CreditAccess Grameen Ltd.
CREDITACCFinancial Services filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20191108 | 2019-09-30 | yes | |
| COVER_LETTER | 20201104 | 2020-09-30 | no | |
| TRANSCRIPT | 20220805 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221028 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230211 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230520 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230726 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231025 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240123 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240511 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240722 | 2024-06-30 | yes | |
| TRANSCRIPT | 20250129 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250521 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250728 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251102 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260127 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260513 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260729 | 2026-06-30 | yes |
CREDITACC
files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | nbfc |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,315.10 |
| 52-week range | 1134.9 – 1614.0 |
| Return 1M | -7.09% |
| Return 3M | -10.07% |
| Return 1Y | -5.47% |
| Return 3Y | 2.02% |
| Return 5Y | 101.55% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,783.00 |
| Other income | 1.00 |
| Total income | 1,784.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 242.00 |
| Finance costs | 550.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.66 | -0.00 |
| institutions foreign | 0.13 | 0.01 |
| institutions domestic | 0.13 | 0.00 |
| mutual funds | 0.10 | 0.00 |
| public | 0.34 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2020-09-30 | 1 |
| TRANSCRIPT | 2026-06-30 | 17 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 812.00 | 908.00 | 1,065.00 | 1,170.00 | 1,247.00 | 1,292.00 | 1,457.00 | 1,512.00 | 1,453.00 | 1,380.00 | 1,407.00 | 1,463.00 | 1,508.00 | 1,490.00 | 1,597.00 | 1,783.00 |
| Other income | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 3.00 | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total income | 814.00 | 910.00 | 1,066.00 | 1,171.00 | 1,248.00 | 1,295.00 | 1,459.00 | 1,513.00 | 1,454.00 | 1,382.00 | 1,408.00 | 1,464.00 | 1,509.00 | 1,491.00 | 1,599.00 | 1,784.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 130.00 | 127.00 | 135.00 | 156.00 | 162.00 | 157.00 | 195.00 | 188.00 | 189.00 | 178.00 | 175.00 | 221.00 | 219.00 | 227.00 | 212.00 | 242.00 |
| Finance costs | 273.00 | 314.00 | 346.00 | 385.00 | 424.00 | 442.00 | 482.00 | 510.00 | 485.00 | 475.00 | 478.00 | 482.00 | 480.00 | 459.00 | 478.00 | 550.00 |
| Depreciation and amortisation | 13.00 | 13.00 | 12.00 | 12.00 | 12.00 | 13.00 | 14.00 | 14.00 | 17.00 | 16.00 | 15.00 | 15.00 | 16.00 | 16.00 | 16.00 | 16.00 |
| Other expenses | 64.00 | 76.00 | 69.00 | 72.00 | 85.00 | 82.00 | 86.00 | 91.00 | 91.00 | 90.00 | 105.00 | 91.00 | 99.00 | 108.00 | 112.00 | 103.00 |
| Total expenses | 585.00 | 620.00 | 669.00 | 703.00 | 781.00 | 820.00 | 930.00 | 978.00 | 1,202.00 | 1,511.00 | 1,357.00 | 1,383.00 | 1,340.00 | 1,153.00 | 1,154.00 | 1,124.00 |
| Profit before exceptional items and tax | 229.00 | 290.00 | 398.00 | 467.00 | 467.00 | 476.00 | 529.00 | 535.00 | 252.00 | -129.00 | 51.00 | 81.00 | 169.00 | 338.00 | 445.00 | 660.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 229.00 | 290.00 | 398.00 | 467.00 | 467.00 | 476.00 | 529.00 | 535.00 | 252.00 | -129.00 | 51.00 | 81.00 | 169.00 | 338.00 | 445.00 | 660.00 |
| Current tax | 43.00 | 59.00 | 95.00 | 112.00 | 133.00 | 148.00 | 151.00 | 158.00 | 146.00 | 70.00 | 15.00 | 0.00 | 5.00 | 119.00 | 121.00 | 132.00 |
| Deferred tax | 9.00 | 14.00 | 6.00 | 7.00 | -13.00 | -26.00 | -19.00 | -21.00 | -80.00 | -99.00 | -11.00 | 21.00 | 39.00 | -34.00 | -16.00 | 35.00 |
| Tax expense | 53.00 | 73.00 | 101.00 | 119.00 | 120.00 | 122.00 | 132.00 | 137.00 | 66.00 | -29.00 | 4.00 | 21.00 | 43.00 | 86.00 | 105.00 | 167.00 |
| Profit for the period | 176.00 | 217.00 | 297.00 | 348.00 | 347.00 | 353.00 | 397.00 | 398.00 | 186.00 | -100.00 | 47.00 | 60.00 | 126.00 | 252.00 | 340.00 | 493.00 |
| Profit attributable to owners | 172.00 | 212.00 | 0.00 | 348.00 | 347.00 | 353.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit attributable to non-controlling interests | 4.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -24.00 | -6.00 | 11.00 | -11.00 | -5.00 | 11.00 | -10.00 | -15.00 | -8.00 | 8.00 | -13.00 | -3.00 | 3.00 | 3.00 | 49.00 | -0.00 |
| Total comprehensive income | 153.00 | 211.00 | 307.00 | 337.00 | 342.00 | 364.00 | 388.00 | 383.00 | 178.00 | -92.00 | 35.00 | 57.00 | 128.00 | 255.00 | 388.00 | 493.00 |
| Earnings per share, basic | 11.02 | 13.59 | 18.67 | 21.93 | 21.82 | 22.20 | 24.93 | 24.95 | 11.67 | -6.24 | 2.96 | 3.77 | 7.87 | 15.76 | 21.20 | 30.79 |
| Earnings per share, diluted | 10.97 | 13.53 | 18.59 | 21.80 | 21.69 | 22.05 | 24.79 | 24.82 | 11.61 | -6.24 | 2.95 | 3.76 | 7.83 | 15.68 | 21.11 | 30.65 |
| Interest earned | 771.00 | 855.00 | 965.00 | 1,105.00 | 1,187.00 | 1,244.00 | 1,363.00 | 1,437.00 | 1,418.00 | 1,338.00 | 1,354.00 | 1,388.00 | 1,414.00 | 1,435.00 | 1,525.00 | 1,714.00 |
| Fees and commission income | 4.00 | 5.00 | 8.00 | 6.00 | 30.00 | 27.00 | 29.00 | 27.00 | 16.00 | 26.00 | 32.00 | 26.00 | 28.00 | 34.00 | 48.00 | 34.00 |
| Net gain on fair value changes | 5.00 | 5.00 | 4.00 | 3.00 | 9.00 | 10.00 | 11.00 | 14.00 | 13.00 | 13.00 | 12.00 | 9.00 | 8.00 | 8.00 | 12.00 | 22.00 |
| Dividend income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,695.00 | 2,461.00 | 2,743.00 | 3,545.00 | 5,167.00 | 5,752.00 | 6,059.00 |
| Other income | 11.00 | 5.00 | 7.00 | 6.00 | 6.00 | 4.00 | 4.00 |
| Total income | 1,705.00 | 2,466.00 | 2,750.00 | 3,551.00 | 5,173.00 | 5,756.00 | 6,063.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 262.00 | 380.00 | 438.00 | 515.00 | 669.00 | 730.00 | 879.00 |
| Finance costs | 580.00 | 929.00 | 984.00 | 1,213.00 | 1,732.00 | 1,948.00 | 1,899.00 |
| Depreciation and amortisation | 20.00 | 44.00 | 47.00 | 50.00 | 51.00 | 62.00 | 63.00 |
| Other expenses | 144.00 | 159.00 | 201.00 | 265.00 | 325.00 | 377.00 | 409.00 |
| Total expenses | 1,244.00 | 2,286.00 | 2,269.00 | 2,445.00 | 3,233.00 | 5,047.00 | 5,029.00 |
| Profit before exceptional items and tax | 462.00 | 180.00 | 481.00 | 1,105.00 | 1,939.00 | 709.00 | 1,033.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 462.00 | 180.00 | 481.00 | 1,105.00 | 1,939.00 | 709.00 | 1,033.00 |
| Current tax | 160.00 | 106.00 | 124.00 | 238.00 | 545.00 | 388.00 | 245.00 |
| Deferred tax | -34.00 | -57.00 | -0.00 | 41.00 | -51.00 | -211.00 | 11.00 |
| Tax expense | 126.00 | 49.00 | 124.00 | 279.00 | 493.00 | 177.00 | 256.00 |
| Profit for the period | 335.00 | 131.00 | 357.00 | 826.00 | 1,446.00 | 531.00 | 778.00 |
| Profit attributable to owners | 0.00 | — | 363.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit attributable to non-controlling interests | 0.00 | — | -6.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -27.00 | 32.00 | -85.00 | 8.00 | -15.00 | -27.00 | 51.00 |
| Total comprehensive income | 308.00 | 164.00 | 272.00 | 834.00 | 1,431.00 | 504.00 | 829.00 |
| Earnings per share, basic | 23.20 | 8.96 | 23.31 | 52.04 | 90.88 | 33.32 | 48.63 |
| Earnings per share, diluted | 10.00 | 8.90 | 23.22 | 51.82 | 90.41 | 33.24 | 48.44 |
| Interest earned | 1,633.00 | 2,290.00 | 2,567.00 | 3,327.00 | 4,900.00 | 5,547.00 | 5,763.00 |
| Fees and commission income | 5.00 | 8.00 | 13.00 | 20.00 | 92.00 | 102.00 | 136.00 |
| Net gain on fair value changes | 56.00 | 133.00 | 88.00 | 18.00 | 35.00 | 51.00 | 38.00 |
| Dividend income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 17,184.00 | 21,858.00 | 23,954.00 | 28,846.00 | 26,613.00 | 27,802.00 | 27,679.00 | 31,930.00 |
| Property, plant and equipment | 31.00 | 32.00 | 30.00 | 32.00 | 45.00 | 44.00 | 44.00 | 44.00 |
| Capital work-in-progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 318.00 | 376.00 | 376.00 | 376.00 | 376.00 | 376.00 | 376.00 | 376.00 |
| Other intangible assets | 204.00 | 191.00 | 188.00 | 201.00 | 200.00 | 184.00 | 165.00 | 168.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and cash equivalents | 665.00 | 1,341.00 | 1,278.00 | 1,107.00 | 521.00 | 1,271.00 | 765.00 | 1,152.00 |
| Total equity and liabilities | 17,184.00 | 21,858.00 | 23,954.00 | 28,846.00 | 26,613.00 | 27,802.00 | 27,679.00 | 31,930.00 |
| Equity | 4,493.00 | 5,107.00 | 5,798.00 | 6,570.00 | 6,988.00 | 6,956.00 | 7,164.00 | 7,842.00 |
| Equity share capital | 156.00 | 159.00 | 159.00 | 159.00 | 159.00 | 160.00 | 160.00 | 160.00 |
| Other equity | 4,233.00 | 4,948.00 | 5,639.00 | 6,411.00 | 6,829.00 | 6,796.00 | 7,004.00 | 7,682.00 |
| Total liabilities | 12,691.00 | — | — | — | — | 20,846.00 | 20,515.00 | 24,088.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -6.00 | -3,290.00 | -1,130.00 | -4,734.00 | 2,137.00 | 1,125.00 | 316.00 | -2,770.00 |
| Net cash from investing activities | -279.00 | -314.00 | -273.00 | -994.00 | 179.00 | 708.00 | -300.00 | -101.00 |
| Net cash from financing activities | -631.00 | 3,365.00 | 1,339.00 | 5,494.00 | -2,902.00 | -1,669.00 | -524.00 | 2,751.00 |
| Purchase of property, plant and equipment | 6.00 | 14.00 | 4.00 | 12.00 | 22.00 | 27.00 | 7.00 | 15.00 |
| Net increase in cash | -916.00 | -239.00 | -63.00 | -234.00 | -586.00 | 164.00 | -507.00 | -120.00 |
| con:CFO.BEFORE_TAX | -868.00 | -5,229.00 | -2,357.00 | -7,288.00 | 554.00 | -2,023.00 | -1,413.00 | -6,439.00 |
| con:INTEREST_RECEIVED.OPERATING | 1,540.00 | 3,393.00 | 2,253.00 | 4,835.00 | 2,764.00 | 5,392.00 | 2,778.00 | 5,745.00 |
| con:INTEREST_PAID.OPERATING | 560.00 | 1,213.00 | 817.00 | 1,720.00 | 953.00 | 1,898.00 | 934.00 | 1,880.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 118.00 | 240.00 | 209.00 | 561.00 | 228.00 | 346.00 | 114.00 | 196.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 73.68 | 66.77 | 66.69 | 66.66 | 66.58 | 66.56 | 66.54 | 66.50 | 66.43 | 66.43 | 0.66 | 0.66 | 0.66 | 0.66 |
| Domestic institutions | 12.28 | 11.91 | 15.77 | 15.79 | 15.76 | 16.25 | 14.86 | 14.18 | 12.68 | 12.76 | 0.13 | 0.13 | 0.13 | 0.13 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 10.54 | 0.11 | 0.11 | 0.10 | 0.10 |
| Insurance companies | 1.95 | 1.50 | 2.03 | 1.70 | 1.48 | 1.63 | 1.75 | 2.00 | 1.61 | 1.79 | 0.02 | 0.01 | 0.01 | 0.02 |
| Foreign institutions | 9.67 | 9.56 | 11.46 | 12.00 | 11.65 | 10.88 | 10.76 | 9.76 | 11.38 | 12.13 | 0.12 | 0.12 | 0.13 | 0.13 |
| Public | 26.32 | 33.23 | 33.31 | 33.34 | 33.42 | 33.44 | 33.46 | 33.50 | 33.57 | 33.57 | 0.34 | 0.34 | 0.34 | 0.34 |
| Non-institutional | 4.37 | 11.77 | 6.08 | 5.55 | 6.01 | 6.31 | 7.83 | 9.57 | 9.51 | 8.68 | 0.08 | 0.09 | 0.08 | 0.08 |
| Shares outstanding | 156231092 | 158927408 | 159113268 | 159176007 | 159376967 | 159411829 | 159462757 | 159571735 | 159719622 | 159740260 | 159878624 | 160080005 | 160196031 | 160259533 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| CreditAccess Life Insurance limited | Subsidiary of Holding Company | Any other transaction | 504,790,000.00 | 2 |
| CreditAccess India Foundation | Wholly-Owned Subsidiary | Any other transaction | 93,030,000.00 | 2 |
| Mr. Udaya Kumar Hebbar | Managing Director | Remuneration | 30,200,000.00 | 1 |
| Mr. Ganesh Narayanan | Chief Executive Officer | Remuneration | 21,070,000.00 | 1 |
| Mr. Balakrishna Kamath | Chief Financial Officer | Remuneration | 10,850,000.00 | 1 |
| Mr. Mahadev Prakash | Company Secretary & Chief Comp | Remuneration | 6,290,000.00 | 1 |
| Mr. George Joseph | Independent Director | Any other transaction | 5,130,000.00 | 2 |
| Mr. Manoj Kumar | Independent Director | Any other transaction | 4,590,000.00 | 2 |
| Ms. Lilian Jessie Paul | Independent Director | Any other transaction | 4,040,000.00 | 2 |
| Ms. Rekha Gopal Warriar | Independent Director | Any other transaction | 3,600,000.00 | 2 |
| Mr. Massimo Vita | Non-Executive Director | Any other transaction | 960,000.00 | 1 |
| Mr. Nilesh Dalvi | Chief Financial Officer | Remuneration | 910,000.00 | 1 |
| Mr. Sumit Kumar | Non-Executive Director | Any other transaction | 840,000.00 | 1 |
| Mr. Paolo Brichetti | Non-Executive Director | Any other transaction | 730,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-29 | Q1FY27 | PRIVATE LIMITED | Read the call |
| 2026-05-13 | Q4FY26 | Read the call | |
| 2026-01-27 | Q3FY26 | Read the call | |
| 2025-11-02 | Q2FY26 | Read the call | |
| 2025-07-28 | Q1FY26 | Read the call | |
| 2025-05-21 | Q4FY25 | CREDITACCESS GRAMEEN LIMITED, GRAMEEN LIMITED, LIMITED | Read the call |
| 2025-01-29 | Q3FY25 | GRAMEEN LIMITED | Read the call |
| 2024-07-22 | Q1FY25 | CREDITACCESS GRAMEEN LTD., OFFICER, CREDITACCESS GRAMEEN LTD. | Read the call |
| 2024-05-11 | Q4FY24 | GRAMEEN LIMITED, We would rectify that. | Read the call |
| 2024-01-23 | Q3FY24 | – CREDITACCESS GRAMEEN LIMITED | Read the call |
| 2023-10-25 | Q2FY24 | GRAMEEN LIMITED, MANAGING, UDAYA | Read the call |
| 2023-07-26 | Q1FY24 | CREDITACCESS GRAMEEN LIMITED | Read the call |
| 2023-05-20 | Q4FY23 | CREDITACCESS GRAMEEN LIMITED | Read the call |
| 2023-02-11 | Q3FY23 | CREDITACCESS GRAMEEN LIMITED | Read the call |
| 2022-10-28 | Q2FY23 | CHIEF, CREDITACCESS GRAMEEN LIMITED, OFFICER | Read the call |
| 2022-08-05 | Q1FY23 | Read the call | |
| 2019-11-08 | H1FY20 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capital allocation | — | If you read Slide 6, we mentioned that actually, there was a lesser disbursement and customer acquisition in November because of our core banking syst… | So, that is when you need to continuously run for new customer acquisition also, right. | Sir, my first question is on the new customer acquisition. | There will be about 8% to 10% branch expansion, and the acquisition of customers in the existing branches, which includes Madura's 480 branches which … | That is why it is more of an in-house business to expand with a very low or nil acquisition cost. | Perhaps, we will have an advantage of better cost implication because there is no or a minimal acquisition cost because as we are going to do the majo… | We continue to scale borrower acquisition with 3.3 Lakh borrowers added in Q4, while 9.8 Lakh borrowers added in FY26, of which 38% were new to credit… |
| Debt and cash | This will be the borrowing mix, which will give us the advantage of very good positive ALM mismatch, very stable cash flow as well as a long-term adva… | — | Notably, there has been a significant deleveraging on both the customer base and the loan portfolio. | They are able to demonstrate better cash flow. | It's a mix of the customer profile, income earnings, capacity to demonstrate cash flow, multiple income streams, etc. This is basically cherry-picking… | Try and cross-sell to a certain profile of customers who are looking at this, who are capable of repayment, who are able to establish a cash flow and … | It says that industry targeted measures to deleverage the customers. | Are they able to demonstrate better cash flow to move into individual loans, right? |
| Demand | And we actually use the entire pent-up demand in Q3 FY22. Therefore, the disbursements were quite high in the last year’s Q3. So, therefore it looks l… | — | A similar trend is also reflected in our new borrower additions, which saw the share of New-to-Credit customers increasing from 30% - 35% to 42% in Q3… | — | You already explained actually the entire industry is focusing towards growth, and there is demand actually on the ground. | Specifically in high-risk geographies where the penetration is lower, etc., we would demand slightly larger attendance and that is something that vari… | 4,664 crore worth sanctions in pipeline. | — |
| Guidance | We expect the cost of borrowing to normalize with a predominant share of bank borrowings in incremental drawdowns in Q4 FY23. Our 9M FY23 weighted ave… | See, Q1 and Q2 were a little much better than what we anticipated. | However, we expect this to normalise since there are large number of borrowers paying partially. | So within this, what will be the split of the growth that will come from MFI and what growth can we expect from retail finance? | For FY '23, we delivered a PAT of INR 826 Crores leading to a ROA of 4.2% and ROE of 18% meeting our annual performance guidance. | And sir, just last question, maybe a bit lengthy one, on the credit cost side, so we were guiding for 2.1% of credit cost for FY24. Of course, we ende… | The revised FY25 growth guidance of 7-8% issued in January 2025 was impacted by incremental stress emerging from Karnataka. | The AUM grew 14.0% YoY and 11.4% QoQ, in line with the annual growth guidance, despite 7.6% write-offs made in FY26. Disbursement in Q4 grew 28.4% YoY… |
| Margin | February 07, 2023 available in Q2. So, if I have to net off this thing, what would be the stable margin we can look at from here on? | So now given that you have been acknowledging that there is positive operating leverage that you are seeing, where on a steady-state basis can either … | — | — | May 16, 2023 price based on risk, therefore, even the margin is better compared to the earlier regime. | Sir, secondly, on the margin side, of course, this year has been fantastic for us, but now going ahead, when we say that we will be maintaining this 1… | — | So overall, as these products scale up, we believe that we'll be able to see benefits of operating leverage because we'll be leveraging the GL ecosyst… |
| People | — | Is this usual attrition or how to kind of explain that? | This improvement is due to employee attrition being addressed, with more feet on the street providing additional bandwidth for collections, and employ… | — | So, I just wanted to understand the attrition that we see in our borrowers. | And just follow-up two questions on this borrower attrition through the year was 5,78,000 borrower. | Importantly, we maintained a firm grip on employee retention, achieving an annualised attrition rate of 30.5% in Q4 FY25, amid high churn across the i… | Our employee base grew 4.6% YoY to 21,941, with employee attrition moderating to 29.4% against the 33.5% in the previous year. |
| Pricing | Our NIMs have remained resilient in a rising interest rate scenario giving us a competitive edge in pricing to our customers. | See, the pricing policy is determined by four factors. | So, Rajiv, our pricing policy is very clear and based on certain data actually. | And also, one thing we need to understand is the current NIM profile is basis the current credit cost trend what we are seeing because we had taken a … | Our business model based on the premise of suitable processes, products and pricing along with suitable servicing has always rewarded us. | So, there could be small movement if there is an increase in the trend, but that will get countered with the pricing, correct. | And our district-based pricing and district-based what you call the ECL modeling will help us to have a reasonable, what you call, moderation of yield… | So for your first question, the model itself takes care of any changes in pricing, if that's what you're talking about. |
| Revenue growth | — | Karnataka is always a growth of high single digit. | — | — | Assuming a stable operating environment, we look forward to achieving loan portfolio growth of 24% to 25% in FY '24. | So, if you see the annual growth of average ticket size used to grow between 9% to 10%, but within that range only, now also, it is about 8% overall i… | Considering the evolving business environment, we are aiming for an AUM growth of 14% to 18% of which MFI growth will be 8% to 12% and the balance wil… | Our portfolio growth was a combination of new-to-credit customers, guardrailing compliant borrowers, and graduation of vintage borrowers to higher-val… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-10-28 | Q2FY23 | CREDITACCESS GRAMEEN LIMITED | Our NIM was 12% in Q2 FY2023 and 11.4% during HY FY2023. This is 50 bps higher compared to 10.9% in FY2022. As guided earlier, we anticipate our NIMs to improve in FY2023 driven by new loan pricing, lower interest de-recognition and lower liquidity carrying cost. |
| 2023-02-11 | Q3FY23 | CREDITACCESS GRAMEEN LIMITED | We expect the cost of borrowing to normalize with a predominant share of bank borrowings in incremental drawdowns in Q4 FY23. Our 9M FY23 weighted average cost of borrowing is within the expected range of 9.3% - 9.4% for FY23, as guided at the start of the financial year. |
| 2023-02-11 | Q3FY23 | CREDITACCESS GRAMEEN LIMITED | We reiterate our FY23 guidance of 4.0% - 4.2% ROA and 16.0% - 18.0% ROE. |
| 2023-05-20 | Q4FY23 | CREDITACCESS GRAMEEN LIMITED | Overall, we aim to achieve a ROA of 4.7% to 4.9% and an ROE of 20% to 21% in FY '24. |
| 2023-07-26 | Q1FY24 | CREDITACCESS GRAMEEN LIMITED | Hence, as of now, we reiterate our guidance of 12%-12.2% NIM for this financial year. |
| 2023-10-25 | Q2FY24 | UDAYA | Capital adequacy remains comfortable at 25% at the end of Q2 FY2024. On the back of our operating performance during H1 FY2024, we are happy to provide you with revised guidance for FY2024. The key factors that have resulted in upward division are more balanced growth across all parameters, ii) improved total income profiles and profitability, iii) robust capital adequacies leading to a higher share of growth getting funded through internal accruals and iv) strong controls on cost of operations. |
| 2023-10-25 | Q2FY24 | UDAYA | We expect the improvement of NIM to the range of 12.7% to 12.8%. |
| 2023-10-25 | Q2FY24 | UDAYA | We expect improved ROA and ROE in the range of 5.4% to 5.6% and 24% to 25% respectively. |
| 2023-10-25 | Q2FY24 | UDAYA | I think we spelled out clearly in our analyst meeting we said that in the four-five years, we should be actually achieving about 12% to 15% which means around INR 6,000 to 7,000 Crore is our target to reach by the next four-five years’ time. |
| 2023-10-25 | Q2FY24 | UDAYA | We have to look at what is the normal natural first-half growth and second-half growth and we also said that we are retaining the guidance we said that our guidance is 24%-25% annualized growth which we have returned that guidance. |
| 2025-05-21 | Q4FY25 | CREDITACCESS GRAMEEN LIMITED | The revised FY25 growth guidance of 7-8% issued in January 2025 was impacted by incremental stress emerging from Karnataka. |