CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Board meeting held on July 22, 2025.
CREDITACC · price
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CreditAccess Grameen, an NBFC-MFI, announced its Q1 FY26 results with standalone and consolidated numbers being identical. Total revenue from operations stood at ₹1,462.89 crore, down about 3.3% from ₹1,512.03 crore in Q1 FY25. Profit after tax collapsed to ₹60.19 crore from ₹397.66 crore in the year-ago quarter, an 85% drop, mainly because impairment on financial instruments more than tripled to ₹571.85 crore (from ₹174.59 crore). EPS basic fell to ₹3.77 from ₹24.95. On the asset quality front, Gross Stage 3 (NPA) stood at 4.70%, Net Stage 3 at 1.78%, with provision coverage of 63.16%. Capital position remains comfortable with CRAR at 25.55% and liquidity coverage ratio at 180.66%. Debt-to-equity ratio is 2.87x with net worth of ₹7,004 crore. The results also reflect a change in joint statutory auditor — Walker Chandiok & Co LLP has taken over from PKF Sridhar & Santhanam LLP, which had reviewed the corresponding prior-year quarter.
Sharply higher loan-loss provisioning is the standout negative, dragging profitability down ~85% even as the lending book remained broadly stable. However, asset quality metrics, capital adequacy (CRAR 25.55%) and liquidity (LCR 180%) are still healthy, suggesting this is a quarter of conservative provisioning rather than a structural weakness. Mixed signals for shareholders in the near term — weaker earnings but a fortified balance sheet.