CreditAccess Grameen Limited, India’s largest NBFC-MFI, reported strong second-quarter results for FY26, maintaining growth momentum and showing signs of asset quality stabilization.
The company’s profit after tax (PAT) jumped 109% sequentially to Rs 125.8 crore in Q2 FY26 from Rs 60.2 crore in Q1 FY26. Total income stood at Rs 1,509 crore, while pre-provision operating profit (PPOP) improved to Rs 694.8 crore. Profit before tax (PBT) rose 108.5% QoQ to Rs 169.2 crore.
On the balance sheet front, assets under management (AUM) rose 3.1% year-on-year to Rs 25,904 crore, with disbursements increasing 32.9% YoY to Rs 5,322 crore. The company added 2.2 lakh new borrowers, 39% of whom were new-to-credit.
Asset quality metrics improved sequentially with PAR 0+ falling from 5.9% in Q1 FY26 to 4.7% in Q2 FY26, and PAR 90+ at 2.5%. Gross NPA stood at 3.65% and net NPA at 1.26%. Credit cost declined to Rs 525.7 crore, indicating lower fresh slippages.
CreditAccess Grameen maintained robust liquidity of Rs 2,175.5 crore, representing 7.9% of total assets, and a capital adequacy ratio (CRAR) of 26.1%. Its credit rating remains AA-/Stable from CRISIL, ICRA, and India Ratings.
Commenting on the results, Managing Director & CEO Ganesh Narayanan said the company’s second-quarter performance “reflects consistent business momentum and underlying strength,” adding that despite seasonal weakness, the company continues to grow steadily while maintaining asset quality and profitability.
The board also announced the appointment of Manoj Kumar, founder of Social Alpha and trustee of the Tata Institute for Genetics and Society, as the new Chairman effective October 28, 2025.
“It is an honour to take on the role of Chairperson after serving on the Board for several years. CreditAccess Grameen stands as a benchmark for responsible growth and financial inclusion,” Kumar said.
About the company:
CreditAccess Grameen operates across 447 districts in 16 states and one union territory, through 2,209 branches. The company’s promoter, CreditAccess India B.V., has over a decade of experience in micro-lending across India.
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