Key Financial Performance - Q2 FY27

  • AUM: ₹30,946 Cr (19.5% YoY growth, 2.1% QoQ growth)
  • Disbursements: ₹6,355 Cr (19.4% YoY growth, 4.1% QoQ growth)
  • Net Interest Income (NII): ₹1,278 Cr
  • Pre-Provision Operating Profit (PPOP): ₹970 Cr (39.6% YoY growth)
  • Profit After Tax (PAT): ₹502 Cr (298.7% YoY growth)
  • Interest Spread: 13.2%
  • Net Interest Margin (NIM): 15.1%
  • Return on Assets (ROA): 5.8% (TTM basis)
  • Return on Equity (ROE): 23.2% (TTM basis)
  • Cost-to-Income Ratio: 28.2%

Key Financial Performance - H1 FY27

  • Disbursements: ₹12,461 Cr (15.6% YoY growth)
  • PAT: ₹995 Cr (435.0% YoY growth)
  • ROA: 5.9%
  • ROE: 23.8%

Asset Quality Metrics

  • Collection Efficiency: 97.9% (excluding arrears), 98.1% (including arrears)
  • GNPA (GL: 60+ dpd, RF: 90+ dpd): 1.79%
  • NNPA: 0.59%
  • PAR 90+: 1.11%
  • ECL Provisioning: 3.31% (includes 0.45% macro-prudential buffer of ₹137 Cr)
  • Write-offs: ₹250 Cr in Q2 FY27, ₹614 Cr in H1 FY27
  • Credit Cost: 0.99% (non-annualized) for Q2 FY27

Capital Adequacy

  • CRAR: 26.9% (Tier 1: 26.2%)
  • Debt-to-Equity Ratio: 2.8
  • Total Equity: ₹8,919 Cr
  • Liquidity Assets: ₹3,502 Cr (10.2% of total assets)

Operational Metrics

  • Active Borrowers: 44.98 lakh (1.3% YoY growth)
  • New Borrowers Added: 2.3 lakh in Q2 (35% New to Credit), 4.9 lakh in H1
  • Branches: 2,326 (+5.3% YoY, 60 new branches opened in Q2)
  • Employees: 22,677 (+4.5% YoY)
  • Digital Collections: 26.3%
  • Grameen Mahi App Registration: 38.1% of borrower base (17.1 lakh active registered customers)

Portfolio Composition

  • Group Loans (GL): ₹23,746 Cr (76.7% of AUM)
  • Income Generation Loans: ₹20,982 Cr (88% of GL)
  • Other Life-cycle Loans: ₹2,764 Cr (12% of GL)
  • Retail Finance (RF): ₹7,200 Cr (23.3% of AUM)
  • Individual Business Loans + Other Life-cycle Loans: ₹6,504 Cr (90% of RF)
  • Secured Business Loans: ₹321 Cr (5% of RF)
  • Affordable Housing Loans: ₹311 Cr (4% of RF)
  • Two-wheeler Loans: ₹63 Cr (1% of RF, grew from ₹20 Cr in Q1)

Funding & Liquidity

  • Funding Sanctions: ₹6,759 Cr (in hand) + ₹5,925 Cr (in pipeline)
  • Borrowings Mix: 61.5% bank borrowings, 23.4% foreign borrowings
  • Diverse Lender Base: 76 lenders (45 commercial banks, 3 financial institutions, 24 foreign lenders, 8 NBFCs, 5 other corporates, 1 wealth management firm, 1 insurance company)
  • Cost of Borrowings: 9.1% (weighted average)

Geographic Distribution

  • Top States by AUM: Karnataka (29.4%), Maharashtra (21.7%), Tamil Nadu (17.6%), Madhya Pradesh (8.2%), Bihar (4.8%)
  • Branch Network: Karnataka (389), Maharashtra (353), Tamil Nadu (380), Madhya Pradesh (199), Bihar (158), Other States & UT (847)
  • Operational Presence: 460 districts across India

Revised FY27 Guidance

  • AUM Growth: 20.0-25.0% (no change)
  • NIM: 14.4-14.7% (vs previous 12.8-13.2%)
  • Cost-to-Income Ratio: 29.0-30.0% (vs previous 33.0-35.0%)
  • Credit Cost: 3.0-4.0% (no change)
  • ROA: 5.2-5.8% (vs previous 4.0-4.8%)
  • ROE: 21.0-24.0% (vs previous 16.0-20.0%)

Strategic Initiatives

  • Project 'Shakti': Focus on building leadership in inclusive finance with customer-first approach
  • Digital Transformation: Grameen Mahi app enabling digital loan repayments, eligibility checks, and loan applications in 10 vernacular languages
  • Secured Lending Expansion: Secured book grew 60.9% YoY to ₹695 Cr
  • Customer Graduation: Focus on moving vintage MFI customers to retail finance products

ESG & CSR Initiatives

  • ESG Ratings: Sustainalytics (20.7, Medium Risk), S&P Global (53/100), CDP (C - Awareness)
  • Social Bond Framework: Certified by Sustainalytics, aligned with Social Bond Principles 2021
  • Client Protection: Gold Level certification from M-CRIL
  • CSR Focus Areas: Education, Health, Livelihood, Rural Development, Disaster Relief

Credit Ratings

  • Bank Facilities & NCDs: AA- (Stable) by Ind-Ra, ICRA, CRISIL
  • Commercial Paper: A1+ by ICRA
  • Microfinance Grading: M1C1 by M-CRIL