CreditAccess Grameen (CREDITACC) investor relations material

Executive summary

• Achieved record Q1 FY26 disbursements of INR 5,458 crore, up 21.9% YoY, with 2.16 lakh new borrowers, 43% new-to-credit.

• Retail finance share increased YoY from 2.9% to 6.8%, reflecting diversification and portfolio expansion.

• Asset quality stabilized with GNPA at 4.70% and PAR90 at 3.29%, supported by conservative provisioning and accelerated write-offs.

• Employee base grew to 21,333 with attrition rate declining to 27.1%, supporting improved customer service and asset quality.

• Board and Audit Committee reviewed and approved Q1 FY26 results, with no material misstatements identified by auditors.

Financial highlights

• Net interest income for Q1 FY26 was INR 937 crore, portfolio yield at 20.3%, and interest spread at 10.6%.

• PAT for Q1 FY26 was INR 60 crore, with ROA at 0.9% and ROE at 3.4%; EPS at ₹3.77.

• NIM steady at 12.8%; cost to income ratio at 33.5%; PBT at INR 653 crore.

• Collection efficiency (excluding arrears) at 93.2% for Q1 FY26.

• Consolidated revenue from operations for Q1 FY26 was ₹1,462.89 crore.

Outlook and guidance

• FY26 GLP growth guided at 14–18%, with NIM expected at 12.6–12.8%.

• Credit cost expected to remain elevated in H1 FY26 (5.5–6.0%), moderating in H2 as asset quality stabilizes.

• ROA projected at 2.9–3.4% for FY26, with steady-state ROA above 4.5% in H2.

• Strategic objective to achieve 25–30% foreign borrowings by FY28.

• Overall growth projected at 20–25% including retail finance, with MFI book growth moderating to 13–15%.