CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
CREDITACC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CreditAccess Grameen reported FY25 (consolidated/standalone broadly similar) revenue from operations of ₹5,752 crore, up about 11% from ₹5,167 crore in FY24, driven by higher interest income of ₹5,547 crore. However, net profit after tax collapsed to ₹531 crore from ₹1,446 crore in FY24, a drop of roughly 63%, mainly due to a more than 4x jump in impairment on financial instruments to ₹1,930 crore (from ₹452 crore). Q4 FY25 swung back to a small profit of ₹47 crore after a Q3 loss of ₹200 crore. The Board has not proposed any dividend for FY25, against ₹10 per share paid for FY24. Asset quality shows Gross Stage III at 4.76% and Net Stage III at 1.73%, with CRAR at a healthy 25.42% and debt-to-equity at 2.95.
The sharp drop in profit on the back of sharply higher loan-loss provisions is a negative for short-term sentiment, but stable capital adequacy and contained NPAs suggest underlying franchise health. The dividend skip will disappoint income-focused shareholders.