This is the fifth consecutive quarterly loss for the lender, who has violated various financial covenants with regard to loans in the amount of RS 3.567 Crore on 30 June 2025. This means that these loans can be repaid on request.
The net interest rate margin was 10.29 percent compared to 11.64 percent in the period of the year ago.
The company has obtained expansion of some lenders with respect RS 2570 Crore, while it is in discussion with the remaining lenders to obtain similar extensions.
“The ability of the company to continue depends on obtaining exemptions from the demand by money lenders for immediate repayment of loans for a period of at least twelve months from the balance sheet; and / or securing sufficient funds through other sources such as (i) successful sale of loans money from RS 400 crore from partly paid rights.
The assets of the lender in control was at RS 7658 Crore at the end of June, ended in a year from RS 12192 Crore. Gross non -performing assets ratio remained stable with 5.43 percent.
Satin Creditcare reports 57% decrease in the profit of Q1
Microfinance company Satin CreditCare Network reported a decrease of 57 percent in the first quarter consolidated net profit at RS 45 Crore compared to RS 105 Crore in the period of the year ago.
The operational profit for pre -provision was previously at RS 201 Crore against RS 213 Crore.
The assets of De Geldenschieter in control was at the end of June on RS 12499 Crore and fell a year ago from RS 12784 Crore.
The AUM in itself stood on RS 20956 Crore. The gross non -performance assets ratio was 3.7 percent.
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