CREDITACCESS GRAMEEN LIMITED has informed the Exchange about Transcript
CREDITACC · price
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CreditAccess Grameen reported its highest-ever Q1 disbursements, with asset quality showing clear stabilization — PAR 15+ monthly accretion fell to 0.46% in June 2025 versus 1.34% in November 2024, though Karnataka remains elevated at 0.58%. The company added 2.16 lakh borrowers (43% new-to-credit) and opened 54 branches. It undertook Rs. 693 crore in write-offs including Rs. 603 crore accelerated write-off, leading to Rs. 193 crore additional credit cost in Q1. Financial highlights include NIM steady at 12.8%, cost-to-income at 33.5%, PAT of Rs. 60 crore, ROA of 0.9%, and capital adequacy of 25.5%. Cost of borrowings improved 8 bps to 9.7%, aided by a maiden $100 million multi-currency social loan. Management retained FY26 credit cost guidance of 5.5%-6%, expecting H2 to drop to a 3-3.5% annualized run rate, with disbursement growth guided at 14-18% and overall AUM growth at 20-25%.
Positive for shareholders — clear visibility on credit cost normalization in H2 FY26, improving cost of funds trajectory, and a credible path to retail finance diversification (12-15% of book by FY28) should support re-rating once asset quality fully stabilizes.