Microfinance Institution CreditAccess Grameen announced Q2FY26 results Financial Highlights: Total income improved sequentially to Rs 1,509.0 crore. Pre-provision operating profit (PPOP) improved sequentially to Rs 694.8 crore. Profit Before Tax (PBT) improved sequentially by 108.5% from Rs 81.1 crore to Rs 169.2 crore. Profit After Tax (PAT) improved sequentially by 109.0% from Rs 60.2 crore to Rs 125.8 crore, resulting in RoA of 1.8% and RoE of 7.1%. Declining new PAR accretion led to sequential reduction in credit cost at Rs 525.7 crore. GNPA / NNPA predominantly measured at 60+ dpd was 3.65% / 1.26%, with PAR 90+ of 2.50%. Robust liquidity of Rs 2,175.5 crore of cash, cash equivalents, and investments, 7.9% of the total assets. Healthy capital position with a CRAR of 26.1%. Credit Rating: AA-/Stable by CRISIL, ICRA & India Ratings. Business Highlights: AUM increased 3.1% YoY from Rs 25,133 crore to Rs 25,904 crore. Disbursements increased by 32.9% YoY from Rs 4,004 crore to Rs 5,322 crore. Healthy new borrower addition of 2.20 lakh with 39% being New-to-Credit (NTC). Portfolio share of unique borrowers up from 36% in Q1FY26 to 41% in Q2FY26. PAR 0+ decreased from 5.9% in Q1FY26 to 4.7% in Q2FY26. Branch network grew by 8.8% YoY from 2,031 to 2,209 branches. Employee base grew by 10.9% YoY from 19,562 to 21,701. Collection Efficiency (incl. arrears) of 94.9% in Sep-25, improved from 94.1% in Jun-25. Retail Finance portfolio crosses Rs 2,500 crore mark, reflecting our customer-centric approach. Ganesh Narayanan, Managing Director & Chief Executive Officer, CreditAccess Grameen, said: "We reported an improved second-quarter performance, reflecting consistent business momentum. Despite the seasonally weaker nature of the second quarter, the outcome built on the strong trajectory established in Q1FY26, demonstrates the underlying strength of our business. We continue to add a healthy proportion of new-to-credit customers each quarter, resulting in the portfolio share of unique borrowers rising to 41%. Our employee base grew from 21,333 in Jun-25 to 21,701 in Sep-25 with annualised attrition rate of 28.9% in Q2FY26. Employee engagement and morale remain strong as we continue to drive steady growth, while maintaining a consistent focus on asset quality and profitability. We delivered a PAT of Rs 126 crore in Q2FY26, leading to ROA of 1.8% and ROE of 7.1%. The past few quarters clearly show that the industry has navigated challenges with remarkable resilience and discipline. We remain at the forefront of this upward trajectory, creating sustainable value for all stakeholders while reinforcing confidence in sector’s long-term strength.” Result PDF
Conference Call with CreditAccess Grameen Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
CreditAccess Grameen announced Q1FY26 results Total income improved sequentially to Rs 1,463.6 crore. Pre-provision operating profit (PPOP) was robust at Rs 653.0 crore. Profit Before Tax (PBT) improved sequentially by 58.8% from Rs 51.1 crore to Rs 81.1 crore. Profit After Tax (PAT) improved sequentially by 27.5% from Rs 47.2 crore to Rs 60.2 crore, resulting in ROA of 0.9% and ROE of 3.4%. Declining new PAR accretion led to sequential reduction in credit cost at Rs 571.9 crore. GNPA / NNPA predominantly measured at 60+ dpd was 4.70% / 1.78%, with PAR 90+ of 3.29%. Robust liquidity of Rs 2,025 crore of cash, cash equivalents, and investments, 7.3% of total assets. Healthy capital position with a CRAR of 25.5%. Credit Rating: AA-/Stable by CRISIL, ICRA & India Ratings. Ganesh Narayanan, Chief Executive Officer & Managing Director (Designate) of CreditAccess Grameen, said: “We have commenced FY26 with a positive business momentum, setting the tone for the year ahead. Our Q1FY26 performance reflects progress across all key dimensions of the business with the highest-ever first-quarter disbursements of Rs 5,458 crore. We witnessed a broad-based decline in monthly new delinquency rate across all operating geographies, reducing to 0.46% in June 2025, from 1.34% in November 2024 supported by stable manpower, disciplined customer engagement and consistent reduction in customer leverage. Our growing workforce, with employee count rising from 20,970 in March 2025 to 21,333 in June 2025, while maintaining a controlled annualised attrition rate of 27.1% for Q1FY26, has translated into improved customer servicing and supporting our asset quality outcomes. At the same time, our liability profile saw robust traction where we raised Rs 2,570 crore, including partial drawdowns from USD 100 million multi-currency syndicated social loan facility comprising of JPY and USD denominated commitments. This landmark deal with participation from leading lenders from South Asia and Far East, was priced competitively at par with domestic borrowings and below our average cost of borrowing. On the diversification front, the share of our Retail Finance portfolio, the strategic growth lever, increased YoY from 2.9% to 6.8% of the AUM. The outlook for FY26 remains encouraging, with favourable monsoon forecasts and strengthening rural sentiment, laying the groundwork for sectoral revival.” Result PDF