CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Transcript of the Q1 FY2022 Earnings Conference Call conducted after the meeting of the Board of Directors on August 11, 2021.17-08-2021
17-08-2021
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, 2015.16-08-2021
CreditAccess Grameen Ltd - 541770 - Appointment Of Mr. George Joseph As The Chairman Of Board Of Directors Of The Company
Appointment of Mr. George Joseph as the Chairman of Board of Directors of the Company.13-08-2021
CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of the unaudited Financial Results of the Company for the First Quarter ended June 30, 2021.12-08-2021
Earnings Call for Q1FY22 of CreditAccess Grameen
Conference Call with CreditAccess Grameen Management and Analysts on Q1FY22 Performance and Outlook. Listen to the full earnings transcript.11-08-2021
Q1FY22 Result Announced for CreditAccess Grameen Ltd.
Consolidated Business Highlights: Q1 FY22: GLP grew by 8% YoY (from INR 11,724 crore) to INR 12,664 crore Disbursements of INR 1,065 crore in Q1 FY22 compared to INR 46 crore in prior period. Disbursements sharply picked up in Jul-21 at INR 1,259 crore Active borrowers declined by 5.6% YoY from 40.1 lakh to 37.9 lakh owing to write-offs during the period Jul-21 Collection Efficiency improved significantly to 91% (excl. arrears)/ 97% (incl. arrears) for CA Grameen and 83% (excl. and incl. arrears) for MMFL, compared to 81% (excl. arrears) / 84% (incl. arrears) for CA Grameen and 66% (excl. and incl. arrears) for MMFL in Jun-21 Regained focus on expansion by opening 66 branches across newer markets in Jul-21. Consolidated Financial Highlights: Q1 FY22; Total income was flat at INR 617.4 crore. NII declined by 8% YoY from INR 384.5 crore to INR 352.7 crore, due to de-recognition of INR 21.3 crore interest income on stage 3 portfolio Pre-provision operating profit declined by 15% YoY from INR 255.6 crore to INR 216.4 crore Impairment of financial instruments increased from INR 155.1 crore to INR 187.9 crore With the business growth being back to pre-COVID levels, prudential approach was taken towards early recognition of risk and conservative provisioning This increased total ECL provisions to INR 731.8 crore (6.30% of loan portfolio) against GNPA of 7.56% Write-offs were INR 78.7 crore Profit After Tax declined by 73% YoY from INR 74.6 crore to INR 20.3 crore on account of higher provisions and excess liquidity maintained in the wake of unprecedented situation Liquidity position remained robust with INR 2,221.9 crore cash & cash equivalents as on 30th June 2021, amounting to 16.0% of total assets Healthy capital position with standalone CRAR of 33.8% and consolidated CRAR of 28.6% A+ (Stable) Credit Rating affirmed by leading rating agencies in India. Commenting on the performance, Mr. Udaya Kumar Hebbar, Managing Director and CEO of CreditAccess Grameen, said, “The first quarter was quite challenging due to resurgence of COVID with much higher intensity, causing large scale impact on human lives. This was followed by lockdowns across various states with high infection rates, impacting the business operations and livelihood activities of our customers. We decided to momentarily shift focus from growth to collections, employees’, and customers’ well-being. However, with improving operating conditions in later part of June and July, we witnessed strong improvement in monthly collections which increased to 91% at CA Grameen and 83% at MMFL. We resumed our business growth with disbursements of INR 1,259 crore in July, surpassing our overall disbursements during Q1 FY22 and addition of 66 new branches expanding our presence in newer markets. We remain cautious of the possible third wave, however, with increasing vaccination throughout the country, we believe that the impact of virus on both businesses and personal lives will reduce going forward paving the way for back to normal course of business. We shall continue to capture the growth opportunity, being the largest and trusted microfinance institution in the country. With an improving business environment, opening of new branches, our strong liquidity, capital adequacy and balance sheet will help us to drive business growth over coming months, surpassing our last year’s performance.“ Result PDF11-08-2021
CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Investor Presentation
We hereby submit the Investor Presentation for the First Quarter ended June 30, 2021.11-08-2021
CreditAccess Grameen Ltd - 541770 - Financial Results For The First Quarter Ended June 30, 2021
Unaudited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 202111-08-2021
CreditAccess Grameen Ltd - 541770 - Board Meeting Outcome for Outcome Of The Board Meeting Held On August 11, 2021
Outcome of the Board Meeting held on August 11, 2021.11-08-2021
CreditAccess Grameen Ltd - 541770 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We hereby inform that the Company has allotted 38,739 Equity Shares of Rs.10/- each to 33 employees, who had exercised their options under the ESOP Scheme of the Company. It may please be noted that out of the above, Mr. Udaya Kumar Hebbar, Managing Director and CEO is allotted 15,000 equity shares.10-08-2021