a capital adequacy ratio of 27.4% as on 31^st December’24
• Book Value per share at Rs. 232 on a consolidated basis
• The Company continues to maintain a healthy balance sheet liquidity of Rs. 1,581 crore as on 31^st December’24 and has undrawn sanctions worth Rs. 1,435 crore as on date

Borrowing Profile

• Total on-book borrowings stood at Rs. 7,829 crore as on 31st December’24
• Debt-to-equity ratio as on 31st December’24 stood at 2.8x
• 62% of our borrowings are from banks, followed by overseas funds at 20%, NBFCs at 11% and DFIs at 7%
• The Company has a diversified and large lender base of 75 active lenders

Asset Quality

• On-book Gross Non-Performing Assets stood at 3.9% amounting to Rs. 324 crore

• 1. ~69% of portfolio across states has GNPA less than the national average of 3.9%

• We have sufficient on-book provisions amounting to Rs. 322 crore as on 31^st December’24, which is 3.9% of on-book portfolio. Provisions required as per RBI is Rs. 136 crore

• 1. Management Overlay on provisions of Rs. 16 crore; creating buffer for coming quarters

• During 9M FY25, collection against write-offs were Rs. 27 crore
• Collection efficiency for 9M FY25 stood at 96%

Subsidiaries  

Satin Housing Finance Ltd., witnessed YoY growth of 44% in AUM, which stood at Rs. 872 crore, having presence across 19 states with 8,464 customers

• 100% retail book
• GNPA stood at 1.7%
• 31 active lenders including NHB refinance
• CRAR of 59.6% and gearing of 1.9x
• PAT for 9M FY25 stood at Rs. 2 crore
• Credit Rating of A- (Stable) from ICRA & Infomerics

Satin Finserv Ltd., our MSME arm, has an AUM of Rs. 479 crore

• Focus on growing MSME on-book portfolio; grew by 50% YoY
• Consciously bringing down JLG BC book
• PAR 90 of ~ 4.94% for sub Rs. 3.5 Lacs ticket size loans, comprising ~98% of total MSME portfolio

• 1. The GNPA is elevated as we cater to the microfinance graduated clients and currently, the microfinance sector is facing headwinds

• CRAR of 40.2% and gearing of 1.8x
• PAT for 9M FY25 stood at Rs. 5.2 crore
• Credit Rating A- (Stable) from ICRA

Commenting on the performance, Dr. HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, said, “Resilience and adaptability have always been at the core of our journey. Over the years, we have built a business that is not only strong but also agile and responsive to changing market dynamics. Our focus has always been on ensuring financial discipline, operational efficiency and a deep commitment to inclusion at large.

Our performance in Q3 & 9M FY25 reflects this approach as we achieved AUM growth of 10% YoY to Rs. 10,778 crore, against our guided range of 8% to 10%, while maintaining a disciplined credit cost of 5.0%, which continues to be one of the best in the industry. Additionally, this quarter, we registered a profit of Rs. 31 crore, further reinforcing our track record of 14 consecutive profitable quarters. The third quarter also demonstrated improvements, with a steady reversal in delinquency trends starting from November 2024 and further strengthening in December 2024 and January 2025. This momentum has contributed to both AUM growth and enhanced portfolio quality. Our PAR 1 stood at 6.4%, outperforming industry benchmarks, while PAR 1 in our top five states also remained strong, supported by our deep client connections in key regions. Moreover, collection efficiency in the X bucket stood at an impressive 99.8%, reflecting our success in arresting fresh flows through a focused recovery strategy.

As we look ahead, we are confident that the momentum will only improve as our recovery strategies gain traction. With a strong focus on operational excellence and capitalizing on emerging opportunities, with certain measures being undertaken, we are poised to deliver on a long-term sustainable basis, even better numbers, setting the stage for growth and long-term success.”

Chennai, (11 February 2025): Blackstraw AI, an enterprise-grade AI Solutions Provider, presents the Namma Singara Chennai Challenge, a platform to bring innovative minds together to solve some of Chennai’s biggest urban challenges. Focused on safety, community engagement, and sustainability, the challenge offers a platform for individuals, startups, and organizations to submit bold, practical ideas that can make a lasting impact. Submissions are open until March 15, 2025, with exciting prizes in funding from a total prize pool of ₹50 lakhs for the top three winners, to bring their visions to life.

The challenge will unfold in three stages:

1. Share Your Vision: Submit your application and a short video detailing your solution by March 15, 2025.

2. Impress the Panel: Shortlisted candidates will participate in virtual interviews. The top 10 finalists will be announced by March 31, 2025.

3. Celebrate Your Success: Finalists will present their ideas to Chennai‘s leading changemakers on April 12, 2025, for a chance to win the grant.

This challenge is an open invitation to forward-thinkers and changemakers who are passionate about shaping a better future for Chennai. Blackstraw AI’s initiative seeks to ignite innovation and demonstrate the transformative power of AI in addressing real-world urban challenges. Open to students, researchers, tech enthusiasts, and businesses, the challenge welcomes anyone with a vision for a safer, greener, and more connected Chennai. It’s about turning bold ideas into practical, sustainable solutions that can drive meaningful change for the city and its people in the long run.

“We are thrilled to launch the Namma Singara Chennai Challenge, an initiative that aligns with our vision of empowering communities through AI,” said Atul Arya, Founder and CEO at Blackstraw.AI. “Our goal is to inspire innovative minds to come together and propose solutions that will help create a better future for Chennai. By supporting local talent, we hope to drive impactful change in the city’s urban landscape.”

As Blackstraw continues to champion AI-driven solutions for a variety of sectors, the Namma Singara Chennai Challenge represents an important step forward in fostering community-centered innovation. This challenge is designed to inspire further collaboration, helping to address urban challenges while promoting AI education and skill development.

Mumbai / Hyderabad, 10th February 2025: This Valentine’s season, Novotel Hyderabad Airport introduces the new wellness initiative – The Love Yourself Campaign. A thoughtful, designed experience focused on the power of self-love and all-around well-being, it is curated for those who seek the opportunity to rediscover self, embracing the path of self-care. While Valentine’s Day is often about celebrating love for others, this unique initiative encourages guests to embrace the most important love of all self-love.

Novotel Hyderabad Airport invites guests to indulge in serene spa indulgences, precisely curated with a focus on wellness and relaxation to soothe the senses and promote inner harmony. Clean eating options further enhance this experience, ensuring nourishment from within. Guests can also indulge in a solo retreat, providing a peaceful sanctuary for reflection, relaxation, and reconnection with oneself.

“At Novotel Hyderabad Airport, we believe that self-care is the foundation of a fulfilling life. This Valentine’s season, we want to remind everyone that love begins within. Our Love Yourself campaign is designed to create meaningful moments where guests can truly indulge in self-appreciation and well-being,” said Mr Sukhbir Singh, General Manager at Novotel Hyderabad Airport.

This campaign is a testament to the wellness commitment that Novotel Hyderabad Airport embodies, offering guests a holistic approach to relaxation and self-discovery. By joining this transformative journey, each moment becomes an opportunity to reconnect, recharge, and truly love oneself.

National, February 10, 2025: PVR INOX, India’s largest and most premium cinema chain, is adding a touch of cinematic romance to the celebrations with an exciting and interactive gamification campaign – ‘What’s Your Love Language?’ This initiative is designed to engage moviegoers in a fun and insightful way, helping them discover their unique love language through the lens of movies. The campaign will run from 7th February, 2025 – 16th February, 2025.

With this engaging game, participants will answer five love and movie-themed questions to determine their love language. To make the experience even more filmy, they will also discover which iconic movie character embodies their love language, making the results both fun and relatable.

To participate, audience can scan the QR code or click the provided link to start the online game where they need to answer five situation-based questions to uncover their love language and also get the opportunity to share the results with loved ones on social networks, sparking engaging conversations about love and cinema.

“Valentine’s Day is all about celebrating love in its many forms, and at PVR INOX, we believe cinema has always been one of the most powerful media for storytelling. With this engaging gamification initiative, we aim to bring movie lovers closer through a fun and personalized experience, making their Valentine’s celebrations even more memorable,” said Mr. Gautam Dutta, CEO, Revenue and Operations, PVR INOX Ltd.

Prime Video’s original adult animation series, Invincible S3, has been earning rave reviews ever since its release, boasting a stellar 100% score on Rotten Tomatoes. Packed with surprises, this season has left J.K. Simmons, the voice of Omni-Man, eager for fans to experience what’s in store. As the storyline delves into Omni-Man’s complex dynamic with Allen the Alien, voiced by Seth Rogen, Simmons is all praise for the season’s ability to masterfully bring out the humanity in his character. As Omni-Man’s armour begins to crack, he teases a season filled with interesting subtlety in the characters, evolving dynamics in their relationships, and an adrenaline-fueled premise that will keep viewers on the edge of their seats. Adding to the excitement, Simmons also confirms that the production for Invincible season 4 is already underway.

J.K. Simmons highlights the depth of Omni-Man’s dynamic with Allen the Alien and shares his experience voicing scenes alongside Seth Rogen. He said, “Well, it’s unexpected, I hope. And I’m always loath to even get close to any spoilers, but I loved the whole season, the whole third season, and exploring the relationship between Omni-Man and Allen the Alien that, you know, based on the first two seasons, you know, there was a continuing surprise to me. And also getting to play scenes with Seth Rogen was, you know, even though we were never in the room at the same time, I did get to respond to what Seth had already laid down a few times.”

Simmons further said, “Well, it’s that inner turmoil, right? There’s the alpha, the Viltrumite, the Omni-Man, and then he’s sort of reluctantly feeling these tinges of humanity invading his being. And then, he spends a significant amount of time, basically in a very intimate one-on-one situation with Allen the Alien, of all beings. It was a really fun season to continue to explore what that brings out in Omni-Man/Nolan.

Well, you’re in a room with Allen the Alien/Seth Rogen. You either have to just listen to him never shutting up, or you have to get chatty in return. I love the way that, first of all, plot brought us to that point and we really got to just kind of wallow in it, and see more, hear more, of Omni-Man philosophizing and justifying and arguing and even being funny from time to time.

Yeah, I think that’s it. He continues to sort of chink away at the armor, that Viltrumite armor, and Allen is a smart alien. He’s just continuing to do that because he senses that there is a tinge of humanity there and that he’s not talking to a brick wall that you usually are when you’re talking to a Viltrumite. So, yeah, again, I think it’s one of those really nice — I’m surprised, I guess, to use the word subtle, because it’s an animated show about superheroes, but there is a lot of really interesting subtlety in the characters and the relationships, and that continues to be one of the things that makes it an interesting job to continue with when you do this kind of long-form storytelling, whether it’s animated or live-action. It’s nice not to feel like your character ever stagnates.”

Developed by Robert Kirkman, Invincible S3 features a stellar voice cast, including Steven Yeun, J.K. Simmons, and Sandra Oh. The eight-episode animated adventurous drama, based on Robert Kirkman’s award-winning comic book series, follows 17-year-old Mark Grayson, as he inherits his father’s superpowers and embarks on a journey to become Earth’s greatest defender. The first three episodes of Season 3 are now streaming exclusively on Prime Video in English and Hindi, with new episodes dropping weekly on February 13.