Satin Creditcare Network Ltd on Monday reported a 19% rise in consolidated net profit to ₹53.16 crore for the September quarter, compared with ₹44.7 crore a year earlier.

The New Delhi-based microfinance lender said its total income grew 20% to ₹788 crore from ₹657 crore.

The company maintained strong asset quality, with portfolio-at-risk (PAR 90) at 3.5% as of Sept 30, according to an exchange filing. Capital adequacy stood at 26.3%, supported by a healthy liquidity buffer of about ₹2,300 crore.

Satin Creditcare marked its 17th consecutive profitable quarter, reflecting consistent business performance despite a challenging credit environment. The company expanded its footprint to 31 states and union territories, opening 162 new branches in the first half of the fiscal year.

Chairman

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