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View Claim Ledger →CreditAccess Grameen Ltd — Q4 FY26
CreditAccess Grameen delivered a strong Q4 FY26, with PAT surging over 6x YoY to ₹340 crore and ROA reaching 4.4%.
bullish
high
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CreditAccess Grameen delivered a strong Q4 FY26, with PAT surging over 6x YoY to ₹340 crore and ROA reaching 4.4%. The AUM grew 14% YoY and 11.4% QoQ, driven by robust disbursement growth of 28.4% YoY. The recovery from the MFI credit cycle is evident: gross NPA (60 DPD) improved to 3.17% and PAR accretion rates have normalized. Management guided FY27 AUM growth of 20-25%, with credit cost declining to 3-4% and ROA of 4-4.8%. The retail finance portfolio (18.1% of AUM) is scaling rapidly, leveraging the group lending ecosystem. Key risks include prolonged West Asia crisis impacting rural demand and potential inflationary pressures on operating costs.
Promises0 met · 1 missedRisks4 trackedTranscriptfull text
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Prolonged West Asia crisis impact
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AUM Growth
14%
+14% YoY
AUM grew 14% YoY and 11.4% QoQ, in line with annual guidance despite 7.6% write-offs.
Disbursements Q4
₹8,313 Cr
+28.4% YoY
Disbursements grew 28.4% YoY and 44.1% QoQ, driven by strong borrower acquisition.
Borrower Additions FY26
9.8 Lakh
+38% de novo
9.8 lakh borrowers added in FY26, with 38% being new-to-credit customers.
Share of Unique Group Loan Borrowers
46.1%
+19.5pp YoY
Share of unique group loan borrowers increased from 26.6% in Aug'24 to 46.1% in Mar'26.
Fast read
Guidance and risk preview
Management guided AUM growth of 20-25% for FY27, with MFI growing 10-12% and retail finance driving the balance.
Management flagged potential supply disruptions (fuel/gas) from the West Asia crisis, which could affect rural customers and increase credit costs.
View Risks →