CreditAccess Grameen Limited reported a robust performance for Q4 FY26, marked by a 14% YoY AUM growth and a significant recovery in profitability. With a PAT of INR 340 Crore for the quarter, the company showcased operational resilience despite macroeconomic headwinds. The leadership team emphasized the success of their ‘Project Shakti’ initiative, focusing on a rural-inclusive financing platform and the expansion of individual retail finance products alongside their core microfinance business.
Quarterly Financial Highlights
CreditAccess Grameen witnessed a strong finish to FY26, with Q4 disbursements growing by 28.4% YoY to reach INR 8,313 Crore. The company’s Profit After Tax (PAT) surged over 6x YoY to INR 340 Crore, reflecting a solid ROA of 4.4% and ROE of 17.8%. Net Interest Margins (NIMs) saw an expansion of 35 bps QoQ to reach 14.2%, supported by a 60 bps reduction in borrowing costs throughout the year.
Strategic Evolution: Project Shakti
The company is transitioning into a broader rural-focused inclusive finance platform under the banner of ‘Project Shakti.’ This long-term strategy aims to move beyond traditional group-based lending by capturing the financial lifecycle of households. As part of this shift, the share of retail finance grew to 18.1% as of March 2026, up from 5.9% a year ago. The company plans to target 24-25% of its portfolio mix through these retail segments by the end of FY27.
Operational Resilience and Digital Adoption
The company demonstrated strong operational discipline, with 3.3 Lakh new borrowers added in Q4 FY26. Digital transformation remains a key pillar, with the Grameen Mahi app now servicing 11.2 Lakh active customers, representing 25.4% of the total borrower base. Digital collections have also improved, rising from 14% in Q4 FY25 to 22% in Q4 FY26, signaling higher customer comfort with technology-led financial processes.
FY27 Outlook and Risk Management
Looking ahead to FY27, management remains confident, projecting an AUM growth of 20.0-25.0%. To mitigate risks associated with volatile macroeconomic factors and the ongoing West Asia crisis, the company has adopted a conservative approach to credit costs, guiding for a range of 3.0-4.0%. The management maintains a strong capital position with a capital adequacy ratio of 24.4% and a conservative debt-equity ratio of 3.0x, ensuring stability as it scales its newer business lines.
Source: BSE
