CreditAccess Grameen Limited – First Quarter FY26‑27 Results

CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770), India’s leading rural‑focused inclusive financing platform, released its unaudited Q1 FY27 financials on 25 July 2026.

Business Highlights (Q1 FY27)

  • Assets under Management (AUM) increased 16.4% year‑on‑year (YoY) from INR 26,055 crore to INR 30,319 crore.
  • Disbursements rose 11.9% YoY, moving from INR 5,458 crore to INR 6,107 crore.
  • Retail finance portfolio share reached 20.6% in June 2026, up from 18.1% in March 2026.
  • The company added 250,000 new borrowers, of which 35% were classified as New‑to‑Credit (NTC).
  • Share of unique borrowers in group‑lending grew to 46% in Q1 FY27, compared with 36% in Q1 FY26.
  • PAR 0+ (performing assets) improved, decreasing from 3.0% in Q4 FY26 to 2.2% in Q1 FY27.
  • X‑Bucket collection efficiency was 99.68% in June 2026.
  • Branch network expanded 7.7% YoY, from 2,114 branches in June 2025 to 2,276 branches in June 2026.
  • Employee headcount rose 3.0% YoY to 21,981, with an annualised quarterly attrition rate of 20.6%.

Financial Highlights (Q1 FY27)

  • Total income grew 21.9% YoY to INR 1,784 crore.
  • Pre‑provision operating profit (PPOP) increased 33.6% YoY to INR 873 crore.
  • Credit cost fell 62.8% YoY to INR 212.5 crore, representing 0.72% on a non‑annualised basis.
  • Profit before tax (PBT) surged 713.7% YoY from INR 81.1 crore to INR 660.0 crore.
  • Profit after tax (PAT) rose 719.7% YoY from INR 60.2 crore to INR 493.4 crore.
  • GNPA (gross non‑performing assets) / NNPA (net non‑performing assets) measured at 60+ days past due (GL) stood at 2.18% / 0.76%; PAR 90+ was 1.46%.
  • Liquidity comprised INR 3,535.5 crore in cash, cash equivalents, and investments, equal to 10.4% of total assets.
  • Capital adequacy ratio (CRAR) was robust at 24.9%.
  • Credit ratings from CRISIL, ICRA and India Ratings were AA‑/Stable.

Funding and Capital Actions

  • During the quarter the company completed a private non‑convertible debenture (NCD) issuance of INR 425 crore, diversifying its liability base.
  • Foreign borrowings accounted for 23.9% of the overall liability mix.

Management Commentary

Mr. Ganesh Narayanan, Managing Director and Chief Executive Officer, stated: “The Company delivered a steady and disciplined performance in Q1 FY27. AUM grew 16.4% YoY to INR 30,319 crore, notwithstanding the typical Q1 seasonality and continued write‑offs over the past 12 months. Retail Finance now constitutes 20.6% of AUM, up from 18.1% a quarter ago, driven by the graduation of long‑vintage, credit‑tested customers into secured, higher‑ticket products, a trend that is expected to gain further momentum. During the quarter, we also completed a private NCD issuance of INR 425 crore, which further diversifies our liability base. Our overall funding profile remains healthy, with foreign borrowings at 23.9% of our liability mix and capital position remaining strong with CRAR at 24.9%. Our asset quality metrics remained within our expected range through the quarter, supported by sustained collection efficiency across all operating geographies. Our continued ability to recover quickly, drove strong improvement in profitability, a trend now visible for the second consecutive quarter. We expect this trajectory to be sustained through the rest of the year helping achieve our FY27 performance guidance. Operating metrics continued to strengthen, with PPOP up 33.6% YoY to INR 873 crore, followed by 62.8% YoY decline in Credit Cost to INR 212 crore, resulting in a PAT of INR 493 crore, up 719.7% YoY. These outcomes lay a strong foundation to undertake ‘Project Shakti,’ our transformational journey anchored in the strength and resilience of the communities we serve.”

About CreditAccess Grameen Limited

CreditAccess Grameen Limited is headquartered in Bengaluru and operates across 457 districts in 16 Indian states—Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal—and one union territory (Puducherry) through 2,276 branches. The company offers a curated lifecycle credit suite to low‑middle‑income households, including group loans, individual business loans, secured business loans, affordable housing loans, and two‑wheeler financing. Its promoter is CreditAccess India B.V., a multinational focused on inclusive financing and backed by leading global institutional investors.

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