Q4 2026 CreditAccess Grameen Ltd Earnings Call Transcript
Key Points
- CreditAccess Grameen Ltd (NSE:CREDITACC) reported a strong AUM growth of 14% year-on-year and 11.4% quarter-on-quarter, aligning with their annual growth guidance.
- The company achieved a significant increase in disbursements, with Q4 disbursements growing 28.4% year-over-year and 44.1% quarter-over-quarter.
- Digital adoption among customers is accelerating, with the Grameen Mahi app onboarding 8.4 lakh borrowers in FY26, increasing the total active base to 11.2 lakh customers.
- The cost of borrowing declined to 9.2% in Q4, marking a total 60 basis points reduction during the year, contributing to an expansion in NIMs by 35 basis points quarter-on-quarter to 14.2%.
- The company's balance sheet remains strong with a capital adequacy ratio of 24.4% and a conservative debt-equity ratio of 3x.
- Credit cost ended at 6.74%, exceeding the guidance of 5.5% to 6%, due to new PAR and increased ECL provisioning rates.
- The company faced challenges due to the ongoing West Asia crisis, resulting in an additional provisioning of INR39 crore in Q4.
- Employee attrition, although improved, remains relatively high at 29.4% compared to 33.5% in the previous year.
- The company anticipates a potential increase in cost of borrowing, which could impact future financial performance.
- Despite strong growth, the company acknowledges the need for continued vigilance in managing external macroeconomic factors and potential disruptions.
Ladies and gentlemen, good day, and welcome to CreditAccess Grameen's Q4 and FY26 earnings conference call. (Operator Instructions) I now hand the conference over to Mr. Chintan Shah from ICICI Securities. Thank you, and over to you, sir.
Thank you, Danish. Welcome. On behalf of ICICI Securities, I'm pleased to welcome all to the Q4 FY26 results conference call of CreditAccess Grameen. First of all, I would like to thank the management for giving us the opportunity to host their conference call. I would like to congratulate the team on a very strong set of numbers. From the management, we have Mr. Ganesh Narayanan, Managing Director and Chief Executive Officer; Mr. Gururaj Rao, Chief Operating Officer; Mr. Nilesh Dalvi, Chief Financial Officer; and Mr. Sahib Sharma, DGM, Investor Relations.
Now without further ado, I would now like to hand over the floor to MD & CEO, sir. Thank you, and over to you, Ganesh, sir.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
