Q2 2026 CreditAccess Grameen Ltd Earnings Call Transcript
Key Points
- CreditAccess Grameen Ltd (NSE:CREDITACC) reported a 32.9% year-on-year increase in disbursements for Q2 FY26, amounting to INR5,332 crores.
- The company added 4.4 lakh new borrowers in H1 FY26, with 39% of new borrowers in Q2 being new to credit, showcasing strong customer acquisition capabilities.
- The retail finance portfolio share increased to 11.1% of AUM at the end of Q2 FY26, up from 6.8% in Q1, indicating successful diversification efforts.
- Net interest income grew by 4.2% quarter-on-quarter to INR976 crores, with a portfolio yield of 20.7% and an interest spread of 11.1%.
- The company maintained a comfortable capital adequacy ratio of 26.1%, ensuring financial stability and capacity for future growth.
- Credit cost guidance for FY26 is expected to be higher by 70 to 100 basis points than initially anticipated, due to delayed improvement in PAR accretion rates.
- The company anticipates an increase in ECL provisioning rates, resulting in an additional 30 to 40 basis points credit cost impact in FY26.
- PAR 15 accretion rates remained range-bound due to temporary impacts of heavy rains, affecting credit costs.
- The annualized employee attrition rate stood at 28.9% in Q2 FY26, which could impact operational efficiency and continuity.
- Despite improvements, the GNPA stood at 3.65% and net NPA at 1.26%, indicating ongoing challenges in asset quality management.
Ladies and gentlemen, good day, and welcome to the CreditAccess Grameen Q2 and FY26 earnings conference call hosted by Motilal Oswal Financial Services Limited. (Operator Instructions)
I now hand the conference over to Abhijit Tibrewal from Motilal Oswal Financial Services Limited. Thank you, and over to you, sir.
Thank you, Danesh. Good evening everyone. I'm Abhijit Tibrewal from Motilal Oswal, and it is our pleasure to welcome you all to this earnings call. Thank you very much for joining us for the CreditAccess Grameen call to discuss Q2 FY26 earnings.
To discuss the company's earnings, I am pleased to welcome Mr. Ganesh Narayanan, Managing Director and Chief Executive Officer; Mr. Gururaj Rao, Chief Operating Officer; Mr. Nilesh Dalvi, Chief Financial Officer; Mr. Sahib Sharma, DGM, Investor Relations.
On behalf of Motilal Oswal, we thank the senior management and the Investor Relations team of CreditAccess Grameen Limited for giving us this opportunity to host
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