{"id":102268,"date":"2023-05-02T12:45:00","date_gmt":"2023-05-02T07:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102268"},"modified":"2023-05-02T12:38:29","modified_gmt":"2023-05-02T07:08:29","slug":"nbfc-stock-hits-20-upper-circuit-after-reporting-a-59-jump-in-pat-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-hits-20-upper-circuit-after-reporting-a-59-jump-in-pat-check-the-details\/","title":{"rendered":"NBFC stock hits 20% upper circuit after reporting a 59% jump in PAT; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4023170016\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Satin Creditcare Network Ltd opened 20% higher at \u20b9 173.30 apiece on Tuesday\u2019s early trades after the company reported robust results for the January to March quarter of the financial year 2022-23 (FY23). At 11:50 AM, its shares were trading 11.66% higher at \u20b9 161.30 apiece on the National Stock Exchange (NSE).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-644525196\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SATIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Satin Creditcare Network<\/a><\/strong> is a non-banking finance company (NBFC) that offers financial requirements for excluded households at the bottom of the pyramid. It is a micro-finance institution with a presence in 24 states and union territories and more than 95,000 villages in India.\u00a0<\/p><p>On a consolidated basis, the company\u2019s AUM grew 20% to \u20b9 9115 crores in FY23, against \u20b9 7616 crores in FY22. Moreover, it reported a 69% increase in its Pre-Provision Operating Profit (PPOP) to \u20b9 414 crores in FY23 from \u20b9 244 crores in FY22. Its gross non-performing assets stood at 3.28%, amounting to \u20b9 185 crores as on 31st March 2023 as compared to 8.01% as of 31st March 2022, amounting to \u20b9 412 crores.&nbsp;<\/p><p>On a standalone basis, the company reported a profit after tax of \u20b9 94 crores in the latest quarter (January to March 2023), which is 59% higher than \u20b9 60 crores reported in the corresponding quarter last year. Its return on assets increased by 163 bps to 4.90% in the latest quarter as compared to 3.27% in the same period a year ago. Similarly, its return on equity ROE increased by 481 bps to 20.30% as compared to 15.48% a year ago.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4220134524\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cWe represented strong business growth with our standalone AUM up by 24% YoY to Rs. 7,929 crore and recorded our highest ever profitability with PAT of Rs. 94 crore for the quarter, resulting in ROA of 4.9% and ROE at 20.0%. We are optimistic about maintaining this profitability trend in the coming years,\u201d said HP Singh, Chairman cum Managing Director of Satin Creditcare Network, according to an exchange filing.&nbsp;<\/p><p>With a market capitalization of \u20b9 1,224 crore, Satin Creditcare Network is a small-cap company. It has a low return on equity of 1.35%. Moreover, its shares were trading at a price-to-earnings ratio (P\/E) of 654.00, which is significantly higher than the industry P\/E of 20.43, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3079584889\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Satin Creditcare Network Ltd opened 20% higher at \u20b9 173.30 apiece on Tuesday\u2019s early trades after the company reported robust results for the January to March quarter of the financial year 2022-23 (FY23). At 11:50 AM, its shares were trading 11.66% higher at \u20b9 161.30 apiece on the National Stock Exchange (NSE).&nbsp; Satin [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8797,8908,8910,8907,936,8909],"class_list":["post-102268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-latest-stock-market-news","tag-satin-creditcare-latest-news","tag-satin-creditcare-q4-results","tag-satin-creditcare-share-price","tag-stock-market-news","tag-why-is-satin-creditcare-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBFC stock hits 20% upper circuit after reporting a 59% jump in PAT; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company opened 20% higher at \u20b9 173.30 apiece on Tuesday\u2019s early trades after the company reported robust results for the January to March quarter of the financial year 2022-23 (FY23). 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