Credit Access Grameen
1,234.10
-8.50(-0.68%)
Market Cap₹19,849.20 Cr
PE Ratio102.32
Company Performance:
1D-0.68%
1M-3.97%
6M+14.59%
1Y-5.69%
5Y+110.72%
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More news about Credit Access Grameen
10Jun 25
CreditAccess Grameen Secures $100 Million Multi-Currency Syndicated Social Loan from Asian Banks
CreditAccess Grameen, India's largest NBFC-MFI, has obtained a $100 million multi-currency syndicated social loan from South Asian and Far East banks. The loan, led by Standard Chartered Bank, is structured in Japanese yen and US dollars. Initially planned for $70 million, it was increased to $100 million due to strong interest from seven participating banks, primarily from Korea and Japan. The funds are designated for eligible social projects, aligning with the company's microfinance focus.
21May 25
CreditAccess Grameen Faces Challenges in Q4, Expects Recovery Ahead
CreditAccess Grameen faced a difficult Q4 with rising slippages, higher credit costs, and increased GNPA. Revenue grew 1.87% YoY to ₹1,407.70 crore, but net profit declined 88.11% to ₹47.20 crore. Regional performance varied, with improved Portfolio at Risk outside Karnataka, while Karnataka and Tamil Nadu saw higher delinquencies. The company projects credit costs to normalize to 3.5% by H2 FY26 and expects improved RoA and RoE for FY26. Analysts have reduced FY27 earnings estimates in response.
19May 25
CreditAccess Grameen Reports Q4 Profit Dip, Analysts Project Downside
CreditAccess Grameen's Q4 net profit fell 88.11% to ₹47 crore, with revenue declining 3.52% to ₹1,407.70 crore. Asset quality deteriorated with GNPA rising to 4.76% and NNPA to 1.73%. The company approved ₹2,000 crore fundraising through non-convertible debentures. Future guidance includes 14-18% loan growth and 12-13% ROE for FY26, with elevated credit costs of 5.5-6% expected. Analysts have mixed views, with some downgrading the stock while others maintain a neutral stance.
16May 25
CreditAccess Grameen Approves ₹2,000 Crore NCD Fundraising Plan
CreditAccess Grameen's board has approved raising up to ₹2,000 crore through non-convertible debentures (NCDs). This significant financial move aims to boost the microfinance company's capital base, potentially facilitating expansion, loan portfolio growth, and debt restructuring.
16May 25
CreditAccess Grameen: Q4 Profit Turnaround, Annual Decline, and Leadership Change
CreditAccess Grameen reported a Q4 consolidated net profit of 47.20 crore rupees, reversing previous quarter's loss. Annual profit declined to 531.00 crore rupees. GNPA increased to 4.76%. Udaya Kumar Hebbar to step down as MD, succeeded by Ganesh Narayanan from June 26.
08Apr 25
CreditAccess Grameen Reports Mixed Q4 FY25 Results: AUM Dips, Asset Quality Challenges Persist
CreditAccess Grameen's Q4 FY25 update shows a 2.90% YoY decline in Gross Loan Portfolio to ₹25,948.00 crore, despite adding 2.5 lakh new borrowers. Asset quality deteriorated with PAR 90+ increasing to 3.30%. State-wise performance varied, with Karnataka showing increased stress. Collection efficiency improved in most regions, with the company expanding its employee base for enhanced recovery efforts. Management noted positive business momentum but acknowledged ongoing asset quality challenges.
06Mar 25
CreditAccess Grameen Reports 2.4% Loan Growth Amid Karnataka Stabilization
CreditAccess Grameen's gross loan portfolio grew 2.4% to ₹25,395 crore by February 2025. Karnataka portfolio increased 1% to ₹8,010 crore despite regulatory challenges. Overall PAR 0+ rose to 7.5%, while PAR 90+ increased to 3.4%. The company added over 1.5 lakh new borrowers in Jan-Feb 2025. Collection efficiency in Karnataka improved to 98% by late February. The company expanded its employee base to 20,265 and expects Karnataka operations to normalize within 1-2 months. Stock rose 10% to ₹1,012.2 on NSE.
Credit Access Grameen
1,234.10
-8.50
(-0.68%)
1 Year Returns:-5.69%
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