Satin Creditcare Network Ltd - Key Business Updates for Q4 and FY2024

Satin Creditcare Network Limited has announced Key Business Updates key business update for quarter and year ended March 31, 2024 (Q4 & 12M FY24) on a Standalone Basis.

1. Assets under Management: AUM grew by 34% YoY to reach ~Rs. 10,600 crore as on 31st March 2024 as compared to Rs. 7,929 crore as on 31st March 2023.

2. Disbursement: Disbursement grew by 30% YoY to Rs. 9,600 crore during FY 2023-24 as compared to Rs. 7,390 crore during FY 2022-23.

3. Collection Efficiency: The collection efficiency for FY24 is ~98%. Collection efficiency for Punjab of Q4FY24 stood at ~92%.

4. Funds Raised: During FY 2023-24, raised ~Rs. 9,500 crore through various instruments.

5. Equity Infusion: During the year, raised Rs. 338 crore via equity instruments as below:

- Rs. 88 crore against balance conversion of warrants for preferential allotment done in Dec'21;

- Rs. 250 crore via QIP in Dec'23.

We have witnessed robust growth throughout the quarter and fiscal year ending on March 31, 2024. Moving forward, we remain steadfast in our growth trajectory, guided by our commitment to asset quality and profitability.

The above information is provisional unaudited numbers and are subject to be reviewed and audited by Statutory Auditors of the Company.

Shares of Satin Creditcare Network Limited was last trading in BSE at Rs. 230.25 as compared to the previous close of Rs. 225.15. The total number of shares traded during the day was 43183 in over 1158 trades.

The stock hit an intraday high of Rs. 231.95 and intraday low of 224.55. The net turnover during the day was Rs. 9876145.00.

Source : Equity Bulls

Keywords

SatinCreditcareNetwork INE836B01017 NBFC Q4 FY2024 KeyBusinessUpdates