CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication- Q3 FY23 Financial Results.08-02-2023
08-02-2023
CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of Q3 FY23 Results Conference Call08-02-2023
CreditAccess Grameen Results Earnings Call for Q3FY23
Conference Call with CreditAccess Grameen Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.08-02-2023
CreditAccess Grameen Ltd - 541770 - Update On The Scheme Of Amalgamation
The National Company Law Tribunal, Bengaluru Bench, has today i.e., February 7, 2023, pronounced the order approving the Scheme of Amalgamation between the Company (Transferee Company) and Madura Micro Finance Limited (Transferor Company). However, the signed copy of the said order is awaited.07-02-2023
CreditAccess Grameen Ltd - 541770 - Financial Results Along With Annexures
Outcome of the Board Meeting with Financial Results along with all annexures07-02-2023
Q3FY23 Quarterly Result Announced for CreditAccess Grameen Ltd.
NBFC firm CreditAccess Grameen announced Q3FY23 results: Consolidated Q3FY23: Total income increased by 31.9% YoY from Rs 689.7 crore to Rs 909.7 crore Net interest income (NII) increased by 37.7% YoY from Rs 412.0 crore to Rs 567.4 crore Pre-provision operating profit (PPOP) increased by 38.7% YoY from Rs 273.5 crore to Rs 379.5 crore Impairment of financial instruments declined by 24.2% YoY from Rs 117.9 crore to Rs 89.4 crore Total ECL provisions were Rs 344.6 crore (2.04%) against GNPA (largely @ 60+ dpd) of 1.71%, and PAR 90+ of 1.34%. NNPA further reduced to 0.59% Write-offs were Rs 130.9 crore Profit after tax (PAT) increased by 85.3% YoY from Rs 117.0 crore to Rs 216.8 crore Robust liquidity of Rs 1,439.9 crore of cash & cash equivalents, amounting to 7.7% of the total assets Healthy capital position with standalone CRAR of 28.4% and consolidated CRAR of 24.7% Credit Rating: AA-/Stable by India Ratings, A+/Positive by CRISIL & ICRA Commenting on the performance, Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said, “The third quarter witnessed robust sequential improvement in business momentum, operating efficiency, asset quality and return ratios, culminating in yet another milestone of surpassing Rs 200 crore in quarterly net profit. We are confident of sustaining this profitability trend and further improving it over the coming quarters. Our gross loan portfolio grew by 21.9% YoY to Rs 17,786 crore. We added 3.05 lakh new borrowers taking the total borrower base to 39.39 lakh. Our asset quality remains amongst the best in class with a collection efficiency of 98% and net NPA (predominantly at 60+ dpd) of 0.59%. Q3FY23 PAT grew by 85.3% YoY and 23.1% QoQ to Rs 217 crore, resulting in ROA of 4.6% and ROE of 18.8%. Whereas 9M FY23 PAT significantly grew by 170.3% YoY to Rs 533 crore. We reiterate our FY23 guidance of 4.0% - 4.2% ROA and 16.0% - 18.0% ROE. Our balance sheet continues to get stronger every quarter with robust liquidity and capital position. We have further cemented our asset liability position by raising significant long-term borrowings in Q3FY23, consisting of foreign borrowings, both ECB and NCD, as well as our maiden domestic retail NCD issue. Our public NCD issue was the first in the microfinance industry and it received an overwhelming response from the investors leading to a 3.03X subscription of the base size issue. We raised Rs 500 crore in the first tranche, with board approval to raise another Rs 1,000 crore until November 2023. We foresee a very exciting future for the microfinance industry, and we shall continue to further strengthen our leadership position, being the preferred financial partner of low-income households across India. We draw comfort from the recent announcements made in the union budget FY24 focusing on women empowerment, inclusive development and reaching the last mile, as the key drivers towards strengthening the rural ecosystem which shall benefit the rural financing opportunity, including microfinance business, over the coming years.” Result PDF07-02-2023
CreditAccess Grameen Ltd - 541770 - Financial Results
Financial Results for the quarter ended December 31, 202207-02-2023
CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Q3 Financial Results Press Release07-02-2023
CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation for quarter ended December 31, 202207-02-2023
CreditAccess Grameen Ltd - 541770 - Board Meeting Outcome for For Q3 Financial Results
Outcome of the Board Meeting held on February 7, 202307-02-2023