CreditAccess Grameen reported a significant 298.7% year-on-year surge in profit after tax to ₹501.6 crore for the second quarter of FY27. This impressive growth was driven by a 19.5% rise in Assets Under Management (AUM) to ₹30,946 crore. The company also revised its full-year FY27 guidance upwards, reflecting its robust performance and positive outlook. Key metrics like Net Interest Income (NII) and Cost-to-Income ratio also showed marked improvement.
CreditAccess Grameen Reports Robust Q2 FY27 Financials
CreditAccess Grameen Limited announced its financial results for the second quarter ended September 30, 2026, showcasing substantial growth across key performance indicators. Profit After Tax (PAT) soared by 298.7% to ₹501.6 crore in Q2 FY27, compared to ₹125.8 crore in the corresponding quarter of the previous fiscal year. This remarkable performance was underpinned by a significant increase in Assets Under Management (AUM), which grew by 19.5% YoY to ₹30,946 crore.
Key Financial Highlights
The company’s Net Interest Income (NII) increased by 30.9% to ₹1,277.8 crore in Q2 FY27. Pre-Provision Operating Profit (PPOP) also saw a healthy rise of 39.6% to ₹970.2 crore. The Cost-to-Income ratio improved to 28.2% from 32.5% in Q2 FY26, demonstrating enhanced operational efficiency.
Asset Quality and Capital Adequacy
Asset quality remained strong with Gross Non-Performing Assets (GNPA) at 1.79% and Net Non-Performing Assets (NNPA) at 0.59%. The company maintained a robust capital position, with its CRAR (Capital to Risk Weighted Assets Ratio) at 26.9% (Tier 1 at 26.2%).
Revised FY27 Guidance
Based on its superior performance in the first half of the fiscal year, CreditAccess Grameen has revised its guidance for FY27. Expected AUM growth is now projected at 20.0% – 25.0%, Net Interest Margin (NIM) at 14.4% – 14.7%, Cost-to-Income Ratio at 29.0% – 30.0%, and Credit Cost at 3.0% – 4.0%. Return on Assets (ROA) is expected to be between 5.2% – 5.8%, and Return on Equity (ROE) is projected at 21.0% – 24.0%.
Business Growth and Strategic Initiatives
The company added 2.3 lakh new borrowers in Q2 FY27, with a cumulative 4.9 lakh new borrowers in H1 FY27. Disbursements grew by 19.4% YoY to ₹6,355 crore. The investor presentation also highlighted the company’s strategic vision, ‘Project Shakti’, and its commitment to leveraging technology and expanding its product suite to cater to evolving customer needs.
Source: BSE
