CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Investor Presentation
CREDITACC · price
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Awaiting price reaction for this filing.
CreditAccess Grameen reported Q1 FY26 results with Gross Loan Portfolio of INR 26,055 Cr (down 0.9% YoY) and disbursements of INR 5,458 Cr (up 21.9% YoY), the highest-ever first quarter disbursements. Profit After Tax fell sharply to INR 60 Cr (-84.9% YoY) due to elevated credit costs and accelerated write-offs of INR 693 Cr (including INR 603 Cr from balance sheet cleanup). Asset quality showed gradual improvement with monthly PAR 15+ accretion rate declining from 1.34% in Nov-24 to 0.46% in Jun-25, GNPA at 4.70%, and collection efficiency at 93.2%. The company holds INR 2,025 Cr in cash and equivalents, with CRAR of 25.5% providing strong capital cushion. Management has guided for FY26 GLP growth of 14-18%, NIM of 12.6-12.8%, ROA of 2.9-3.4% improving to >4.5% in Q3/Q4, and ROE improving to >18% in the second half.
The sharp PAT decline and elevated credit costs in Q1 are largely a one-time balance sheet normalization event; the FY26 guidance signals significant recovery in profitability from H2 onwards, which could support sentiment. However, near-term stock reaction may remain muted until asset quality improvement translates to actual earnings recovery in Q3/Q4 FY26.