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Satin Creditcare Network Ltd Q1FY24; 34% rise in Revenue

Satin Creditcare Network Limited is a non-banking finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1990 by Mr. H P Singh. The company’s offers financial requirements for excluded households at the bottom of the pyramid. Satin Creditcare Network Limited is a micro-finance institution (MFI) in the country with presence in 23 states and more than 82,000 villages.

Financial Results:

Satin Creditcare Network Ltd reported Revenues for Q1FY24 of ₹462.00 Crores up from ₹345.00 Crore year on year, a rise of 33.91%.

Total Expenses for Q1FY24 of ₹345.00 Crores down from ₹625.00 Crores year on year, a fall of 44.8%.

Consolidated Net Profit of ₹88.00 Crores from -₹210.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹10.56, from -₹27.95 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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