CreditAccess Grameen Reports Q1 FY27 PAT Surge of 719.7% YoY to ₹493.4 Crore; AUM Reaches ₹30,319 Crore

CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770), India's leading rural-focused inclusive financing platform, today announced its unaudited and limited reviewed consolidated financial performance for the first quarter of FY 2026-27 (Q1 FY27) ended June 30, 2026.

The company registered a 719.7% year-on-year (YoY) surge in Net Profit After Tax (PAT) to ₹493.39 crore, driven by robust top-line growth and a significant 62.8% YoY decline in impairment costs.

Key Financial Highlights (Q1 FY27 vs Q1 FY26 & Q4 FY26)

Total Revenue from Operations: Surged by 21.91% YoY to ₹1,783.49 crore, compared to ₹1,462.89 crore in Q1 FY26 and ₹1,597.27 crore in Q4 FY26.

Total Income: Advanced 21.92% YoY to ₹1,784.41 crore, up from ₹1,463.63 crore in Q1 FY26 and ₹1,598.58 crore in Q4 FY26.

Pre-Provision Operating Profit (PPOP): Increased 33.6% YoY to ₹873 crore.

Impairment / Credit Costs: Declined sharply by 62.84% YoY to ₹212.50 crore (or 0.72% non-annualized), compared to ₹571.85 crore in Q1 FY26 and ₹335.31 crore in Q4 FY26.

Profit Before Tax (PBT): Rose 713.65% YoY to ₹660.03 crore, up from ₹81.12 crore in Q1 FY26 and ₹445.00 crore in Q4 FY26.

Tax Provisioning: Total tax expense for the quarter stood at ₹166.64 crore (Current tax of ₹132.13 crore and Deferred tax of ₹34.51 crore).

Net Profit After Tax (PAT): Came in at ₹493.39 crore, representing a 719.72% YoY surge compared to ₹60.19 crore in Q1 FY26 and a 45.31% sequential increase from ₹339.55 crore in Q4 FY26.

Total Comprehensive Income: Stood at ₹493.10 crore, compared to ₹57.40 crore in Q1 FY26.

Net Profit Margin: Recorded at 27.66%.

Earnings Per Share (EPS): Basic EPS rose to ₹30.79 (Diluted EPS: ₹30.65), compared to ₹3.77 in Q1 FY26 and ₹21.20 in Q4 FY26.

Operational & Business Highlights

Assets Under Management (AUM): Grew 16.4% YoY to ₹30,319 crore, up from ₹26,055 crore in Q1 FY26.

Disbursements: Increased 11.9% YoY to ₹6,107 crore, compared to ₹5,458 crore in Q1 FY26.

Portfolio Diversification: Retail Finance portfolio share expanded to 20.6% in June 2026, compared to 18.1% in March 2026.

Borrower Base Expansion: Added 2.5 lakh new borrowers during the quarter, with 35% being New-to-Credit (NTC).

Group Lending Dynamics: Unique borrowers share in Group Lending expanded to 46% in Q1 FY27, up from 36% in Q1 FY26.

Branch Network: Expanded by 7.7% YoY to 2,276 branches across India (from 2,114 in June 2025).

Workforce: Total employee strength increased 3.0% YoY to 21,981 employees, with an annualized quarterly attrition rate of 20.6%.

Asset Quality, Collection & Capital Position

Portfolio At Risk (PAR): PAR 0+ improved significantly, dropping from 3.0% in Q4 FY26 to 2.2% in Q1 FY27. PAR 90+ stood at 1.46%.

NPA Metrics: Gross NPA (GNPA) / Net NPA (NNPA) measured at 60+ dpd (Group Lending) stood at 2.18% / 0.76%.

Collection Efficiency: X-Bucket Collection Efficiency reached 99.68% in June 2026.

Capital Adequacy (CRAR): Maintained a strong capital buffer with CRAR standing at 24.9%.

Net Worth: Total Net Worth rose to ₹8,270.21 crore, with a Debt-Equity ratio of 3.04 and Total Debts to Total Assets ratio at 0.74.

Liquidity Buffer: Total cash, cash equivalents, and investments stood at ₹3,535.5 crore, representing 10.4% of total assets.

Credit Rating: Rated AA-/Stable by CRISIL, ICRA, and India Ratings.

Expense Breakdown (Q1 FY27)

Total consolidated expenses for Q1 FY27 stood at ₹1,124.38 crore, down from ₹1,382.51 crore in Q1 FY26 due to lower provisioning needs:

Finance Costs: ₹550.05 crore (versus ₹482.16 crore in Q1 FY26).

Impairment on Financial Instruments: ₹212.50 crore (versus ₹571.85 crore in Q1 FY26).

Employee Benefit Expenses: ₹242.02 crore (versus ₹221.21 crore in Q1 FY26).

Depreciation & Amortization: ₹16.21 crore (versus ₹15.22 crore in Q1 FY26).

Fee & Commission Expense: ₹0.57 crore (versus ₹0.97 crore in Q1 FY26).

Other Expenses: ₹103.03 crore (versus ₹91.10 crore in Q1 FY26).

Commenting on the business performance, Mr. Ganesh Narayanan, Managing Director and Chief Executive Officer of CreditAccess Grameen Ltd, remarked, "The Company delivered a steady and disciplined performance in Q1 FY27. AUM grew 16.4% YoY to INR 30,319 crore, notwithstanding the typical Q1 seasonality and continued write-offs over the past 12 months. Retail Finance now constitutes 20.6% of AUM, up from 18.1% a quarter ago, driven by the graduation of long-vintage, credit-tested customers into secured, higher-ticket products, a trend that is expected to gain further momentum. During the quarter, we also completed a private NCD issuance of INR 425 crore, which further diversifies our liability base. Our overall funding profile remains healthy, with foreign borrowings at 23.9% of our liability mix and capital position remaining strong with CRAR at 24.9%.

Our asset quality metrics remained within our expected range through the quarter, supported by sustained collection efficiency across all operating geographies. Our continued ability to recover quickly, drove strong improvement in profitability, a trend now visible for the second consecutive quarter. We expect this trajectory to be sustained through the rest of the year helping achieve our FY27 performance guidance. Operating metrics continued to strengthen, with PPOP up 33.6% YoY to INR 873 crore, followed by 62.8% YoY decline in Credit Cost to INR 212 crore, resulting in a PAT of INR 493 crore, up 719.7% YoY. These outcomes lay a strong foundation to undertake 'Project Shakti,' our transformational journey anchored in the strength and resilience of the communities we serve."

Shares of CREDITACCESS GRAMEEN LIMITED was last trading in BSE at Rs. 1516.90 as compared to the previous close of Rs. 1503.25. The total number of shares traded during the day was 9159 in over 929 trades.

The stock hit an intraday high of Rs. 1521.40 and intraday low of 1457.70. The net turnover during the day was Rs. 13759658.00.

Source : Equity Bulls

Keywords

CREDITACCESSGRAMEEN INE741K01010 Q1FY27 Q1FY2027 ResultUpdate