Satin Creditcare comes up with stellar performance

Satin Creditcare reported strong quarterly performance over Q3FY18 with robust earnings. The net interest income for the quarter rose by 37 per cent yoy and 4.2 per cent qoq to Rs. 125 crore.

The total interest revenue for the quarter rose by 19.7 per cent yoy and 3.8 per cent qoq. The finance costs i.e interest expended for the quarter grew by 6 per cent yoy and 3 per cent qoq to Rs. 123 crore in previous year. The provisions jumped almost 2 times over the previous year to Rs. 17.4 crore in Q3FY18 as compared to Rs. 4.38 crore in previous year corresponding quarter and Rs. 37 crore in previous quarter.

However, bottom-line reported stellar performance with 39 per cent yoy 81 per cent qoq growth to Rs. 22.8 crore in Q3FY18 as compared to Rs. 16.4 crore in previous year corresponding quarter and Rs. 12 crore in previous quarter.

On Wednesday, the stock jumped as much as 10 per cent to Rs. 495 mark and currently trading at Rs. 465 mark.