That is the fifth consecutive quarterly loss for the lender, which breached numerous monetary covenants in respect of borrowings amounting to Rs 3,567 crore as at June 30, 2025. This implies these borrowings are repayable on demand.
It is web curiosity margin was at 10.29 per cent as in contrast with 11.64 per cent within the yr in the past interval.
The corporate has obtained extension from some lenders in respect Rs 2570 crore whereas it’s in dialogue with the remaining lenders to acquire related extensions.
“The corporate’s capability to proceed as a going concern depends on acquiring waivers from demand by lenders for rapid reimbursement of borrowings for a interval of a minimum of twelve months from the stability sheet; and / or securing enough funds by way of different sources similar to (i) profitable sale of loans; (ii) stability name cash of Rs 400 crore from partly paid up rights difficulty,” managing director Devesh Sachdev stated, within the assertion furnished to inventory exchanges.
The lender’s property underneath administration stood at Rs 7658 crore on the finish of June, got here down from Rs 12192 crore in a yr.Gross non performing property ratio remained regular at 5.43 per cent.
Satin Creditcare experiences 57% fall in Q1 revenue
Microfinance firm Satin Creditcare Community reported a 57 per cent fall in first quarter consolidated web revenue at Rs 45 crore as in contrast with Rs 105 crore within the yr in the past interval.
It is pre provision working revenue was at Rs 201 crore in opposition to Rs 213 crore earlier.
The lender’s property underneath administration stood at Rs 12499 crore on the finish of June, falling from Rs 12784 crore a yr again.
On a standalone foundation, the AUM stood at Rs 20956 crore. Gross non performing property ratio stood at 3.7 per cent.
