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Stock falls 18% after it reports 128% YoY decline in net profits

Microfinance lender reported a net loss of ₹99.5 crore in Q3 FY25, down from a profit of ₹353.4 crore last year. Revenue and net interest income saw growth.
Stock Plunges 18% After Reporting 128% YoY Decline in Net Profits.
Stock Plunges 18% After Reporting 128% YoY Decline in Net Profits.

Introduction:

Microfinance lender reported a net loss of ₹99.5 crore for Q3 FY25, compared to a net profit of ₹353.4 crore in the same period last year, due to conservative provisioning and early risk recognition. Key revenue metrics grew.

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Also Read: Stocks To Watch For Budget 2025

Share price movement of CreditAccess Grameen:

On January 27, 2025, CreditAccess Grameen Ltd opened at ₹851.00, down 6.9% from its previous close of ₹913.90. The stock reached a high of ₹872.95 and a low of ₹750.05. By 11:49 AM, it traded at ₹870.00, a 4.80% decrease, with a market cap of ₹13,882.74 crore.

CreditAccess Grameen Reports Q3 Net Loss:

CreditAccess Grameen Ltd reported a net loss of ₹99.5 crore for Q3 FY25, down from a net profit of ₹353.4 crore in the same period last year. The loss was attributed to early risk recognition and conservative provisioning.

Despite the loss, the company showed growth in key metrics. Total revenue from operations rose by 6.8% YoY to ₹1,380.4 crore, and total income increased by 6.7% YoY to ₹1,381.9 crore. Net interest income grew 6.4% YoY to ₹905.5 crore.

The microfinance lender’s assets under management (AUM) rose by 6.1% YoY to ₹24,810 crore, while its borrower base grew by 2.4% to 48.05 lakh. The company also expanded its branch network by 8.7% to 2,059 branches.

Stock performance of CreditAccess Grameen for Period of 1 week, 6 months and 1 year:

The stock of CreditAccess Grameen Ltd has decreased by 8.29% over the past week. Over the last 6 months, it experienced a 31% decline. In the past year, the stock saw a significant drop of 42.4%.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of CreditAccess Grameen:

All values in %Dec 2024Sep 2024Jun 2024
Promoter66.50%66.50%66.60%
FII9.80%10.80%10.90%
DII14.20%14.90%16.30%
Public9.60%7.80%6.30%

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About CreditAccess Grameen:

CreditAccess Grameen Limited (NSE: CREDITACC) provides microfinance services to women, organized in Joint Liability Groups and Self Help Groups. It also offers additional financial products through its distribution channel, alongside its core micro-credit services.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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