CreditAccess Grameen revises guidance for FY25 again

CreditAccess Grameen revises guidance for FY25 again

CreditAccess Grameen has revised its guidance for FY25 for the second time in four months.

Company Value Change %Change

It has revised its loan growth guidance to 7%-8% from 23%-24% to 8%-12% in October 2024.

It has also revised credit cost from 2.2%-2.4% to 4.5%-5% in October 2024 to 6.7%-6.9% now.

CreditAccess Grameen has revised its return on assets as well to 2.3%-2.4% from 5.4%-5.5% to 3%-3.5% in October 2024.

Its return on equity has been revised to 9.5%-10% from 23%-23.5% to 12%-14% in October 2024.

It had revised its cost to income ratio from 30%-31% to 30%-32% in October 2024 and has maintained the same for now.

Its net interest margin was revised from 12.8%-12.9% to 12.8%-13% in October 2024 and it remains as well.

CreditAccess Grameen shares ended 5.88% lower at ₹914.15 apiece on Friday, January 24. The stock has fallen 28.08% in the past six months and 42.56% in the past year.

The microfinance lender reported a net loss of ₹99.5 crore for the third quarter that ended December 31, 2024. The loss was due to early risk recognition, conservative provisioning, and accelerated write-offs, positioning the company for normalised growth and profitability in the coming quarters.

In the corresponding quarter of the previous fiscal, CreditAccess Grameen posted a net profit of ₹353.4 crore. Net interest income (NII) of the lender grew 6.4% year-on-year to ₹905.5 crore against ₹850.7 crore in the same period of the previous fiscal.

CreditAccess Grameen reported a 6.1% YoY growth in its assets under management (AUM), which increased from ₹23,382 crore to ₹24,810 crore. The borrower base expanded by 2.4% YoY to 48.05 lakh, while the branch network grew by 8.7% to 2,059 branches.

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