{"id":150329,"date":"2023-07-28T07:41:57","date_gmt":"2023-07-28T11:41:57","guid":{"rendered":"https:\/\/44.250.171.167\/?p=150329"},"modified":"2023-07-28T07:41:58","modified_gmt":"2023-07-28T11:41:58","slug":"satin-creditcare-network-ltd-q1fy24-34-rise-in-revenue","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/satin-creditcare-network-ltd-q1fy24-34-rise-in-revenue\/","title":{"rendered":"Satin Creditcare Network Ltd Q1FY24; 34% rise in Revenue"},"content":{"rendered":"\n<p>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&#8217;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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Satin Creditcare Network Ltd reported Revenues for Q1FY24 of \u20b9462.00 Crores up from \u20b9345.00 Crore year on year, a rise of 33.91%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b9345.00 Crores down from \u20b9625.00 Crores year on year, a fall of 44.8%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b988.00 Crores from -\u20b9210.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b910.56, from -\u20b927.95 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348.png\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348-839x1024.png\" alt=\"\" class=\"wp-image-150330\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":150330,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,1],"tags":[1792,12350,9708],"class_list":["post-150329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-finance-stocks","tag-financial-services","tag-micro-finance","tag-nbfc"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-348.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":156591,"url":"https:\/\/alphastreet.com\/india\/satin-creditcare-network-ltd-q2fy24-88-rise-in-profits\/","url_meta":{"origin":150329,"position":0},"title":"Satin Creditcare Network Ltd Q2FY24; 88% rise in Profits","author":"Chirag Gupta","date":"November 22, 2023","format":false,"excerpt":"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)\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-300.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-300.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-300.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-300.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-300.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-300.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":144667,"url":"https:\/\/alphastreet.com\/india\/satin-creditcare-network-ltd-q4fy23-net-profit-soars-by-74\/","url_meta":{"origin":150329,"position":1},"title":"Satin Creditcare Network Ltd Q4FY23 net profit soars by 74%","author":"Chirag Gupta","date":"May 1, 2023","format":false,"excerpt":"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)\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143550,"url":"https:\/\/alphastreet.com\/india\/is-satin-creditcare-network-limited-a-ruler-in-microfinance-industry-a-primer-on-the-company\/","url_meta":{"origin":150329,"position":2},"title":"Is Satin Creditcare Network Limited a ruler in MicroFinance Industry? A primer on the company","author":"Chirag Gupta","date":"April 4, 2023","format":false,"excerpt":"\u201cOur primary focus during Q3FY23 was to stabilize our business, have growth and profitability back on track, and achieve guided growth. We are glad to announce that our performance for the quarter has marked significant improvement in financial and operational performance coupled with consistent improvement in asset quality, which helped\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1311224404.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1311224404.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/iStock-1311224404.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":144663,"url":"https:\/\/alphastreet.com\/india\/satin-creditcare-network-ltd-q4fy23-revenue-soars-by-20\/","url_meta":{"origin":150329,"position":3},"title":"Satin Creditcare Network Ltd Q4FY23 revenue soars by 20%","author":"Chirag Gupta","date":"May 1, 2023","format":false,"excerpt":"Satin Creditcare Network Limited reported Total revenue for Q4 FY23 of \u20b9437 Crore, up from \u20b9363 Crore year on year depicting a growth of 20%. While the consolidated Net Profit of \u20b999 Crore, up 74% from \u20b957 Crore in the same quarter of the previous year. The Earnings per Share\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/554ca384-acf4-428b-a4f3-36eb828d19aa.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/554ca384-acf4-428b-a4f3-36eb828d19aa.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/554ca384-acf4-428b-a4f3-36eb828d19aa.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/554ca384-acf4-428b-a4f3-36eb828d19aa.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/554ca384-acf4-428b-a4f3-36eb828d19aa.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/554ca384-acf4-428b-a4f3-36eb828d19aa.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141453,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-satin-creditcare-network-limited-for-q3-fy23\/","url_meta":{"origin":150329,"position":4},"title":"Earnings Summary Of Satin Creditcare Network Limited For Q3 FY23","author":"Hardik Bhandare","date":"January 23, 2023","format":false,"excerpt":"Satin Creditcare Network Limited (NSE: SATIN) is a non-banking financial company (NBFC) based in India. The company provides microfinance loans, primarily to women from low-income households in both rural and urban areas across India. Satin Creditcare's services include group loans, individual loans, enterprise loans, agriculture loans, and education loans. In\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/898c572d-b97a-4c10-acd3-c5f4d9ad88be-7.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141450,"url":"https:\/\/alphastreet.com\/india\/satin-creditcare-network-limited-q3-fy23-revenue-increased-by-20\/","url_meta":{"origin":150329,"position":5},"title":"Satin Creditcare Network Limited Q3 FY23; Revenue Increased By 20%","author":"Hardik Bhandare","date":"January 23, 2023","format":false,"excerpt":"Satin Creditcare Network Limited (NSE: SATIN) reported Revenue from Operations for Q3 FY23 of \u20b9415.81 Crore up from \u20b9346.14 Crore year on year, a growth of 20%. The Revenue was driven by the net gain on derecognition of financial instruments which surged by 514% up to \u20b990.8 Crore. Consolidated Net\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1668cc63-730c-4129-a13d-99959a252f2a-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1668cc63-730c-4129-a13d-99959a252f2a-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1668cc63-730c-4129-a13d-99959a252f2a-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1668cc63-730c-4129-a13d-99959a252f2a-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1668cc63-730c-4129-a13d-99959a252f2a-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1668cc63-730c-4129-a13d-99959a252f2a-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/150329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=150329"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/150329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/150330"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=150329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=150329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=150329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}