CreditAccess Grameen Limited has delivered a remarkable turnaround in its third quarter FY26 performance, reporting exceptional growth across key financial metrics. The microfinance company's Board of Directors approved the quarterly results on January 20, 2026, showcasing a strong recovery from the previous year's challenges.

Financial Performance Highlights

The company's financial performance demonstrated significant improvement across all major parameters. The transformation from losses to substantial profits reflects the company's operational efficiency and market recovery.

Operational Efficiency and Cost Management

The company's operational metrics showed substantial improvement, particularly in asset quality and provisioning. Total expenses decreased to ₹1,153.39 crore from ₹1,510.86 crore in the corresponding quarter of the previous year, representing a significant 23.65% reduction.

Impairment on financial instruments declined dramatically to ₹342.57 crore from ₹751.86 crore year-on-year, indicating improved asset quality and collection efficiency. Finance costs also decreased to ₹459.34 crore compared to ₹474.87 crore in Q3FY25, demonstrating better cost of funds management.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, CreditAccess Grameen maintained strong performance momentum with consistent profitability and growth.

Employee Stock Option Plan Approval

The Board approved the grant of 9,12,500 stock options to eligible employees under the CAGL Employees Stock Option Plan – 2011. The exercise price has been set at ₹1,344.97 based on the daily average market price during the three months prior to the grant month.

Asset Quality and Regulatory Metrics

The company maintained strong regulatory compliance with robust capital adequacy and asset quality indicators. The Capital to Risk-Weighted Assets Ratio (CRAR) stood at 26.44%, well above regulatory requirements. Gross Stage III assets were contained at 4.04% with a provision coverage ratio of 67.22%.

The Liquidity Coverage Ratio (LCR) for Q3FY26 was reported at 195.89%, indicating strong liquidity management. The debt-equity ratio of 2.79 reflects a balanced capital structure for the NBFC's operations.

Business Segment and Geographic Focus

CreditAccess Grameen operates in a single business segment focused on lending to borrowers with similar risk profiles. The company maintains its geographic concentration in the domestic Indian market, serving microfinance and retail finance customers through its GrameenKoota brand.

During the quarter, the company allotted 2,01,381 equity shares upon exercise of employee stock options, compared to 1,08,978 shares in the corresponding quarter of the previous year. For the nine-month period, 3,60,383 shares were allotted against option exercises.

Source: CreditAccess Grameen Limited

CreditAccess Grameen Limited has completed the allotment of equity shares under its Employee Stock Option Plan (ESOP) to eligible employees. The company informed stock exchanges about this development through a regulatory filing on January 20, 2026.

ESOP Allotment Details

The Executive, Borrowings and Investment Committee of the Board of Directors approved the allotment during their meeting held on January 20, 2026. The allotment covers employees who had exercised their stock options under the company's established ESOP framework.

Share Rights and Ranking

The newly allotted ESOP shares will carry the same rights and privileges as existing equity shares of the company. These shares will rank pari-passu with the existing equity shares in all respects, ensuring equal treatment for all shareholders.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this allotment through proper regulatory channels.

The notification was signed by Deepti Ramani, Company Secretary & Compliance Officer, ensuring proper corporate governance procedures were followed throughout the allotment process.