Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Earnings Call Transcript

August 3, 2026 The Manager, The Manager, National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, C-1, Block G, 25th Floor, P. J. Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai-400051 Mumbai-400001 Symbol: SATIN Scrip Code: 539404 Sub: Transcript of Earnings Call on Financial Results & Future Outlook of M/s Satin Creditcare Network Limited (“the Company”) Dear Sir/Madam, With reference to our earlier intimations dated July 30, 2026 and July 31, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, please find enclosed Transcript of Q1 FY27 Financial Results Earnings call of the Company held on Friday, July 31, 2026. The link to access Transcript of Earnings call is JMFIS-SatinCredit-Jul31-2026-Final.pdf. This is for your information and record. Thanking you. Yours faithfully, For Satin Creditcare Network Limited (Vikas Gupta) Company Secretary & Chief Compliance Officer Encl: A/a “Satin Creditcare Network Limited Q1 FY27 Earnings Conference Call” July 31, 2026 MANAGEMENT: MR. H.P. SINGH – CHAIRMAN AND MANAGING DIRECTOR – SATIN CREDITCARE NETWORK LIMITED MR. JUGAL KATARIA – GROUP CONTROLLER – SATIN CREDITCARE NETWORK LIMITED MS. ADITI SINGH – CHIEF STRATEGY OFFICER – SATIN CREDITCARE NETWORK LIMITED MODERATOR: MR. PRATIK MATKAR – JM FINANCIAL INSTITUTIONAL SECURITIES LIMITED Page 1 of 15 Satin Creditcare Network Limited July 31, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Satin Creditcare Q1 FY27 Earnings Conference Call hosted by JM Financial Institutional Securities Limited. As a reminder, all participant lines will be in the listening only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Pratik Matkar. Thank you, and over to you. Pratik Matkar: Welcome to the Q1FY27 Earnings Conference Call of Satin Creditcare Network Limited. First of all, I would like to thank the management of Satin Creditcare for giving us the opportunity to host this call. From management team, we have Dr. H.P. Singh, Chairman and Managing Director; and senior management team. I would like -- I would now like to hand over the call to Dr. H.P. Singh for his opening remarks, post which we can open the floor for Q&A. Thank you, and over to you, sir. H.P. Singh: Thank you, Pratik, and good morning to everyone. It is a pleasure to be back with you to discuss Satin's performance for the first quarter of FY26-'27 after sharing with you all our great performance in the earlier quarters. During our last earnings call in May, we said that FY26 had tested the sector, and in doing so, has separated the institutions that were structurally sound from those that were not. That test is now behind us. The question that matters from here is a different one, which is, who is positioned to grow and to grow in a way that holds up when the next cycle turns? Q1 is our first answer to that question, and we are particularly pleased to share that this quarter marks our 20th consecutive profitable quarter and our strongest first quarter performance in the last 8 years, underscoring the resilience of our business model and the disciplined execution of our strategy. The Q1 FY27 performance is not merely an outcome of riding the tide, but it reflects the philosophy that has long guided Satin, that we have now formally adopted as our identity: Dream big, deliver bigger. This is not a mere tagline for the sake of saying. It captures the way we have built and grown the organization over the years, whether it is innovation, developing strong teams, maintaining credit discipline or delivering 20 consecutive profitable quarters despite challenging industry conditions, we have consistently backed our ambition with execution. Dream big, deliver bigger represents both who we are and the standard we continue to set for ourselves as we take Satin into its next phase of growth. As for the sector, we can say with confidence that the industry has moved from repair to expansion. Gross loan portfolio stabilized at INR3.31 lakh crores in March '26 after 8 consecutive quarters of decline. Portfolio at risk for loans overdue between 31 and 180 days improved to 2.6% in March '26 from 4.4% in December '25. 95% of industry exposure now sits with borrowers who have 3 or fewer active lenders. The guardrails have done what they were designed to do. Page 2 of 15 Satin Creditcare Network Limited July 31, 2026 There is a structural shift underneath this that we want to flag. Bank's share of outstanding microfinance loans has fallen to 26.4% from 32.6% a year ago, while NBFC MFIs have risen to 43.7% from 38.9%. Specialist lenders are carrying more of this market than at any point in recent memory. This is an opportunity for institutions with underwriting depth. It is also a responsibility because the quality of the cycle now depends far more on how firms like ours behave than it did in the last one. Two things we are watching and we would rather name them. The revised monsoon outlook warrants caution on rural cash flows over the next 2 to 3 months. The West Asia situation has had no discernible impact on our business to date. Neither has touched our book. However, both are reasons we have chosen to strengthen our buffers this quarter rather than release them, and we will come to that shortly. Consolidated AUM reached INR15,935 crores, growing 27% year-on-year and 5% sequentially. Stand-alone AUM stood at INR13,312 crores, up 22% year-on-year. Consolidated disbursements were INR3,495 crores, up 56% year-on-year, with stand-alone disbursements at INR3,008 crores, up 46% year-on-year. We would ask you to weigh these disbursement numbers against the fact that the first quarter is seasonally our softest. This is the highest first quarter disbursement in the company's history. Consolidated total income was INR827 crores, up 22% year-on-year and stand-alone total income INR734 crores, up 21%. Consolidated profit after tax was INR123 crores, up 172% year- on-year and stand-alone profit after tax was INR120 crores, up 182% year-on-year. Consolidated PPOP grew 33% to INR267 crores and stand-alone PPOP 36% to INR258 crores. On margins and efficiency, stand-alone NIM improved to 14.36% from 13.16% on gross yield of 22.44% against a cost of funds of 8.08%. Our operating expense ratio improved to 6.33% from 6.98% in Q4 as the 392 branches added last year begin to season. Cost to income improved to 44.49% from 48.91% year-on-year. AUM per loan officer rose 29% year-on-year. These are the operating leverage numbers we recommend you track, because this is where the branch investment of FY26 starts paying back. Stand-alone return on assets was 3.55% and return on equity was 15.10%. Stand-alone GNPA improved to 2.2% from 3.7% a year ago and 3.1% in March -- sorry, and 3.1% in March. Net NPA stands at 0.3%, down from 0.9% a year ago. GNPA in absolute numbers is INR219 crores. X-bucket collection efficiency was 99.9% and every one of our top states is at 99.6% or better. Stage 3 coverage improved sharply to 85% from 73% in March. Our overall provision coverage ratio now stands at 115%. Now talking about credit cost. Our reported credit cost for the quarter was 3.06%, an improvement of over 175 basis points year-on-year and within our guided range of 3% to 3.5%. That reported figure includes a management overlay of INR36 crores. Excluding the overlay, our credit cost for the quarter was 1.97%. Page 3 of 15 Satin Creditcare Network Limited July 31, 2026 Let me spend a minute on what we have done here and why because it materially affects how you return -- how you read our return ratios. We aim to deliver a consistent performance, which is cycle-proof and hence, [Showing first 8,000 characters — download PDF for full document]