CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Investor Presentation
CREDITACC · price
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CreditAccess Grameen has shared a revised investor deck covering Q4 and FY25 results. Gross Loan Portfolio stood at INR 25,948 Cr, down 2.9% YoY, while full-year PAT fell 63.2% to INR 531 Cr due to sharply higher credit costs (7.68%) and accelerated write-offs of INR 1,124 Cr, including INR 479 Cr in Q4 alone tied to Karnataka delinquencies. Asset quality remains stressed with GNPA at 4.76% and PAR 90+ at 3.28%, though the company says PAR trends are normalising across all states except Karnataka, which it expects to recover by end of Q1 FY26. The company has healthy buffers — CRAR of 25.4%, INR 2,336 Cr of cash, and INR 8,356 Cr in sanctions/pipeline. Retail Finance share has risen sharply from 2.7% to 5.9% of GLP. FY26 guidance points to GLP growth of 14–18%, NIM of 12.6–12.8%, credit cost of 5.5–6.0%, and steady-state ROA of >4.5% in H2 FY26.
Short-term profitability remains pressured as elevated credit costs continue to weigh on returns, with FY26 ROA guided at just 2.9–3.4%. However, the clear deleveraging of borrowers, stabilising PAR trends outside Karnataka, and a strong capital position offer a path to recovery in H2 FY26, which could be a positive catalyst for the stock if execution holds.