CreditAccess Grameen Ltd - 541770 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nippon Life India Trustee Ltd CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investor call intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of Equity Shares under the ESOP Scheme of the Company.
Earnings Call for Q3FY22 of CreditAccess Grameen
Conference Call with CreditAccess Grameen Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript. Q3FY22 Quarterly Result Announced for CreditAccess Grameen Ltd.
Finance (including NBFCs) company CreditAccess Grameen declares Q3FY22 result: Portfolio grew 18.4% YoY to INR 14,587 crore Pre-provision Operating Profit grew 60.6% YoY to INR 274 crore Profit After Tax grew 247.9% YoY to INR 117 crore Crossed Major Landmark of USD 2 Billion Portfolio in Jan-22 GLP grew by 18.4% YoY from INR 12,321 crore to INR 14,587 crore Disbursements grew by 2.8% YoY to INR 4,720 crore Collection Efficiency in Dec-21 at CA Grameen was 95% (excl. arrears)/98% (incl. arrears). Excluding the non-paying NPA customers, Collection Efficiency in Dec-21 was 98% (excl. arrears)/101% (incl. arrears) Collection Efficiency in Dec-21 at MMFL was 89% (excl. arrears)/91% (incl. arrears). Excluding the nonpaying NPA customers, Collection Efficiency in Dec-21 was 91% (excl. arrears)/94% (incl. arrears) Branch network increased by 14.7% YoY to 1,593 with 48 new branches opened primarily in newer markets. Over 2 lakh new borrowers were added Total income increased by 27.0% YoY from INR 543.0 crore to INR 689.7 crore Net interest income (NII) increased by 35.5% YoY from INR 304.1 crore to INR 412.0 crore Pre-provision operating profit (PPOP) increased by 60.6% YoY from INR 170.3 crore to INR 273.5 crore Impairment of financial instruments declined by 57.2% YoY from INR 275.7 crore to INR 117.9 crore Total ECL provisions were INR 671.0 crore (4.74%) against GNPA (largely @ 60+ dpd) of 6.02%, and PAR 90+ of 4.67% Write-offs were INR 190.0 crore Profit After Tax (PAT) increased by 247.9% YoY from INR -79.1 crore to INR 117.0 crore Liquidity remained strong at INR 1,625.3 crore of cash & cash equivalents at the end of December 2021, amounting to 10.3% of the total assets Healthy capital position with standalone CRAR of 29.4% and consolidated CRAR of 24.8% A+ (Stable) Credit Rating affirmed by leading rating agencies in India Commenting on the performance, Mr. Udaya Kumar Hebbar, MD and CEO of CreditAccess Grameen, said, “Our financial performance during Q3 FY22 was marked by significant improvement in operating profitability coupled with consistent improvement in asset quality, which helped us to reclaim our quarterly PAT of more than INR 100 crore after 2 years. Our consolidated loan portfolio grew by 18.4% YoY to INR 14,587 crore in Q3 FY22. Our collection efficiency excluding arrears consistently improved to 95% at CA Grameen and 89% at MMFL in Dec-21. Overall, we opened 204 branches in the calendar year 2021 and added 5.42 lakh new borrowers of which 48% were outside the top 3 states, in line with our vision of being the preferred financial partner of households across the breadth and depth of the country. We are elated to announce that we have achieved a major milestone in January 2022 with our consolidated loan portfolio crossing USD 2 billion mark. It is a testament to our commitment towards the women empowerment journey and promoting egalitarian growth. We draw immense strength from our resilient business model and deep rural presence which helped us to consistently outperform despite temporary challenges due to the Omicron variant. Our collection efficiency excluding arrears further improved to 95.6% at CA Grameen and 90% at MMFL in Jan-22. As we witness the pandemic severity gradually waning, we stand firm to our yearly guidance and are on track to achieve the same. Our learnings from previous waves and the pragmatic approach adopted give us enough confidence to weather the odds. The government has made its stance clear during the Budget 2022-23 with capital expenditure push and inclusive development agenda being the drivers of creating long-term job opportunities for millions of low income households. Given our strategic position of deep rural presence, we are proud to partner in this growth journey and contribute towards the next level of the capital creation story of Bharat.” Result PDF CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of the Q3 FY2022 unaudited Financial Result of the Company. CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Investor Presentation
Q3 FY2022 Investor Presentation. CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release for Third Quarter FY21-22 Financial Results. CreditAccess Grameen Ltd - 541770 - Unaudited Standalone And Consolidated Financial Results For Q3 Of FY2022
Unaudited Standalone and Consolidated Financial Results for the Third Quarter and Nine Months Period ended December 31, 2021 CreditAccess Grameen Ltd - 541770 - Board Meeting Outcome for Outcome Of The Board Meeting
Outcome of the Board Meeting held on February 04, 2022