Latest news with #CreditAccessGrameenLtd
Business Standard
19-05-2025
- Business
- Business Standard
Protean eGov Technologies Ltd leads losers in 'A' group
Bharat Bijlee Ltd, Vodafone Idea Ltd, CreditAccess Grameen Ltd and Gujarat Ambuja Exports Ltd are among the other losers in the BSE's 'A' group today, 19 May 2025. Bharat Bijlee Ltd, Vodafone Idea Ltd, CreditAccess Grameen Ltd and Gujarat Ambuja Exports Ltd are among the other losers in the BSE's 'A' group today, 19 May 2025. Protean eGov Technologies Ltd tumbled 20.00% to Rs 1143.05 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 3.31 lakh shares were traded on the counter so far as against the average daily volumes of 59437 shares in the past one month. Bharat Bijlee Ltd lost 9.96% to Rs 3112.4. The stock was the second biggest loser in 'A' the BSE, 30442 shares were traded on the counter so far as against the average daily volumes of 4639 shares in the past one month. Vodafone Idea Ltd crashed 8.96% to Rs 6.71. The stock was the third biggest loser in 'A' the BSE, 1988.27 lakh shares were traded on the counter so far as against the average daily volumes of 687.08 lakh shares in the past one month. CreditAccess Grameen Ltd corrected 7.14% to Rs 1118.9. The stock was the fourth biggest loser in 'A' the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 27254 shares in the past one month. Gujarat Ambuja Exports Ltd slipped 6.86% to Rs 116.15. The stock was the fifth biggest loser in 'A' the BSE, 1.95 lakh shares were traded on the counter so far as against the average daily volumes of 54753 shares in the past one month.
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Business Standard
16-05-2025
- Business
- Business Standard
CreditAccess Grameen Q4 results: Net profit down 88.1% at ₹47.2 crore
Microfinance lender CreditAccess Grameen Ltd reported an 88.1 per cent year-on-year (YoY) decline in net profit to ₹47.2 crore for the quarter ended March 2025 (Q4FY25), owing to conservative provisioning and accelerated write-offs. For the full financial year FY25, the company's net profit rose 63.2 per cent YoY to ₹531.4 crore. Its stock closed 0.9 per cent higher at ₹1,204.90 per share on the BSE. In a filing with the exchanges, the company said its net interest income (NII) declined 5.0 per cent to ₹876.1 crore in Q4FY25. Its net interest margin dropped to 12.7 per cent from 13.1 per cent in Q4FY24. The total write-off stood at ₹518.2 crore in Q4, including ₹479.2 crore in accelerated write-offs, resulting in an additional credit cost of ₹150.7 crore. Gross non-performing assets (NPAs) rose sharply to 4.76 per cent as of March 2025, up from 1.18 per cent a year ago. The microfinance lender's gross loan portfolio declined by 2.9 per cent YoY to ₹25,948 crore as of March 2025. Considering the evolving business environment, the company is targeting loan portfolio growth of 14–18 per cent in FY26. Of this, growth in the microfinance segment will be 8–12 per cent, with the remainder coming from retail finance, said Ganesh Narayanan, Chief Executive Officer of CreditAccess Grameen. Udaya Kumar Hebbar, Managing Director of the company, said the continued effort to address ground-level challenges, reduce customer leverage, and expand the on-ground workforce has significantly improved customer engagement. 'This has enabled more frequent and disciplined follow-ups on delinquent accounts, resulting in improved collections,' the company said in a statement.
