Q1 2026 CreditAccess Grameen Ltd Earnings Call Transcript
Key Points
- CreditAccess Grameen Ltd (NSE:CREDITACC) achieved the highest ever first-quarter disbursement in its history, indicating strong business momentum.
- The company increased its AUM-based market share by 70 basis points during FY25, reaching 6.9% of the overall microfinance industry.
- Employee base grew from 20,970 in March '25 to 21,333 by June '25, with a lower annualized attrition rate of 27.1%, supporting improved customer servicing.
- Collection efficiency excluding arrears stood at 93.2% for Q1 FY26, reflecting strong recovery efforts.
- The company raised INR2,570 crores, including a significant USD100 million multicurrency syndicated social loan, reflecting strong ESG credentials and impact-driven record.
- PAR 15+ accretion rates, although improved, remain a concern, particularly in Karnataka where it is still higher than desired.
- The company undertook a significant write-off of INR693 crores in Q1 FY26, impacting credit costs.
- Net income growth was modest at 7% quarter-on-quarter, with a portfolio yield of 20.3% and interest rate of 10.6%.
- The cost-to-income ratio stood at 33.5%, indicating room for operational efficiency improvements.
- The company faces challenges in stabilizing asset quality, with GNPA at 4.70% and net NPA at 1.78%, predominantly measured 60+ dpd.
Ladies and gentlemen, good day, and welcome to the CreditAccess Grameen Q1 FY26 conference call, hosted by Equirus Securities. (Operator Instructions) Please note that this conference is being recorded. This conference call may contain forward-looking statements about the company, which are based on the opinions and expectations of the company, as on the date of this call, the statements are not the guarantee of future performance and in an uncertainty that are difficult to predict.
I now hand the conference over to Mr. Shreepal Doshi for Equirus Securities. Thank you, and over to you, sir.
Good evening, everyone. I welcome you all to Q1 FY26 earnings call of CreditAccess Grameen. Today, we have job management of CreditAccess Grameen, represented by Mr. Ganesh Narayanan, CEO and MD designate; Mr. Gururaj Rao, Chief Operating Officer; Mr. Nilesh Dalvi, Chief Financial Officer; and Mr. Sahib Sharma, Head, Invested Relations.
I would now like to hand over the call to Mr. Ganesh for his
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