CreditAccess Grameen Limited announced its financial results for the second quarter of FY27, reporting a record quarterly profit of INR 502 Crore, a fivefold increase over five years. The company’s Assets Under Management (AUM) grew by 19.5% YoY to INR 30,946 Crore, and disbursements increased by 19.4% YoY to INR 6,355 Crore. The results reflect strong profitability and growth across its lending segments.
CreditAccess Grameen Reports Record Q2 FY27 Profit
CreditAccess Grameen Limited has announced its financial performance for the second quarter ending September 2026 (Q2 FY27), highlighting a significant surge in profitability and robust growth in its loan portfolio. The company reported a record quarterly profit of INR 502 Crore, marking a substantial fivefold increase over the past five years. For the first half of FY27, the company recorded a profit after tax (PAT) of INR 995 Crore, showing a turnaround from the previous financial year’s INR 778 Crore PAT.
Strong Financial Metrics and Growth
The company’s financial position has strengthened, with its Return on Assets (ROA) standing at 5.9% and Return on Equity (ROE) at 23.8% for the first half of FY27. CreditAccess Grameen continues to be among the most competitively priced lenders, maintaining strong margins and asset quality. Assets Under Management (AUM) grew by a healthy 19.5% year-on-year to INR 30,946 Crore, with a 2.1% increase quarter-on-quarter. Disbursements for the quarter stood at INR 6,355 Crore, up 19.4% YoY, bringing the first-half disbursements to INR 12,461 Crore.
Expanding Retail and Digital Presence
The company is strategically expanding its retail finance offerings, with Retail Finance AUM reaching INR 7,200 Crore, constituting 23.3% of the total AUM. Secured business loans, affordable housing loans, and 2-wheeler loans showed a significant YoY growth of 60.9%. The 2-wheeler loan book crossed INR 60 Crore. Borrower retention rates improved to 88% in H1 FY27 from 85% in FY26. Digital collections also saw an increase, rising to 26.3% compared to 18.1% in the previous year.
Portfolio Performance and Funding
The Group Loan portfolio stood at INR 23,746 Crore as of September 2026, showing a marginal decline due to write-offs and customer graduation. Asset quality remains strong, with Gross NPA at 1.79% and Net NPA at 0.59%. The company diversified its funding mix by signing a USD 175 million ECB loan. Credit cost for the quarter was INR 299 Crore, and the company maintained its credit cost guidance of 3% to 4% for the full year.
Outlook and Guidance
CreditAccess Grameen has revised its profitability guidance for FY27 upwards, expecting ROA between 5.2% to 5.8% and ROE between 21% to 24%. The AUM growth guidance remains at 20% to 25%. The company anticipates its Net Interest Margin (NIM) to be between 14.4% to 14.7%. Management expressed confidence in the company’s strong, diversified, and profitable position, expecting continued momentum in the second half of the fiscal year.
Source: BSE
