Satin Creditcare Network Q2 FY27 Results: Consolidated Net Profit ₹176 Crore on Total Income of ₹929 Crore

Earnings
financing activities

Blacklitt Research28 October 20263 min read

The unaudited results filed by Satin Creditcare Network Limited show consolidated total income of ₹929.23 crore and net profit of ₹175.90 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹812.11 crore and standalone net profit was ₹171.61 crore. The Board approved both sets of results on 28 Oct 2026.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹929.23 crore, up 18.3% YoY and 21.5% QoQ
Net profit: ₹175.90 crore, up 230.9% YoY and 43.4% QoQ
EPS: Basic ₹15.98, against ₹4.83 a year earlier and ₹11.15 in Q1 FY27
Finance costs: ₹335.05 crore, 36.1% of total income; down 2.7% YoY

Standalone

The company on its own, without its subsidiaries

Total income: ₹812.11 crore, up 14.3% YoY and 20.9% QoQ
Net profit: ₹171.61 crore, up 230.8% YoY and 42.7% QoQ
EPS: Basic ₹15.59, against ₹4.72 a year earlier and ₹10.94 in Q1 FY27
Finance costs: ₹278.85 crore, 34.3% of total income; down 10.8% YoY

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	929.23	785.47	+18.3%	764.75	+21.5%
Revenue from operations	925.84	780.56	+18.6%	762.14	+21.5%
Other income	3.39	4.91	-31.0%	2.61	+29.9%
	175.90	53.16	+230.9%	122.65	+43.4%
Finance costs	335.05	344.28	-2.7%	250.92	+33.5%
Depreciation	8.96	6.86	+30.6%	7.94	+12.8%
Tax expense	58.74	15.54	+278.0%	38.55	+52.4%
Net profit margin	18.93%	6.77%	+12.16 pp	16.04%	+2.89 pp
Tax as share of profit before tax	25.0%	22.6%	+2.41 pp	23.9%	+1.12 pp
EPS, basic (₹)	15.98	4.83	+230.8%	11.15	+43.3%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Consolidated total income rose 18.3% year on year to ₹929.23 crore. Net profit rose 230.9% to ₹175.90 crore from ₹53.16 crore, slower than profit before tax, which rose 241.6% to ₹234.64 crore from ₹68.70 crore.

Tax expense was ₹58.74 crore against ₹15.54 crore a year earlier. The tax share of profit before tax was 25.0%, compared with 22.6% in Q2 FY26.

Finance costs were ₹335.05 crore, which is 36.1% of total income this quarter. Other income was ₹3.39 crore, 0.4% of total income, down 31.0% from ₹4.91 crore a year earlier.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	812.11	710.72	+14.3%	671.45	+20.9%
Revenue from operations	811.52	710.22	+14.3%	670.90	+21.0%
Other income	0.59	0.50	+18.0%	0.55	+7.3%
	171.61	51.88	+230.8%	120.29	+42.7%
Finance costs	278.85	312.52	-10.8%	206.46	+35.1%
Depreciation	6.87	5.97	+15.1%	6.43	+6.8%
Tax expense	56.69	15.01	+277.7%	37.67	+50.5%
Net profit margin	21.13%	7.30%	+13.83 pp	17.91%	+3.22 pp
Tax as share of profit before tax	24.8%	22.4%	+2.39 pp	23.8%	+0.98 pp
EPS, basic (₹)	15.59	4.72	+230.3%	10.94	+42.5%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone total income rose 14.3% year on year to ₹812.11 crore, with revenue from operations of ₹811.52 crore. Net profit rose 230.8% to ₹171.61 crore from ₹51.88 crore.

Against the quarter before, standalone net profit rose 42.7% from ₹120.29 crore, faster than total income, which rose 20.9% from ₹671.45 crore.

Finance costs were ₹278.85 crore, 34.3% of total income, down 10.8% from ₹312.52 crore a year earlier. Tax expense was ₹56.69 crore, 24.8% of profit before tax of ₹228.30 crore. Depreciation was ₹6.87 crore against ₹5.97 crore.

Inference

On 3 Aug 2026 the Working Committee of the Board received ₹25.03 crore, 25% of the consideration, for 38,50,000 fully convertible warrants of ₹10 face value allotted to Trishashna Holdings & Investments Private Limited, an entity in the Promoter & Promoter Group. Payment terms for the remaining 75% are not set out in the results.

During the quarter the Company invested ₹110 crore in Satin Finserv Limited and ₹12 crore in Satin Growth Alternatives Limited, both wholly owned subsidiaries, on a rights basis. The consolidated debt-equity ratio is 3.81 times. Secured, rated, listed non-convertible debentures were allotted on private placement between 23 Jul and 27 Aug 2026.

Reasons for the swings in fair value gains and losses, the foreign exchange gain and the change in tax expense between quarters are not stated.

Reference: Original filing (PDF)

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