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CreditAccess Grameen Results: Latest Quarterly Results & Analysis

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CreditAccess Grameen Ltd. 29 Oct 2025 11:41 AM
Result PDF

Q2FY26 Quarterly Result Announced for CreditAccess Grameen Ltd.

Microfinance Institution CreditAccess Grameen announced Q2FY26 results

Financial Highlights:

  • Total income improved sequentially to Rs 1,509.0 crore.
  • Pre-provision operating profit (PPOP) improved sequentially to Rs 694.8 crore.
  • Profit Before Tax (PBT) improved sequentially by 108.5% from Rs 81.1 crore to Rs 169.2 crore.
  • Profit After Tax (PAT) improved sequentially by 109.0% from Rs 60.2 crore to Rs 125.8 crore, resulting in RoA of 1.8% and RoE of 7.1%.
  • Declining new PAR accretion led to sequential reduction in credit cost at Rs 525.7 crore.
  • GNPA / NNPA predominantly measured at 60 dpd was 3.65% / 1.26%, with PAR 90 of 2.50%.
  • Robust liquidity of Rs 2,175.5 crore of cash, cash equivalents, and investments, 7.9% of the total assets.
  • Healthy capital position with a CRAR of 26.1%.
  • Credit Rating: AA-/Stable by CRISIL, ICRA & India Ratings.

Business Highlights:

  • AUM increased 3.1% YoY from Rs 25,133 crore to Rs 25,904 crore.
  • Disbursements increased by 32.9% YoY from Rs 4,004 crore to Rs 5,322 crore.
  • Healthy new borrower addition of 2.20 lakh with 39% being New-to-Credit (NTC).
  • Portfolio share of unique borrowers up from 36% in Q1FY26 to 41% in Q2FY26.
  • PAR 0 decreased from 5.9% in Q1FY26 to 4.7% in Q2FY26.
  • Branch network grew by 8.8% YoY from 2,031 to 2,209 branches.
  • Employee base grew by 10.9% YoY from 19,562 to 21,701.
  • Collection Efficiency (incl. arrears) of 94.9% in Sep-25, improved from 94.1% in Jun-25.
  • Retail Finance portfolio crosses Rs 2,500 crore mark, reflecting our customer-centric approach.

Ganesh Narayanan, Managing Director & Chief Executive Officer, CreditAccess Grameen, said: "We reported an improved second-quarter performance, reflecting consistent business momentum. Despite the seasonally weaker nature of the second quarter, the outcome built on the strong trajectory established in Q1FY26, demonstrates the underlying strength of our business. We continue to add a healthy proportion of new-to-credit customers each quarter, resulting in the portfolio share of unique borrowers rising to 41%. Our employee base grew from 21,333 in Jun-25 to 21,701 in Sep-25 with annualised attrition rate of 28.9% in Q2FY26. Employee engagement and morale remain strong as we continue to drive steady growth, while maintaining a consistent focus on asset quality and profitability.

We delivered a PAT of Rs 126 crore in Q2FY26, leading to ROA of 1.8% and ROE of 7.1%. The past few quarters clearly show that the industry has navigated challenges with remarkable resilience and discipline. We remain at the forefront of this upward trajectory, creating sustainable value for all stakeholders while reinforcing confidence in sector’s long-term strength.”

Result PDF

Result PDF

CreditAccess Grameen announced Q1FY26 results

  • Total income improved sequentially to Rs 1,463.6 crore.
  • Pre-provision operating profit (PPOP) was robust at Rs 653.0 crore.
  • Profit Before Tax (PBT) improved sequentially by 58.8% from Rs 51.1 crore to Rs 81.1 crore.
  • Profit After Tax (PAT) improved sequentially by 27.5% from Rs 47.2 crore to Rs 60.2 crore, resulting in ROA of 0.9% and ROE of 3.4%.
  • Declining new PAR accretion led to sequential reduction in credit cost at Rs 571.9 crore.
  • GNPA / NNPA predominantly measured at 60 dpd was 4.70% / 1.78%, with PAR 90 of 3.29%.
  • Robust liquidity of Rs 2,025 crore of cash, cash equivalents, and investments, 7.3% of total assets.
  • Healthy capital position with a CRAR of 25.5%.
  • Credit Rating: AA-/Stable by CRISIL, ICRA & India Ratings.

Ganesh Narayanan, Chief Executive Officer & Managing Director (Designate) of CreditAccess Grameen, said: “We have commenced FY26 with a positive business momentum, setting the tone for the year ahead. Our Q1FY26 performance reflects progress across all key dimensions of the business with the highest-ever first-quarter disbursements of Rs 5,458 crore. We witnessed a broad-based decline in monthly new delinquency rate across all operating geographies, reducing to 0.46% in June 2025, from 1.34% in November 2024 supported by stable manpower, disciplined customer engagement and consistent reduction in customer leverage. Our growing workforce, with employee count rising from 20,970 in March 2025 to 21,333 in June 2025, while maintaining a controlled annualised attrition rate of 27.1% for Q1FY26, has translated into improved customer servicing and supporting our asset quality outcomes.

At the same time, our liability profile saw robust traction where we raised Rs 2,570 crore, including partial drawdowns from USD 100 million multi-currency syndicated social loan facility comprising of JPY and USD denominated commitments. This landmark deal with participation from leading lenders from South Asia and Far East, was priced competitively at par with domestic borrowings and below our average cost of borrowing. On the diversification front, the share of our Retail Finance portfolio, the strategic growth lever, increased YoY from 2.9% to 6.8% of the AUM. The outlook for FY26 remains encouraging, with favourable monsoon forecasts and strengthening rural sentiment, laying the groundwork for sectoral revival.”

Result PDF

Finance company CreditAccess Grameen announced 9MFY25 & Q3FY25 results

Q3FY25 Financial Highlights:

  • Total income increased by 6.7% YoY from Rs 1,295.2 crore to Rs 1,381.9 crore.
  • Net interest income (NII) increased by 7.4% YoY from Rs 802.4 crore to Rs 861.7 crore.
  • Pre-provision operating profit (PPOP) increased by 3.5% YoY from Rs 601.8 crore to Rs 622.9 crore.
  • Impairment of financial instruments was Rs 751.9 crore.
    • Total ECL provisions were Rs 1,244.0 crore (5.07%) against GNPA (largely @ 60 dpd) of 3.99%, and PAR 90 of 2.64%. NNPA stood at 1.28% and write-offs were Rs 376.7 crore.
  • While early risk recognition, conservative provisioning & accelerated write-off resulted in a loss of Rs 99.5 crore in Q3 FY25, it will safeguard our profitability over coming quarters with growth rate getting normalised.
  • Robust liquidity of Rs 3,222.2 crore of cash, cash equivalents, and investments, 11.7% of the total assets.
  • Healthy capital position with a CRAR of 25.9%.
  • Credit Rating: AA-/Stable by CRISIL, ICRA & India Ratings.

Business Highlights:

  • AUM grew by 6.1% YoY from Rs 23,382 crore to Rs 24,810 crore.
  • Borrower base grew by 2.4% YoY from 46.93 lakh to 48.05 lakh.
  • Branch network grew by 8.7% YoY from 1,894 to 2,059 branches.
  • Collection efficiency of 93.3% (excl. arrears) and 94.1% (incl. arrears).
  • Collection efficiency of X bucket was over 99.2% for Dec-24 and improving trend in Jan-25.

9MFY25 Financial Highlights:

  • Total income increased by 17.1% YoY from Rs 3,713.5 crore to Rs 4,348.4 crore.
  • Pre-provision operating profit (PPOP) grew by 17.3% YoY from Rs 1,708.2 crore to Rs 2,004.4 crore.
  • Profit After Tax was Rs 484.2 crore resulting in ROA of 2.3% and ROE of 9.4%.

Udaya Kumar Hebbar, Managing Director of CreditAccess Grameen, said: “The third quarter was encouraging, marked by sustained reversal in new delinquency accretion rate beginning mid-November 2024 and positive business momentum beginning December 2024. This trend of reversing delinquencies, robust customer additions, and sustained AUM growth further improved in January 2025. The collection efficiency in X bucket was over 99.2% in December 2024 and further improved in January 2025. While Q3 FY25 profits were impacted by our early risk recognition, conservative provisioning, and accelerated write-offs, we still delivered ROA of 2.3% and ROE of 9.4% for 9M FY25. We foresee 7-8% loan portfolio growth for FY25 with ROA of 2.3-2.4% and ROE of 9.5-10.0%. We anticipate asset quality to normalise by Q1 FY26 and profitability to normalise by Q2 FY26. Our preliminary outlook for FY26 suggests AUM growth of 18-20% driven by robust customer additions, improved customer retention, and higher share of retail finance. We expect to deliver ROA of 4.2-4.5% and ROE of 17-19% in FY26.”

Ganesh Narayanan, Chief Executive Officer of CreditAccess Grameen, said: “The sharp increase in delinquencies since July 2024 was primarily due to implementation of tighter underwriting norms by the industry. We are witnessing significant deleveraging at our borrower level over past five months. Our data shows that in case of borrowers with loans from 4 or more lenders, their AUM share declined from 25.3% in August 2024 to 18.8% in December 2024. Further, more than 84% of borrowers with loans from 4 or more lenders, are promptly repaying, making them eligible for future loans. Hence, we believe that MFIN guardrails will not have any major impact on our customer retention and future growth. Our Retail Finance portfolio, central to our ‘Evolve with Customer’ strategy, has experienced significant growth reflecting robust customer demand and our ability to deliver tailored solutions. The retail finance portfolio currently accounts for 5.0% of AUM amounting to Rs 1,245 crore compared to 2.1% a year ago. Moving forward, all our efforts are focused on strengthening the balance sheet, normalising the asset quality, and positioning the Company for sustained growth in the future.”

Result PDF

Finance company CreditAccess Grameen announced Q2FY25 results

Financial Highlights:

  • Total income increased by 16.5% YoY from Rs 1,247.6 crore to Rs 1,453.9 crore.
  • Net interest income (NII) increased by 20.8% YoY from Rs 772.0 crore to Rs 932.4 crore.
  • Pre-provision operating profit (PPOP) increased by 19.5% YoY from Rs 562.6 crore to Rs 672.1 crore.
  • Impairment of financial instruments increased by 338.3% YoY from Rs 95.9 crore to Rs 420.1 crore o Total ECL provisions were Rs 868.7 crore (3.53%) against GNPA (GL: 60 dpd, RF: 90 dpd) of 2.44%, and PAR 90 of 1.74%. NNPA stood at 0.76% and write-offs were Rs 135.0 crore.
  • Profit After Tax (PAT) decreased by 46.4% YoY from Rs 347.0 crore to Rs 186.1 crore.
  • Robust liquidity of Rs 2,035.7 crore of cash, cash equivalents, and investments, 7.6% of the total assets which has been further enhanced to ~10% in October 2024.
  • Healthy capital position with a CRAR of 26.1%.
  • Credit Rating: AA-/Stable by CRISIL, ICRA & India Ratings.

Business Highlights:

  • GLP grew by 11.8% YoY from Rs 22,488 crore to Rs 25,133 crore.
  • Borrower base grew by 7.2% YoY from 46.03 lakh to 49.33 lakh across 2,031 branches.
  • Collection Efficiency of 96.3% (excl. arrears).

Udaya Kumar Hebbar, Managing Director of CreditAccess Grameen, said: "We have observed a moderate growth during the Q2FY25, which has historically been a sluggish quarter. Given the short-term nature of microfinance loans and timely calibration by industry, we believe the credit cycle to be transient in nature. In the light of the current industry landscape, we have revised our estimates for FY25 annual performance guidance, anticipating loan portfolio growth of 8-12%, NIM of 12.8-13.0%, credit cost of 4.5-5.0%, ROA of 3.0-3.5% and ROE of 12.0-14.0%. We remain confident of our medium-term growth outlook, aiming to reach Rs 50,000 crore mark by FY28 as guided earlier through a combination of both Microfinance and Retail Finance businesses, while upholding our commitment to maintaining best-in-class asset quality.”

Ganesh Narayanan, Chief Executive Officer of CreditAccess Grameen, said: “Our conservative provisioning policy has historically enabled early identification of stress, ensuring adequate coverage while pursuing growth opportunities. When comparing with NBFC industry provisioning policy, we are holding additional Rs 102 crore on account of our early recognition and higher provisioning rates. This will help us to recognize 70-75% of the current asset quality stress in FY25 instead of deferring it to the next financial year. Our sustainable business model is exemplified by our strong business performance, achieving a PAT of Rs 584 crore, while delivering an ROA of 4.1% and ROE of 17.1% for H1FY25.”

Result PDF

Finance company CreditAccess Grameen announced Q4FY23 & FY23 results:

Q4FY23:

  • GLP grew by 26.7% YoY from Rs 16,599 crore to Rs 21,031 crore
  • Borrower base grew by 11.5% YoY to 42.6 lakh across 1,786 branches
  • Collection Efficiency of 98.2% (excl. arrears) and 98.4% (incl. arrears)
  • Total income increased by 29.3% YoY from Rs 824.5 crore to Rs 1,066.2 crore
  • Net interest income (NII) increased by 32.7% YoY from Rs 519.6 crore to Rs 689.8 crore
  • Pre-provision operating profit (PPOP) increased by 36.3% YoY from Rs 368.8 crore to Rs 502.9 crore
  • Impairment of financial instruments declined by 30.3% YoY from Rs 151.0 crore to Rs 105.3 crore
    • Total ECL provisions were Rs 347.8 crore (1.78%) against GNPA (largely @ 60 dpd) of 1.21%, and PAR 90 of 0.96%. NNPA further reduced to 0.42%
    • Write-offs were Rs 102.1 crore
  • Profit After Tax (PAT) increased by 86.4% YoY from Rs 159.1 crore to Rs 296.6 crore
  • Robust liquidity of Rs 1,891.0 crore of cash & cash equivalents, amounting to 8.7% of the total assets
  • Healthy capital position with a CRAR of 23.6%
  • Credit Rating: AA-/Stable by ICRA & India Ratings, A /Positive by CRISIL

FY23:

  • Total income increased by 29.1% YoY from Rs 2,750.1 crore to Rs 3,550.8 crore
  • NII increased by 35.1% YoY from Rs 1,653.1 crore to Rs 2,234.0 crore
  • PPOP increased by 39.8% YoY from Rs 1,077.5 crore to Rs 1,506.4 crore
  • PAT increased by 134.0% YoY from Rs 353.1 crore to Rs 826.1 crore

Commenting on the performance, Mr. Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said, “FY23 has been a historic year in our humble journey where we achieved numerous milestones. This includes becoming the first pure-play microfinance institution in the country to cross the Rs 20,000 crore AUM mark, credit rating upgrade from ICRA and Ind-Ra to AA- (stable), ESG ratings from Sustainalytics and S&P Global, maiden Public NCD issue worth Rs 500 crore, first-of-it’s kind USD 35 million direct funding from DFC (USA), successful completion of CA Grameen’s merger with Madura Micro Finance, featuring in the top five of Fortune India Next 500 list, and “Great Place to Work” certification for 4th consecutive year. Our ethos of sticking to basics via the classical JLG model and strong execution strength has resulted in the best-in-class asset quality with collection efficiency at over 98% (excl. arrears). Our GNPA and Net NPA (predominantly at 60 dpd) stood at 1.21% and 0.42% respectively, while PAR 90 was at only 0.96%.

We have once again met our annual performance guidance. Our gross loan portfolio grew by 26.7% YoY to Rs 21,031 crore at the end of March 2023. We added nearly 12.3 lakh new borrowers in FY23 resulting in a borrower base of 42.64 lakh. We delivered a quarterly net profit of Rs 297 crore, resulting in ROA of 5.5% and ROE of 24.0%. For FY23, PAT, ROA, and ROE stood at Rs 826 crore, 4.2%, and 18.0% respectively. Our expansive presence across India, differentiated operating model, customised product offerings, highly scalable technology stack, and strong balance sheet place us at the forefront to establish ourselves as the preferred financial partner to millions of underserved low-income households.

For FY24, we are sanguine to achieve a growth of 24%-25% in the gross loan portfolio, NIMs of 12%-12.2% with a steady state credit cost of 1.6%-1.8%, translating into ROA of 4.7%-4.9% and ROE of 20.0%-21.0%.”

Result PDF

NBFC firm CreditAccess Grameen announced Q3FY23 results:

  • Consolidated Q3FY23:
    • Total income increased by 31.9% YoY from Rs 689.7 crore to Rs 909.7 crore
    • Net interest income (NII) increased by 37.7% YoY from Rs 412.0 crore to Rs 567.4 crore
    • Pre-provision operating profit (PPOP) increased by 38.7% YoY from Rs 273.5 crore to Rs 379.5 crore
    • Impairment of financial instruments declined by 24.2% YoY from Rs 117.9 crore to Rs 89.4 crore
      • Total ECL provisions were Rs 344.6 crore (2.04%) against GNPA (largely @ 60 dpd) of 1.71%, and PAR 90 of 1.34%. NNPA further reduced to 0.59%
      • Write-offs were Rs 130.9 crore
    • Profit after tax (PAT) increased by 85.3% YoY from Rs 117.0 crore to Rs 216.8 crore
    • Robust liquidity of Rs 1,439.9 crore of cash & cash equivalents, amounting to 7.7% of the total assets
    • Healthy capital position with standalone CRAR of 28.4% and consolidated CRAR of 24.7%
    • Credit Rating: AA-/Stable by India Ratings, A /Positive by CRISIL & ICRA

Commenting on the performance, Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said, “The third quarter witnessed robust sequential improvement in business momentum, operating efficiency, asset quality and return ratios, culminating in yet another milestone of surpassing Rs 200 crore in quarterly net profit. We are confident of sustaining this profitability trend and further improving it over the coming quarters. Our gross loan portfolio grew by 21.9% YoY to Rs 17,786 crore. We added 3.05 lakh new borrowers taking the total borrower base to 39.39 lakh. Our asset quality remains amongst the best in class with a collection efficiency of 98% and net NPA (predominantly at 60 dpd) of 0.59%. Q3FY23 PAT grew by 85.3% YoY and 23.1% QoQ to Rs 217 crore, resulting in ROA of 4.6% and ROE of 18.8%. Whereas 9M FY23 PAT significantly grew by 170.3% YoY to Rs 533 crore. We reiterate our FY23 guidance of 4.0% - 4.2% ROA and 16.0% - 18.0% ROE.

Our balance sheet continues to get stronger every quarter with robust liquidity and capital position. We have further cemented our asset liability position by raising significant long-term borrowings in Q3FY23, consisting of foreign borrowings, both ECB and NCD, as well as our maiden domestic retail NCD issue. Our public NCD issue was the first in the microfinance industry and it received an overwhelming response from the investors leading to a 3.03X subscription of the base size issue. We raised Rs 500 crore in the first tranche, with board approval to raise another Rs 1,000 crore until November 2023.

We foresee a very exciting future for the microfinance industry, and we shall continue to further strengthen our leadership position, being the preferred financial partner of low-income households across India. We draw comfort from the recent announcements made in the union budget FY24 focusing on women empowerment, inclusive development and reaching the last mile, as the key drivers towards strengthening the rural ecosystem which shall benefit the rural financing opportunity, including microfinance business, over the coming years.”

 

Result PDF

CreditAccess Grameen announced Q2FY23 results:

Q2FY23 (Consolidated):

  • Total income increased by 31.6% YoY from Rs 618.6 crore to Rs 814.3 crore
  • Net interest income (NII) increased by 39.9% YoY from Rs 368.9 crore to Rs 516.2 crore
  • Pre-provision operating profit (PPOP) increased by 52.9% YoY from Rs 218.7 crore to Rs 334.3 crore
  • Impairment of financial instruments declined by 24.7% YoY from Rs 139.9 crore to Rs 105.4 crore
    • Total ECL provisions were Rs 386.1 crore (2.46%) against GNPA (largely @ 60 dpd) of 2.17%, and PAR 90 of 1.72%. NNPA further reduced to 0.77%
    • Write-offs were Rs 163.0 crore
  • Profit After Tax (PAT) increased by 195.0% YoY from Rs 59.7 crore to Rs 176.0 crore, recording the highest quarterly PAT till date
  • Robust liquidity of Rs 1,147.0 crore of cash & cash equivalents, amounting to 6.7% of the total assets
  • Healthy capital position with standalone CRAR of 29.0% and consolidated CRAR of 25.0%
  • Credit Rating: AA-/Stable by India Ratings, A /Positive by CRISIL & ICRA. CRISIL upgraded the rating outlook from ‘Stable’ to ‘Positive’ in Q2 FY23

Commenting on the performance, Mr. Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said, “We witnessed the strongest second quarter, recording our highest quarterly PAT of INR 176 crore. There has been healthy growth across all parameters ranging from borrower addition, disbursements, collection efficiency, asset quality, net interest margin, return ratios and traction in foreign funding. We added over 2.8 lakh borrowers during Q2 FY23 and disbursed INR 4,375 crore, the highest ever during the second quarter to date. Our asset quality largely normalised with 97%-98% collection efficiency, and Net NPA of 0.77%.

Given our strong control over the cost of borrowings coupled with one of the lowest lending rates in the industry, we are best placed to protect our Net Interest Margin (NIM), in a rising interest rate scenario. Over the past 6 months, our cost of borrowing increased by only 30 bps to 9.2% whereas our NIM expanded by 70 bps to 12.0%. The improved operating performance helped us generate a ROA of 4.0% and an ROE of 16.1% in Q2 FY23. H1 FY23 performance gives us the confidence to comfortably achieve our annual performance guidance for FY23.

We are extremely happy to announce that the United States International Development Finance Corporation (DFC) supported us with a USD 35 million ESG-linked loan for up to 7 years, first of its kind direct lending to an Indian MFI. Overall, in the past 6 months, we received sanctions of around USD 195 Mn, aiding our strategy of diversifying liability profile. Today, we have strong visibility on foreign sourcing, backed by 38% share in undrawn sanctions and 19% share in sanctions in the pipeline.”

 

Result PDF

Finance company CreditAccess Grameen announced Q1FY23 results:

  • Consolidated:
    • Total income increased by 23.2% YoY from Rs 617.4 crore to Rs 760.5 crore
    • Net interest income (NII) increased by 30.9% YoY from Rs 352.7 crore to Rs 461.5 crore
    • Pre-provision operating profit (PPOP) increased by 33.9% YoY from Rs 216.4 crore to Rs 289.7 crore
    • Impairment of financial instruments declined by 46.3% YoY from Rs 187.9 crore to Rs 100.9 crore
      • Total ECL provisions were Rs 443.7 crore (3.01%) against GNPA (largely @ 60 dpd) of 3.11%, and PAR 90 of 2.33%
      • Write-offs were Rs 191.1 crore
    • Profit After Tax (PAT) increased by 588.2% YoY from Rs 20.3 crore to Rs 139.6 crore
    • Liquidity remained strong at Rs 1,541.8 crore of cash & cash equivalents at the end of Jun-22, amounting to 9.3% of the total assets
    • Healthy capital position with standalone CRAR of 28.6% and consolidated CRAR of 24.7%
    • Credit Rating upgraded to AA- (Stable) by India Ratings & Research, the highest notch in the microfinance industry.

Commenting on the performance, Mr. Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said, “Our primary focus during Q1 FY23 was on maintaining strong collections trend and ensuring complete alignment with the new microfinance underwriting guidelines announced by the RBI in Mar-22. This involved formulation of necessary board-approved policies, implementation of the required process and technology changes, and extensive training for our large field force. The process transition led to lower disbursements and borrower additions during Apr-22 and May-22. Further, there were limited loan renewals during Q1 FY23 majorly due to minimal disbursements in Q1 FY21 and Q1 FY22 owing to the Covid-19 pandemic. The disbursements and borrower additions got normalised in Jun-22 and we expect to see strong momentum in the coming quarters. We reiterate our annual growth and profitability guidance for FY23.

We continued to march ahead with our infrastructure expansion plans as our branch network increased to 1,681 on the back of 46 net branch additions during the quarter primarily in newer states. Our diversification strategy is showing positive results with 56% of the borrower additions during Q1 FY23 coming from outside of the top 3 states.

We are happy to announce that we have recently received a credit rating upgrade to 'AA- / Stable', the highest notch in the microfinance industry. We currently charge one of the lowest interest rates to our customers and the future benefits accruing from the rating upgrade shall be gradually passed on to them. We have also been conferred the highest level of recognition, the 'Gold Standard’ in Client Protection Principle (CPP) Certification. It is a global framework that determines the degree of client protection practices followed across the loan cycle, in our pursuit of creating capital at the bottom of the pyramid.”

 

Result PDF

Finance company CreditAccess Grameen announced Q4FY22 results: 

  • Total income increased by 13.5% YoY from Rs 726.2 crore to Rs 824.5 crore
  • Net interest income (NII) increased by 12.1% YoY from Rs 463.7 crore to Rs 519.6 crore
  • Pre-provision operating profit (PPOP) increased by 12.1% YoY from Rs 329.0 crore to Rs 368.8 crore
  • Impairment of financial instruments declined by 39.7% YoY from Rs 250.4 crore to Rs 151.0 crore
    • Total ECL provisions were INR 533.9 crore (3.44%) against GNPA (largely @ 60 dpd) of 3.61%, and PAR 90 of 2.71%
    • Write-offs were Rs 294.4 crore
  • Profit After Tax (PAT) increased by 184.4% YoY from Rs 56.3 crore to Rs 160.1 crore
  • Liquidity remained strong at Rs 1,761.4 crore of cash & cash equivalents at the end of March 2022, amounting to 10.1% of the total assets
  • Healthy capital position with standalone CRAR of 26.5% and consolidated CRAR of 22.8%
  • A (Stable) Credit Rating affirmed by leading rating agencies in India.

 

 

Result PDF

Finance (including NBFCs) company CreditAccess Grameen declares Q3FY22 result:

  • Portfolio grew 18.4% YoY to INR 14,587 crore
  • Pre-provision Operating Profit grew 60.6% YoY to INR 274 crore
  • Profit After Tax grew 247.9% YoY to INR 117 crore
  • Crossed Major Landmark of USD 2 Billion Portfolio in Jan-22
  • GLP grew by 18.4% YoY from INR 12,321 crore to INR 14,587 crore
  • Disbursements grew by 2.8% YoY to INR 4,720 crore
  • Collection Efficiency in Dec-21 at CA Grameen was 95% (excl. arrears)/98% (incl. arrears). Excluding the non-paying NPA customers, Collection Efficiency in Dec-21 was 98% (excl. arrears)/101% (incl. arrears)
  • Collection Efficiency in Dec-21 at MMFL was 89% (excl. arrears)/91% (incl. arrears). Excluding the nonpaying NPA customers, Collection Efficiency in Dec-21 was 91% (excl. arrears)/94% (incl. arrears)
  • Branch network increased by 14.7% YoY to 1,593 with 48 new branches opened primarily in newer markets. Over 2 lakh new borrowers were added
  • Total income increased by 27.0% YoY from INR 543.0 crore to INR 689.7 crore
  • Net interest income (NII) increased by 35.5% YoY from INR 304.1 crore to INR 412.0 crore
  • Pre-provision operating profit (PPOP) increased by 60.6% YoY from INR 170.3 crore to INR 273.5 crore
  • Impairment of financial instruments declined by 57.2% YoY from INR 275.7 crore to INR 117.9 crore
  • Total ECL provisions were INR 671.0 crore (4.74%) against GNPA (largely @ 60 dpd) of 6.02%, and PAR 90 of 4.67%
  • Write-offs were INR 190.0 crore
  • Profit After Tax (PAT) increased by 247.9% YoY from INR -79.1 crore to INR 117.0 crore
  • Liquidity remained strong at INR 1,625.3 crore of cash & cash equivalents at the end of December 2021, amounting to 10.3% of the total assets
  • Healthy capital position with standalone CRAR of 29.4% and consolidated CRAR of 24.8%
  • A (Stable) Credit Rating affirmed by leading rating agencies in India

Commenting on the performance, Mr. Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said, “Our financial performance during Q3 FY22 was marked by significant improvement in operating profitability coupled with consistent improvement in asset quality, which helped us to reclaim our quarterly PAT of more than INR 100 crore after 2 years. Our consolidated loan portfolio grew by 18.4% YoY to INR 14,587 crore in Q3 FY22. Our collection efficiency excluding arrears consistently improved to 95% at CA Grameen and 89% at MMFL in Dec-21.

Overall, we opened 204 branches in the calendar year 2021 and added 5.42 lakh new borrowers of which 48% were outside the top 3 states, in line with our vision of being the preferred financial partner of households across the breadth and depth of the country. We are elated to announce that we have achieved a major milestone in January 2022 with our consolidated loan portfolio crossing USD 2 billion mark. It is a testament to our commitment towards the women empowerment journey and promoting egalitarian growth. We draw immense strength from our resilient business model and deep rural presence which helped us to consistently outperform despite temporary challenges due to the Omicron variant. Our collection efficiency excluding arrears further improved to 95.6% at CA Grameen and 90% at MMFL in Jan-22.

As we witness the pandemic severity gradually waning, we stand firm to our yearly guidance and are on track to achieve the same. Our learnings from previous waves and the pragmatic approach adopted give us enough confidence to weather the odds. The government has made its stance clear during the Budget 2022-23 with capital expenditure push and inclusive development agenda being the drivers of creating long-term job opportunities for millions of low income households. Given our strategic position of deep rural presence, we are proud to partner in this growth journey and contribute towards the next level of the capital creation story of Bharat.”

Result PDF

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Published on 19-Dec-2025 09:02

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Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Published on 19-Dec-2025 09:01

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

Published on 19-Dec-2025 09:00

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

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