CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investors calls 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)-Analyst / Investor Meet - Outcome
Transcript of the Q2 FY2022 Earnings Conference Call conducted on November 10, 2021. CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investors 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)-Analyst / Investor Meet - Intimation
Investors'' 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)-Newspaper Publication
Newspaper publication of the unaudited Financial Results of the Company for the Second Quarter ended September 30, 2021.
Earnings Call for Q2FY22 of CreditAccess Grameen
Conference Call with CreditAccess Grameen Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript. Q2FY22 Quarterly Result Announced for CreditAccess Grameen Ltd.
Highlights: GLP grew by 19.2% YoY from INR 11,183 crore to INR 13,333 crore Disbursements grew by 136.0% YoY from INR 1,648 crore to INR 3,890 crore Sep-21 Collection Efficiency further improved to 93.3% (excl. arrears)/99% (incl. arrears) for CA Grameen and 87% (excl. arrears)/90% (incl. arrears) for MMFL Regained focus on expansion by opening 121 branches across newer markets and acquired 1.4 Lakh new borrowers in Q2 FY22 Total income increased by 7.2% YoY to INR 618.6 crore. NII increased by 11.5% YoY from INR 330.9 crore to INR 368.9 crore Pre-provision operating profit increased by 11.1% YoY from INR 196.9 crore to INR 218.7 crore Impairment of financial instruments increased from INR 90.2 crore to INR 139.9 crore Prudential approach was taken by aligning MMFL’s provisioning policy with CA Grameen, recognising GNPA at 60+ dpd compared to 90+ dpd earlier. This led to higher provisions by INR 13.4 crore Total ECL provisions were INR 742.9 crore (5.90% of loan portfolio) against GNPA of 7.67% Write-offs were INR 129.6 crore Profit After Tax (PAT) declined by 25% YoY from INR 79.6 crore to INR 59.7 crore. However, PAT increased 194.5% QoQ from INR 20.3 crore in Q1 FY22 to INR 59.7 crore in Q2 FY22 Liquidity was strong at INR 1,622.9 crore cash & cash equivalents as on 30th September 2021, amounting to 11.4% of the total assets Healthy capital position with standalone CRAR of 30.9% and consolidated CRAR of 26.1% 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, “The signs of significant rebound in the rural economy during Q2 FY22 augurs well for our company as we were able to disburse INR 3,890 crore and contribute to the rural capital creation story across the country. Our consolidated portfolio grew by 19.2% YoY to INR 13,333 crore in Q2 FY22. Our collection efficiency consistently improved to 93.3% at CA Grameen and 87% at MMFL in Sep-21. We opened 121 branches in Q2 FY22, primarily in the newer markets like Uttar Pradesh, Bihar, Chhattisgarh, Gujarat, Jharkhand and Rajasthan. As a part of completion of the process integration with MMFL, we have aligned MMFL’s provisioning policy with CA Grameen, recognising GNPA at 60+ dpd compared to 90+ dpd. While this led to higher provisioning during the second quarter, we considered this at an appropriate time given that all the process, policies and operating model have been integrated under one umbrella. We maintained strong business momentum in Oct-21, disbursing INR 1,372 crore resulting in consolidated portfolio growth of 20.2% YoY to INR 13,647 crore. Collection efficiency further improved in Oct-21 to 94.3% for CA Grameen and 87% for MMFL. We opened another 21 branches in Oct-21, taking the total branch network to 1,566. Overall, we added near 2 lakh new borrowers during Jul-21 to Oct-21. With the reduced severity of the pandemic situation and with increasing vaccination throughout the country, thanks to the huge efforts from Govt. of India, we are confident of delivering strong business growth in the second half of the FY22 as well as coming years. Assuming that there are no further severe business disruptions on account of Covid, we look forward to achieving loan portfolio growth of 17%-19% with a credit cost of 4.7%-4.9% resulting in an ROA of 1.8%-2.0% for the FY22. Our integrated platform along with MMFL, underpinned by our rural focus, customer centric approach, strong liquidity, capital adequacy, highly experienced management and strong balance sheet places us in the forefront to drive growth in the microfinance industry.” Result PDF CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investors Presentation for Q2 FY 2021-22. CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release for Second Quarter FY21-22 Financial Results. CreditAccess Grameen Ltd - 541770 - Unaudited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended September 30, 2021
Unaudited Standalone and Consolidated Financial Results for the Second Quarter and Half Year ended September 30, 2021