India's Satin Creditcare up on Q4 profit rise

Satin Creditcare Network

29/04/2024 10:38

** Shares of Satin Creditcare Network  SATR.NS  up as much
as 8.5% at 274.95 rupees; last up 2.4% 
    ** Non-banking financial co reported 30% Y/Y rise in Q4
consolidated net profit after tax to 1.28 bln rupees ($15.3 mln)
    ** Total revenue from operations up 49.6% 
    ** More than 2.6 mln shares change hands by 3:00 p.m. IST,
4.9x the 30-day avg; busiest day yet since Feb. 5
    ** Stock down 12.5% in Q4, snapping three consecutive
quarters of gains
    ** Including session's gains, stock up 9.5% YTD 


($1 = 83.4590 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))