Shares of CreditAccess Grameen surged over 9% after the company reported steady business growth for the financial year 2026, signalling resilience despite challenges in the microfinance sector.
The company’s Gross Loan Portfolio (GLP) grew 14% year-on-year to ₹29,590 crore, in line with its annual guidance. This comes even as the firm absorbed a 7.6% write-off during the year, largely linked to the broader microfinance industry crisis.
Disbursements remained robust, rising 24% YoY to ₹24,860 crore in FY26. The fourth quarter stood out as one of the strongest periods, with disbursements reaching ₹8,313 crore, up 28% compared to the same period last year.
Customer addition trends also remained healthy. CreditAccess added 9.8 lakh new borrowers during FY26, including 3.3 lakh in the March quarter alone, reflecting continued demand across its core segments.
The company continued to expand its physical presence, albeit at a measured pace. It opened 183 new branches during the year, taking the total branch count to 2,236, with 18 additions in Q4.
On the digital front, its customer app “Mahi” saw strong traction, onboarding 8.4 lakh users in FY26. This pushed the total user base to 11.2 lakh, highlighting increasing digital adoption among its borrowers.
A key highlight was the growing contribution of retail finance. Its share in the overall portfolio rose sharply to 18% as of March 2026, compared to just 6% a year earlier. This shift was driven by the retention and graduation of high-quality borrowers into higher-value loan products.
Asset quality indicators also showed clear improvement. The company reported a strong X-Bucket Collection Efficiency (CE) of 99.84% by the end of March 2026, indicating effective recovery mechanisms and stabilisation across regions.
Stress indicators eased significantly during the quarter. The PAR (Portfolio at Risk) 0+ bucket declined to 3.0% in March 2026 from 4.4% in December 2025, while PAR 1–90 levels returned to pre-crisis levels due to lower fresh slippages.