CREDITACCESS GRAMEEN LIMITED — Investor Meet, 02-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

CreditAccess Grameen reported Q2 FY26 PAT of Rs. 126 Cr and ROA of 1.8%, with disbursements up 32.9% YoY to Rs. 5,322 Cr. The company added 2.2 lakh new borrowers in Q2, with Retail Finance now 11.1% of AUM. Management anticipates FY26 credit cost 70-100 bps higher than initial guidance, and FY27 credit cost at 4-4.5% due to ECL model recalibration, including a one-time 70-80 bps impact. They expect 20%+ growth in FY27, combining microfinance and growing retail finance. The company recently increased group loan pricing by ~75 bps and is confident of achieving 4-4.5% ROA in FY27 through improved operating profits, yields, and lower borrowing costs, expecting strong H2 performance.