CreditAccess Grameen Q2 results: Profit falls 32% YoY, AUM and disbursements rise

CreditAccess Grameen Ltd reported a 32.3% year-on-year decline in consolidated net profit to ₹126 crore for the September quarter, compared with ₹186 crore in the same period last year.

Net interest income rose 6.2% to ₹1,028 crore from ₹968 crore.

The company’s assets under management grew 3.1% year-on-year to ₹25,904 crore, while disbursements increased 32.9% to ₹5,322 crore.

CreditAccess added 2.2 lakh new borrowers during the quarter, with 39% being new-to-credit customers. The portfolio share of unique borrowers improved to 41% from 36% in the previous quarter.

The lender’s branch network expanded 8.8% year-on-year to 2,209, while its employee base rose 10.9% to 21,701. Collection efficiency, including arrears, improved to 94.9% in September 2025 from 94.1% in June 2025. The retail finance portfolio also crossed the ₹2,500 crore mark during the quarter.

Ganesh Narayanan, Managing Director and CEO, said, “We reported an improved second-quarter performance, reflecting consistent business momentum. Despite the seasonally weaker nature of the quarter, the outcome built on the strong trajectory established in Q1 FY26, demonstrating the underlying strength of our business.”

He added that employee engagement and morale remain strong, with the company maintaining a focus on asset quality and profitability.

The company also announced that Manoj Kumar, a board member since October 2019, has been appointed Chairman effective October 28, 2025.