CreditAccess Grameen’s stock dropped sharply by 15.23% to ₹777.00 on the NSE as of 9:20 AM today, extending its losses amid weak Q3 earnings and a downward revision in FY25 guidance for the second time in three months. The stock touched a low of ₹771.00 during early trading, inching closer to its 52-week low of ₹733.30.
The company reported a net loss of ₹100 crore for Q3 FY25, a significant reversal from the ₹353.4 crore profit it recorded during the same period last year. Despite a 6.4% YoY rise in net interest income to ₹905.5 crore, asset quality concerns and higher provisions continued to weigh heavily on the company’s performance. Net interest margins (NIM) fell to a six-quarter low, further dampening investor sentiment.
Key metrics such as assets under management (AUM) saw a modest growth of 6.1% YoY to ₹24,810 crore, while the borrower base expanded by only 2.4%. The gross non-performing assets (GNPA) ratio rose to 3.99%, with total provisions for expected credit loss (ECL) at ₹1,244 crore. Write-offs for the quarter amounted to ₹376.7 crore.
Despite maintaining robust liquidity of ₹3,222.2 crore and a capital adequacy ratio of 25.9%, the company’s weak guidance and subdued performance have spurred investor concerns, leading to the stock’s significant decline.
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