Date: July 24, 2026

Business Highlights: Q1 FY27

  • AUM grew 16.4% YoY from INR 26,055 crore to INR 30,319 crore
  • Disbursements increased by 11.9% YoY from INR 5,458 crore to INR 6,107 crore
  • Retail Finance portfolio share at 20.6% in June 2026 versus 18.1% in March 2026
  • Added 2.5 lakh new borrowers with 35% being New-to-Credit (NTC)
  • Portfolio share of unique borrowers in Group Lending at 46% in Q1 FY27 versus 36% in Q1 FY26
  • PAR 0+ decreased from 3.0% in Q4 FY26 to 2.2% in Q1 FY27
  • X-Bucket Collection Efficiency stood at 99.68% in June 2026
  • Branch network grew by 7.7% YoY from 2,114 in June 2025 to 2,276 branches in June 2026
  • Employee base grew by 3.0% YoY from 21,333 to 21,981 with annualised quarterly attrition rate of 20.6%

Financial Performance

Income Statement

  • Total income increased by 21.9% YoY to INR 1,784 crore
  • Pre-provision operating profit (PPOP) increased 33.6% YoY to INR 873 crore
  • Credit cost declined by 62.8% YoY to INR 212.5 crore or 0.72% on a non-annualized basis
  • Profit Before Tax (PBT) grew 713.7% YoY from INR 81.1 crore to INR 660.0 crore
  • Profit After Tax (PAT) grew 719.7% YoY from INR 60.2 crore to INR 493.4 crore

Asset Quality & Risk Metrics

  • GNPA measured at 60+ dpd (GL) stood at 2.18%
  • NNPA measured at 60+ dpd (GL) stood at 0.76%
  • PAR 90+ of 1.46%

Balance Sheet & Capital Position

  • Robust liquidity of INR 3,535.5 crore of cash, cash equivalents, and investments
  • Liquidity represents 10.4% of total assets
  • Capital position with CRAR of 24.9%
  • Credit Rating: AA-/Stable by CRISIL, ICRA & India Rating
  • Completed private NCD issuance of INR 425 crore during the quarter
  • Foreign borrowings at 23.9% of liability mix

Management Commentary

Mr. Ganesh Narayanan, Managing Director and Chief Executive Officer, commented on the business performance:

  • The Company delivered a steady and disciplined performance in Q1 FY27 despite typical Q1 seasonality and continued write-offs over the past 12 months
  • Retail Finance growth driven by graduation of long-vintage, credit-tested customers into secured, higher-ticket products
  • Expects this graduation trend to gain further momentum
  • Asset quality metrics remained within expected range through the quarter
  • Sustained collection efficiency across all operating geographies
  • Strong improvement in profitability for the second consecutive quarter
  • Expects this trajectory to be sustained through the rest of the year to achieve FY27 performance guidance
  • Outcomes lay a strong foundation to undertake 'Project Shakti,' the company's transformational journey

Company Overview

CreditAccess Grameen Limited is India's leading rural-focused inclusive financing platform headquartered in Bengaluru. The Company provides a curated lifecycle credit suite to low-middle income households spanning:

  • Group loans
  • Individual business loans
  • Secured business loans
  • Affordable housing loans
  • Two-wheeler financing

Operational footprint:

  • 457 districts across 16 states and 1 union territory (Puducherry)
  • 2,276 branches
  • States: Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal

The Company's Promoter is CreditAccess India B.V., a multinational company focused on inclusive financing, supported by leading global institutional investors.