Shares of Satin Creditcare Network Ltd. dropped 2.15% to ₹150.75 on the NSE following the release of its Q2 FY25 financial results, which highlighted a significant drop in net profit and deteriorating asset quality.
Key Financial Highlights for Q2 FY25
- Sales: Satin Creditcare Network reported sales of ₹656.43 crore, reflecting a 22.67% increase from ₹535.10 crore in the same period last year.
- Net Profit: Net profit for the quarter stood at ₹44.69 crore, a steep decline of 58.15% from ₹106.78 crore in Q2 FY24, showcasing the challenges the company faces in maintaining profitability.
- Gross NPA: Gross Non-Performing Assets (NPA) rose to 3.5%, compared to 2.73% in the previous quarter, indicating worsening asset quality.
The company’s Operating Profit Margin (OPM) also saw a reduction, moving to 50.85% from 68.20% in the same quarter last year.
Summary
The Q2 FY25 performance of Satin Creditcare Network reflects pressures on both profitability and asset quality. The deterioration in Gross NPA and significant decline in net profit have raised investor concerns, resulting in a dip in share price as of market opening.
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