CreditAccess Grameen Q2 FY27 Earnings Call Transcript Released
CreditAccess Grameen reported a record Q2 FY27 profit of ₹502 Crore, with H1 FY27 PAT at ₹995 Crore. AUM grew 19.5% YoY to ₹30,946 Crore. Retail Finance AUM reached ₹7,200 Crore. NIM expanded to 15.1%. The company raised FY27 ROA guidance to 5.2-5.8% and ROE to 21-24%. Credit cost guidance remains 3-4%.
The release of the earnings call transcript provides detailed financial performance, strategic insights, and future guidance, which are crucial for investors to assess the company's outlook and make informed decisions.
The company reported record profits, strong AUM growth, improved margins, and raised its profitability guidance for the fiscal year, indicating a positive financial performance.
CreditAccess Grameen Limited has released the transcript of its Q2 FY27 Earnings Conference Call, which was held on October 22, 2026. The call featured insights from MD & CEO Mr. Ganesh Narayanan, COO Mr. Gururaj Rao, CFO Mr. Nilesh Dalvi, and DGM Investor Relations & Strategy Mr. Sahib Sharma. The call was hosted by Mr. Abhijit Tibrewal from Motilal Oswal Financial Services.
During the call, Mr. Narayanan highlighted a record quarterly profit of ₹502 Crore for Q2 FY27, marking a fivefold increase over five years. The first half of FY27 saw a PAT of ₹995 Crore, up from ₹778 Crore in the previous year, with H1 ROA at 5.9% and ROE at 23.8%. Assets Under Management (AUM) grew 19.5% year-on-year to ₹30,946 Crore, with disbursements at ₹6,355 Crore, up 19.4% year-on-year. The company added 2.3 Lakh new borrowers in the quarter, bringing H1 additions to 4.9 Lakh customers, and opened 60 new branches, expanding its network to 2,326 branches.
The company is experiencing strong growth in its Retail Finance segment, with AUM reaching ₹7,200 Crore, constituting 23.3% of the total AUM. The secured book within Retail Finance grew 60.9% year-on-year to ₹695 Crore. Borrower retention rates improved to 88% in H1 FY27. The Group Loan portfolio stood at ₹23,746 Crore, with a marginal decline of 2% from the start of FY27 due to write-offs and graduations.
Asset quality saw a temporary increase in PAR accretion in August and September due to adverse weather conditions in certain regions, but has since returned to pre-crisis levels. Gross NPA stood at 1.79%, Net NPA at 0.59%, and PAR 90 plus at 1.11%, all improving sequentially. Net Interest Margin (NIM) expanded to 15.1% in Q2, and the cost-to-income ratio improved to 28.2%. The company's capital position strengthened, with capital adequacy at 26.9% and Tier 1 at 26.2%.
CreditAccess Grameen has raised its profitability guidance for FY27, expecting ROA between 5.2% to 5.8% and ROE between 21% to 24%. The AUM growth guidance remains at 20% to 25%. The NIM guidance has been revised upwards to 14.4% to 14.7%. The company retains its credit cost guidance of 3% to 4% for the full year.
Discussions also touched upon the impact of drought-related challenges in certain pockets of Maharashtra, with the company focusing on existing customers and strengthening collection efforts in affected areas. The company has also secured a USD 175 million ECB loan in October, syndicated by Standard Chartered Bank and DBS Bank. Management indicated that a strategic investor discussion is ongoing at the HoldCo level.
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