CreditAccess Grameen shares closed down 4.24% at ₹1,095 on the BSE after the company reported a 298.7% YoY surge in Q2 net profit to ₹502 crore.
The company posted pre‑provision operating profit of ₹970.2 crore, up 39.6% from ₹657.5 crore a year earlier, and profit before tax of ₹670.9 crore, a 296.6% rise on the ₹169.2 crore of 2025‑26. Credit cost fell 43.2% to ₹299 crore, while net interest income grew 31.3% to ₹1,351 crore.
Assets under management topped ₹30,946 crore, a 19.5% YoY increase, pushing the return on assets to 5.8% and return on equity to 23.2%. The board raised FY27 guidance, now targeting an ROA of 5.2–5.8% and an ROE of 21–24%.
Disbursements rose 19.4% to ₹6,355 crore, adding 2.3 lakh new borrowers, 35% of whom were new‑to‑credit. The portfolio at risk beyond zero days stood at 2.1%, and gross NPA at 60 days was 1.79%, with a net NPA of 0.59%.
CEO Ganesh Narayanan said the firm will cut loan pricing by 50 basis points from October, aiming to keep growth sustainable while navigating a weather‑challenged rural market. The company remains poised for the second half, with a focus on expanding retail finance to 23% of AUM.