CreditAccess Grameen Q4 Review – Higher Credit Costs Continued Amid Covid-19 Led Restrictions: KRChoksey

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KRChoksey Research Report

CreditAccess Grameen Ltd.’s profit after tax stood at Rs 56.3 crore (86.8% YoY) including the impact of provisioning.

The company continued to focus on its early risk recognition and provisioning policy.

Earnings after minority interest stood at Rs 76.9 crore (172.7% YoY)

During H2 FY21, it has started disbursing loans to new customers; the company’s gross loan portfolio stood at Rs 135.9 billion (13% YoY, 10% QoQ).

It has added 2.92 lakh borrowers in Q4 FY21; 70-80% of these borrowers cater to essential business services.

We expect strong business growth in the post Covid-19 scenario.

Click on the attachment to read the full report:

KRChoksey CreditAccess Grameen Q4FY21 Result Update.pdf


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