CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Interim Business Update
CREDITACC · price
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Awaiting price reaction for this filing.
CreditAccess Grameen reported strong Q1 FY26 business momentum with its highest-ever first quarter disbursements. Gross Loan Portfolio (GLP) grew to ₹26,055 crore in Jun-25 from ₹25,948 crore in Mar-25, a 3.1% QoQ growth on a pre-write-off basis while adhering to MFIN guardrails. The company added around 2 lakh new borrowers and expanded its employee base from 20,970 to 21,333. Asset quality showed broad-based improvement: PAR 0+ fell from 6.9% to 5.9%, and PAR 30+ declined from 5.5% to 4.9%, aided by ₹693 crore of write-offs in the quarter. However, Karnataka remains a concern, with PAR 90+ rising sharply from 2.4% to 5.1%, even as monthly PAR 15+ accretion rates declined across all operating states.
Positively viewed by investors as it signals improving business momentum and stabilizing asset quality outside Karnataka. The persistent stress in Karnataka (higher PAR 90+) and large write-offs may temper enthusiasm, but the overall trend supports a stable outlook for the stock.