Investor Presentation
CREDITACC · price
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CreditAccess Grameen reported strong Q4 FY26 results with PAT surging 619.4% YoY to INR 340 Cr and AUM growing 14.0% YoY to INR 29,590 Cr. For the full year FY26, PAT rose 46.3% YoY to INR 778 Cr, with ROE recovering to 10.7% (vs. 7.7% in FY25). Asset quality improved markedly: GNPA declined to 3.17% from 4.76%, and PAR 90+ stood at 2.28%, back to pre-crisis levels. The company aligned with MFIN guardrails, reducing multi-lender GL AUM exposure from 25.3% (Aug-24) to 3.3% (Mar-26). FY27 guidance targets AUM growth of 20-25% and ROE of 16-20%, but NIM is expected to compress to 12.8-13.2% from FY26's 13.4% due to competitive dynamics and portfolio mix shifts. Project 'Shakti' outlines multi-year targets including 20-25% AUM CAGR, 8-10% customer CAGR, ROA of 4.0-4.5%, and ROE of 18-20% over the next decade.
Strong recovery in profitability and asset quality signals the worst of the MFI crisis is over, but margin guidance for FY27 indicates competitive headwinds and mix shift toward lower-yield products may pressure net interest income going forward.