CreditAccess Grameen (CREDITACC) investor relations material

Executive summary

• Q2 FY27 PAT was INR 501.57 crore, up 298.7% YoY; H1 PAT was INR 995.00 crore, up 435.0%, with H1 ROA of 5.9% and ROE of 23.8%.

• AUM reached INR 30,946 crore, up 19.5% YoY; FY27 guidance targets 20%-25% AUM growth, ROA of 5.2%-5.8% and ROE of 21%-24%.

• Limited reviews found no indication of material misstatement or non-compliance with applicable RBI prudential norms.

Financial highlights

• Q2 net income was INR 1,351.8 crore, up 31.3% YoY; NII was INR 1,277.8 crore, up 30.9%, and PPOP was INR 970.2 crore, up 39.6%.

• Q2 disbursements were INR 6,355 crore, up 19.4% YoY; H1 disbursements reached INR 12,461 crore, up 15.6%.

• Total assets rose 24.5% YoY to INR 34,450.2 crore; net loans were INR 29,293.8 crore and equity was INR 8,919 crore.

• Q2 cost-to-income improved to 28.2%; digital collections were 26.3%, and the network reached 2,326 branches across 460 districts.

Outlook and guidance

• FY27 guidance: AUM growth 20%-25%, NIM 14.4%-14.7%, cost-to-income 29%-30%, and credit cost 3%-4%.

• FY27 ROA guidance rose to 5.2%-5.8% from 4%-4.8%; ROE guidance rose to 21%-24% from 16%-20%.

• Credit-cost guidance remains 3%-4%; a possible Q3 increase is expected to remain within the full-year range.

• Group-loan growth is expected to recover in H2; customer additions are targeted above 1 lakh monthly, versus ~80,000 currently.