CreditAccess Grameen gains after its AUM rises 27% in Q4FY23
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
CreditAccess Grameen is currently trading at Rs. 960.25, up by 5.95 points or 0.62% from its previous closing of Rs. 954.30 on the BSE.
The scrip opened at Rs. 961.05 and has touched a high and low of Rs. 1042.10 and Rs. 960.00 respectively. So far 36648 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1154.35 on 02-Jun-2022 and a 52 week low of Rs. 834.10 on 31-Jan-2023.
Last one week high and low of the scrip stood at Rs. 1042.10 and Rs. 903.20 respectively. The current market cap of the company is Rs. 15267.73 crore.
The promoters holding in the company stood at 73.71%, while Institutions and Non-Institutions held 22.13% and 4.16% respectively.
CreditAccess Grameen’s assets under management (AUM) grew 27% Year-on-Year (YoY) to Rs 21,032 crore for the quarter ended March 2023 (Q4FY23) as compared to Rs 16,599 crore in Q4FY22. Disbursements increased to Rs 7,171 crore from Rs 5,792 crore in Q4FY22, registering a growth of 24%. On a sequential basis, disbursements rose 48% from Rs 4,847 crore in Q3FY23. For the full fiscal 2022-23, disbursements climbed 20% to Rs 18,539 crore from Rs 15,466 crore in FY22.
The number of customers stood at 43.1 lakh in Q4FY23, as against 38.2 lakh in the corresponding period of the previous fiscal, up 13%. The company’s branch count marked higher by 9% to 1,782 from 1,635 in the year-ago period.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.
