CreditAccess Grameen Q3 | Micro lender returns to profit with a bang, NII rises 13%

CreditAccess Grameen reported a sharp turnaround in its third quarter performance, posting a consolidated net profit of ₹252 crore, compared with a loss of ₹100 crore in the corresponding quarter last year.

Net interest income (NII) grew 13% year-on-year to ₹976 crore, up from ₹863 crore, reflecting improved operating performance during the quarter. The results mark a significant recovery for the microfinance lender after a weak performance in the year-ago period.

Earlier, in the second quarter, CreditAccess Grameen had reported a 32% year-on-year decline in consolidated net profit at ₹126 crore, compared with ₹186 crore in the same period last year. During Q2, net interest income rose 6.2% to ₹1,028 crore from ₹968 crore. Assets under management increased 3.1% year-on-year to ₹25,904 crore, while disbursements grew 32.9% to ₹5,322 crore.

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

The company added 2.2 lakh new borrowers in the September quarter, with 39% classified as new-to-credit customers. The share of unique borrowers improved to 41% from 36% in the previous quarter. The branch network expanded 8.8% year-on-year to 2,209 branches, while the employee base increased 10.9% to 21,701. Collection efficiency, including arrears, improved to 94.9% in September 2025 from 94.1% in June 2025, and the retail finance portfolio crossed the ₹2,500 crore mark.

Commenting earlier on Q2 performance, Managing Director and CEO Ganesh Narayanan said the results reflected consistent business momentum despite seasonal weakness, adding that the company remained focused on asset quality and profitability.

Shares of CreditAccess Grameen closed lower on the NSE, ending at ₹1,248, down ₹34.10 or 2.66% on January 20, 2026.