CreditAccess Grameen share price staged its best single-day gain in nearly one year in an overall weak market after it reported its December quarter earnings. The share price advanced as much as 14.46%, the best one-day move since January 29, 2025, to hit an intraday high of ₹1,422.30 on the NSE.
CreditAccess Grameen, India’s largest NBFC-Microfinance Institution, released its unaudited financial results for the third quarter of FY25-26 on January 20, 2026. The company reported a sharp recovery in profitability driven by improvement in asset quality, borrower additions and enhanced collections across key geographies.
The third quarter of FY26 marked a phase of renewed growth focus for CreditAccess Grameen. The company’s Assets Under Management (AUM) increased from ₹24,810 crore to ₹26,566 crore, reflecting a year-on-year growth of 7.1%. Disbursements also rose by 13.4% year-on-year to ₹5,767 crore as the company accelerated lending activities amid stabilising borrower behavior.
Borrower acquisition remained an important strategic priority during the quarter. The company added approximately 2.06 lakh new borrowers in Q3, out of which 39% were new-to-credit customers. The share of unique borrowers increased to 43% in Q3 FY26 compared to 41% in Q2 FY26, indicating efficient expansion in underserved markets.
Operationally, the company continued its network expansion. The branch strength rose from 2,059 to 2,222 branches over the past year and the total employee base reached 21,701, reflecting a 12.2% year-on-year increase. These expansions further strengthen on-ground reach and field operations.
One of the key highlights of the quarter was the improvement in asset quality trends across operating geographies. Collection efficiency improved to 95.5% in December 2025 compared to 94.5% in September 2025.
The retail finance portfolio also gained traction, rising to 14.1% in December 2025 from 11.1% in September 2025. The company noted that Karnataka, a major exposure geography, witnessed normalization with asset quality levels reverting towards historical trends. The industry-wide MFIN regulatory guardrails were also cited as supportive in maintaining borrower discipline.
CreditAccess Grameen posted a notable turnaround in financial performance during Q3 FY26. Total Net income increased by 13.8% year-on-year to ₹1,032 crore. The pre-provision operating profit (PPOP) rose by 9.2% year-on-year to ₹680.5 crore, reflecting healthy operating leverage.
The sharp recovery in profitability was driven by lower credit costs and better recoveries. Profit Before Tax increased to ₹337.9 crore from a loss of ₹128.9 crore in the previous year’s quarter. Profit After Tax also surged to ₹252.1 crore compared to a loss of ₹99.5 crore a year earlier, representing a 153.3% year-on-year increase and 100.4% quarter-on-quarter jump. The company reported an improved Return on Assets (RoA) of 3.5% and Return on Equity (RoE) of 13.8% during the quarter.
Declining new PAR accretion led to reduction in credit cost by 54.4% year-on-year to ₹342.6 crore. GNPA and NNPA metrics measured on 60+ days past due stood at 4.04% and 1.36% respectively. These metrics indicate a phase of gradual normalisation following sectoral stress observed in previous quarters.
The company maintained strong balance sheet strength during the quarter. Liquidity buffers included ₹2,397.4 crore held in cash, equivalents and investments, equivalent to 8.4% of total assets. The Capital Adequacy Ratio (CRAR) remained healthy at 26.4%, providing the institution sufficient headroom for future growth. Credit ratings remained stable with “AA-/Stable” assigned by CRISIL, ICRA and India Ratings.
For the nine-month period ending December 31, 2025, the company reported total net income of ₹2889.9 crore, up 5.2% year-on-year. Profit After Tax stood at ₹588.2 crore, translating into a Return on Assets of 3.5% and Return on Equity of 13.8%. While the first half of FY26 reflected moderate performance, the strong third quarter recovery significantly improved profitability momentum.
On Wednesday, CreditAccess Grameen share price advanced as much as 14.46%, the best one-day move since January 29, 2025, to hit an intraday high of ₹1,422.30 on the NSE. As of 2:26 pm, the stock price was trading at ₹1,409.90 per share, up by 13.19%. The stock price is up by 46% in last one year.
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