Q2 2025 CreditAccess Grameen Ltd Earnings Call Transcript
Key Points
- CreditAccess Grameen Ltd (NSE:CREDITACC) reported a year-on-year AUM growth of 11.8% to INR25,133 crores, indicating robust business expansion.
- The net interest income increased by 20.8% year-on-year to INR932 crores, showcasing strong revenue generation.
- The company maintained a stable portfolio yield of 21.1% and an interest spread of 11.4%, which are among the lowest in the microfinance industry.
- CreditAccess Grameen Ltd (NSE:CREDITACC) has a strong capital adequacy ratio of 26.1%, providing a solid financial foundation.
- The company has a comfortable liquidity position with cash and cash equivalents of INR2,036 crores, amounting to 7.6% of total assets.
- There has been a temporary increase in delinquency across various geographies, impacting asset quality.
- The company witnessed a quarter-on-quarter decline of 4.4% in overall AUM and a 1% decline in the customer base.
- The cost to income ratio stood at 30.7%, indicating potential inefficiencies in cost management.
- Credit cost for Q2 FY '25 was high at INR420 crores, reflecting increased provisions due to elevated delinquencies.
- The company revised its FY '25 annual performance guidance downwards, anticipating lower loan portfolio growth and higher credit costs.
Ladies and gentlemen, good day, and welcome to CreditAccess Grameen Gramin Limited Q2 FY '25 Earnings Conference Call hosted by ICICI Securities Limited.
(Operator Instructions)
I now hand the conference over to Mr. Renish Bhuva from ICICI Securities. Thank you, and over to you, sir.
Yeah, hi. Thanks, you know, good evening, everyone and welcome to Credit Access Q 225 on this call. On behalf of IC H A Securities, I would like to thank C A Gram in management team for giving us the opportunity to host this call. Today we have with us the entire team of C A Grain presented by Mr Kumar, managing director, Mr Ganesh Narayan CEO, Mr Ns Dalvi CFO and Mr Sahib Sharma DJ Minister Relations.
I will now hand over the call to Mr Kumar for his opening remarks and then we will open the floor for Q&A over to you, sir.
Thank you, Renish. Good evening, everyone. Thank you for joining the
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