CreditAccess Grameen Limited announced its unaudited financial results for Q2 FY27 (quarter ended September 30, 2026) through a regulatory filing pursuant to Regulation 30 of SEBI (Listing Regulations and Disclosure Requirements), 2015.

Business Highlights Q2 FY27

  • Assets Under Management (AUM) grew 19.5% YoY from ₹25,903 crore to ₹30,946 crore
  • Disbursements increased by 19.4% YoY from ₹5,322 crore to ₹6,355 crore
  • Retail Finance portfolio share reached 23.3% in September 2026 compared to 20.6% in June 2026
  • Added 2.3 lakh new borrowers in Q2, with 35% being New-to-Credit (NTC) customers
  • Added 4.9 lakh new borrowers in H1 FY27
  • PAR 0+ stood at 2.1% with PAR 90+ at 1.1%
  • X-Bucket Collection Efficiency stood at 99.71% in September 2026
  • Branch network grew by 5.3% YoY from 2,209 branches in September 2025 to 2,326 branches in September 2026
  • Employee base grew by 4.5% YoY from 21,701 to 22,677 employees

Financial Highlights Q2 FY27

  • Total income increased by 26.2% YoY to ₹1,904.8 crore
  • Pre-provision operating profit (PPOP) increased 39.6% YoY to ₹970.2 crore
  • Credit cost declined by 43.2% YoY to ₹299 crore
  • Profit Before Tax (PBT) grew 296.6% YoY from ₹169.2 crore to ₹670.9 crore
  • Profit After Tax (PAT) grew 298.7% YoY from ₹125.8 crore to ₹501.6 crore (highest quarterly PAT)
  • GNPA measured predominantly at 60+ dpd stood at 1.79%
  • NNPA measured predominantly at 60+ dpd stood at 0.59%
  • PAR 90+ stood at 1.11%
  • Liquidity position: ₹3,501.9 crore of cash, cash equivalents, and investments (10.2% of total assets)
  • Capital position: CRAR of 26.9%
  • Credit Rating: AA-/Stable by CRISIL, ICRA & India Rating

H1 FY27 Performance

  • PAT of ₹995 crore in H1 FY27 compared to ₹778 crore PAT in full FY26
  • H1 FY27 ROA stood at 5.9%
  • H1 FY27 ROE stood at 23.8%

Revised Guidance for FY27

  • ROA guidance revised upward from 4.0–4.8% to 5.2–5.8%
  • ROE guidance revised upward from 16.0–20.0% to 21.0–24.0%
  • AUM growth guidance retained at 20.0–25.0%
  • Credit cost guidance retained at 3.0–4.0%

Management Commentary

Mr. Ganesh Narayanan, Managing Director and Chief Executive Officer, stated that the company has reduced loan pricing by 50 bps effective from October 2026 in line with board-approved pricing policy. He emphasized the company's transformation into a diversified, rural-focused lender serving entire customer household financial needs including business loans, mortgages, affordable housing, and two-wheeler financing. For H2 FY27, the company will focus on responsible growth while remaining vigilant in districts showing drought-related challenges.

Company Overview

CreditAccess Grameen operates across 460 districts in 16 states and one union territory (Puducherry) through 2,326 branches. The company's promoter is CreditAccess India B.V., supported by leading global institutional investors.