CreditAccess Grameen Limited - Business Update for March 2022

CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, 'CA Grameen'), the country's leading microfinance institution, today announced its business update on key operational indicators for the month of March 2022.

Key Consolidated Operational Indicators: March 2022

• Gross Loan Portfolio (GLP) grew by 22.2% YoY to INR 16,601 crore in Mar-22
• CA Grameen: GLP grew by 21.1% YoY to INR 13,732 crore
• MMFL: GLP grew by 27.7% YoY to INR 2,869 crore
• Disbursements of INR 2,257 crore in Mar-22 (vs. INR 1,746 crore in Feb-22)
• CA Grameen: Disbursements were INR 1,825 crore in Mar-22 compared to INR 1,400 crore in Feb-22
• MMFL: Disbursements were INR 432 crore in Mar-22 compared to INR 346 crore in Feb-22
• Branch network grew by 15.0% YoY to 1,638 branches in Mar-22. 214 new branches opened in the financial year 2022, primarily across newer markets
• 1,24,787 new borrowers added in Mar-22 (vs. 89,871 in Feb-22). Cumulative addition of 5,05,300 new borrowers in the last two quarters
• Collection Efficiency was 95% (excl. arrears)/96% (incl. arrears) in Mar-22
• CA Grameen: 96% (excl. arrears)/97% (incl. arrears) in Mar-22 compared to 96% (excl. arrears)/97% (incl. arrears) in Feb-22
• MMFL: 92% (excl. arrears)/94% (incl. arrears) in Mar-22 compared to 91% (excl. arrears)/93% (incl. arrears) in Feb-22
• Excluding non-paying NPA customers, Collection Efficiency was 97% (excl. arrears)/98% (incl. arrears) in Mar-22
• CA Grameen: 97% (excl. arrears)/98% (incl. arrears)
• MMFL: 94% (excl. arrears)/96% (incl. arrears)
• Improved Asset Quality as on Mar-22: PAR 30: 3.7%, PAR 60: 3.2%, PAR 90: 2.7%
• CA Grameen (Mar-22/Feb-22): PAR 30: 3.0%/5.0%, PAR 60: 2.6%/4.5%, PAR90: 2.3%/4.1%. INR 243.3 crore was estimated write off in Mar-22 as per policy
• MMFL (Mar-22/Feb-22): PAR 30: 7.5% (vs. 9.8% in Feb-22), PAR 60: 6.0% (vs. 7.9% in Feb-22), PAR 90: 4.9% (vs. 6.6% in Feb-22). INR 47.8 crore was estimated write off in Mar-22 by MMFL as per policy

Please note that all the numbers mentioned above as of 31st March 2022 are provisional unaudited numbers. It is subject to review by the Audit Committee, Board of Directors and is also subject to limited review by the Statutory Auditors of the company.

Shares of CREDITACCESS GRAMEEN LIMITED was last trading in BSE at Rs. 923.35 as compared to the previous close of Rs. 884.10. The total number of shares traded during the day was 16886 in over 1796 trades.

The stock hit an intraday high of Rs. 929.95 and intraday low of 889.65. The net turnover during the day was Rs. 15440030.00.

Source : Equity Bulls

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CREDITACCESSGRAMEEN INE741K01010 BusinessUpdate March2022