CreditAccess Grameen Q4 Review - Higher Credit Costs Continued Amid Covid-19 Led Restrictions: KRChoksey
A customer counts Indian rupee banknotes in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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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