CreditAccess Grameen FY26: Profitability Returns as Asset Quality Normalises

In Q4 FY26, the company reported NII of INR 1,048 crore, PPOP of INR 780 crore and PAT of INR 340 crore, with ROA of 4.4% and ROE of 17.8%.

AUM was INR 29,590 crore (up 14.0% YoY and 11.4% QoQ) and disbursements were INR 8,313 crore (up 28.4% YoY and 44.1% QoQ).

The company reported GNPA of 3.17%, NNPA of 1.12% and PAR 90+ of 2.28% in Q4 FY26, alongside lower monthly PAR 15+ accretion of 0.07% in Mar-26.

FY27 guidance includes AUM growth of 20% to 25%, NIM of 12.8% to 13.2%, cost-to-income of 33% to 35%, credit cost of 3% to 4%, ROA of 4.0% to 4.8% and ROE of 16% to 20%.

As of Q4 FY26, group loans were INR 24,227 crore (81.9% of AUM) and retail finance was INR 5,362 crore (18.1% of AUM). Within retail finance, IBL and other life-cycle loans were INR 4,816 crore (16%), SBL INR 287 crore (1%), AHL INR 244 crore (0.8%) and two-wheeler loans INR 15 crore (0.1%).

The presentation states that FY26 figures are after considering write-off of INR 1,968 crore AUM and 4.9 lakh borrowers in FY26.

The company implemented a new ECL model extending history from 36 to 120 months and adding scenario-based forward-looking estimates; it cited additional provisioning of INR 39 crore due to higher weightage to major external events scenario linked to the West Asia crisis.