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Informist, Tuesday, Jan. 20, 2026

 

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--CreditAccess Oct-Dec net profit INR 2.52 bln vs loss INR 995.2 mln yr ago 
--CreditAccess Oct-Dec revenue INR 14.90 bln vs INR 13.80 bln year ago 
--CreditAccess Apr-Dec net profit INR 4.38 bln vs INR 4.84 bln year ago 
--CreditAccess Apr-Dec revenue INR 44.62 bln vs INR 43.46 bln year ago 
--CreditAccess Oct-Dec net interest income INR 9.77 bln, up 13.4% on year 
--CreditAccess Oct-Dec NIM 13.9% vs 13.3% in qtr ago, 12.5% year ago 
--CreditAccess gross loan portfolio INR 265.66 bln Dec 31, up 7.1% on year 
--CreditAccess Oct-Dec loan disbursement INR 57.67 bln, up 13.4% on year 
--CreditAccess gross NPA ratio 4.04% as on Dec 31 vs 3.65% qtr ago 
--CreditAccess net NPA ratio 1.36% as on Dec 31 vs 1.26% qtr ago 

By Shumaila Firoz

 

MUMBAI – A sharp fall in impairment of financial instruments and a steady growth in net interest income helped CreditAcess Grameen Ltd. report a strong improvement in its earnings performance for the December quarter compared to a loss in the corresponding period a year ago. Sequentially, the company's net profit doubled. 

 

The non-banking finance company reported a net profit of INR 2.52 billion in the reporting quarter against a loss of INR 995.20 million in the year-ago quarter. The bottom line for the December quarter was also higher than the Street's estimate of INR 2.26 billion. 

 

The company's net interest income for the latest quarter was INR 9.77 billion, up 13% on year. It rose only marginally on a sequential basis. Meanwhile, the total income for the quarter rose 8% on year to INR 14.91 billion. 

 

The company's credit impairment more than halved to INR 3.43 billion in the December quarter from INR 7.52 billion a year ago.

 

CreditAcess Grameen's impairment of financial instruments, the second-largest contributor to total expenses, was down 35% on quarter. The company's finance costs, its largest expense, was INR 4.59 billion for Oct-Dec, down over 3% on year, while employee benefit expenses rose over 27% to INR 2.27 billion. 

 

The company's top line was INR 14.90 billion for the December quarter, up from INR 13.80 billion a year ago. Its revenue was INR 44.62 billion for the nine months ended December, up from INR 43.46 billion in the same period a year ago. 

 

The bottom line was INR 4.38 billion for Apr-Dec, down from INR 4.84 billion a year ago.

 

The company's net interest margin rose to 13.9% in Oct-Dec from 12.5% in the year-ago quarter. It rose 6 basis points sequentially. The gross loan portfolio was INR 265.66 billion, up 7.1% on year, while disbursements rose to INR 57.67 billion, up 13.4% on year. 

 

Asset quality deteriorated during the quarter. The gross non-performing asset ratio rose to 4.04% from 3.65% in the previous quarter, while the net non-performing asset ratio increased to 1.36% from 1.26% a quarter ago. 

 

On Tuesday, shares of CreditAccess Grameen closed at INR 1,242.60 on the National Stock Exchange, down over 3%.  End 

 

Edited by Tanima Banerjee

 

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