We trim our earnings by 11.3%/ 1.7%, for FY26E/ FY27E, respectively, to reflect a further slowdown in business growth and persistently high credit costs. We have rolled over our valuation to FY27E ...

CreditAccess Grameen’s net interest income rose 7.4% YoY in Q3 to Rs 861.7 crore, while assets under management grew 6% to Rs 24,810 crore as of December. The borrower base increased 2.4% to 48 lakh.

For the third quarter ending December 31, 2024, the microfinance lender reported a net loss of Rs 99.5 crore on Friday. Early risk recognition, cautious provisioning, and accelerated write-offs ...

On Friday, January 24, the non-banking financial company-micro finance institution (NBFC-MFI) reported a topline increase of 7.2 per cent year-on-year (YoY) for the December quarter of the current ...

Shares of CreditAccess Grameen Ltd. fell over 18% on Monday to hit a 34-month-low after it cut its guidance for the full financial year the second time. In addition, Nomura has cut the target price to ...

CreditAccess Grameen Ltd (CREDAG ... ever quarterly losses since the third quarter of FY21 on account of elevated credit costs. The MFI's asset quality deteriorated for the fifth consecutive ...

Shares of CreditAccess Grameen hit 34-month low of Rs 750.05 ... Guidance for FY25 has been revised downwards for the second time, with growth at 7-8 per cent, credit cost at 6.7-6.9 per cent, and RoA ...

which will keep the credit costs elevated over the next two quarters as well," added the brokerage, but maintained its buy rating with a target price of Rs 1,070 per share. CreditAccess Grameen ...

It has also revised credit cost from 2.2%-2.4% to 4.5%-5% in October 2024 to 6.7%-6.9% now. CreditAccess Grameen has revised its return on assets as well to 2.3%-2.4% from 5.4%-5.5% to 3%-3.5% in ...

CreditAccess Grameen Q3 Results: CreditAccess Grameen reported a Q3FY25 net loss of ₹100 crore, compared to a ₹353 crore profit last year, due to asset quality stress in the microfinance sector and ...

In the corresponding quarter of the previous fiscal, CreditAccess Grameen posted a net profit of ₹353.4 crore ... The impairment of financial instruments was ₹751.9 crore, with total expected credit ...