Satin sets 20%-25% FY27 AUM target after 41-branch Q1 expansion
Management linked elevated operating expenses to branch expansion; the consolidated accounts reported net profit of Rs 122.65 cr.
Filed 30 Jul 2026, 16:13 IST · after market close · SATIN (SATIN)
Key takeaways
- Satin reported a 54.77% consolidated operating margin, while management said branch expansion had lifted operating expenses.
- Management set a 20%-25% FY27 consolidated AUM growth target, implying AUM of Rs 18,200-18,900 cr.
- The company added 41 branches in Q1FY27, taking its standalone network to 1,863 and extending its presence into Kerala.
Interest remained the key earnings bridge
Satin's consolidated operating profit of Rs 417.44 cr was reduced by interest of Rs 250.92 cr before reaching profit before tax of Rs 161.2 cr. Other income was Rs 2.61 cr, a limited contributor to pre-tax profit, while the 23.92% tax rate resulted in net profit of Rs 122.65 cr.
Branch additions lifted the cost base
Management said operating expenses relative to average AUM were elevated because of branch expansion. The company added 41 branches during Q1FY27, taking its standalone network to 1,863, and entered Kerala in June 2026.
Expansion is paired with a stated AUM target
Management said it is targeting 20%-25% growth in consolidated AUM during FY27, implying a range of Rs 18,200-18,900 cr, and a standalone return on assets of 3.5%-4.0%. The presentation also said the company raised approximately Rs 3,000 cr through diversified debt instruments in Q1FY27 and secured a Rs 2,000 cr DA sanction limit from a PSU through its first digital-direct assignment.
Results were filed after market close
The consolidated results were filed at 16:13 IST on 30 July 2026, after market close. The stock's immediate post-results response is therefore not covered here.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹762 cr |
| Other income | ₹3 cr |
| Expenses | ₹345 cr |
| Operating profit | ₹417 cr |
| Operating margin (%) | 54.77% |
| Interest | ₹251 cr |
| Depreciation | ₹8 cr |
| Profit before tax | ₹161 cr |
| Tax | ₹39 cr |
| Net profit | ₹123 cr |
| EPS (₹) | ₹11.15 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The company raised approximately ₹3,000 Crores through diversified debt instruments in Q1FY27.
Guidance & outlook
- The consolidated AUM growth target for FY27 is 20%-25%, implying AUM of ₹18,200-₹18,900 Crores.
- The standalone return on asset target for FY27 is 3.5%-4.0%.
Expansion
- The company entered Kerala in June 2026 to strengthen its South India presence.
- The company added 41 branches in Q1FY27, taking its standalone branch network to 1,863.
New orders
- The company secured a ₹2,000 Crores DA sanction limit from a PSU through its first digital-direct assignment.
New initiatives
- The company uses AI, ML and data science across customer acquisition, underwriting, disbursement and collections.
- The company achieved 100% cashless disbursement through digital processes.
Problems & risks
- Operating expenses to average AUM were elevated because of branch expansion.
What to watch
- Whether consolidated AUM moves toward management's FY27 target of Rs 18,200-18,900 cr.
- Whether operating expenses remain elevated after the branch network reached 1,863.
- Whether the Rs 3,000 cr of Q1FY27 debt raised supports funding without a higher interest burden.