01-01-1970 12:00 AM | Source: Accord Fintech
CreditAccess Grameen zooms on reporting 86% rise in Q4 consolidated net profit
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CreditAccess Grameen is currently trading at Rs. 1152.85, up by 65.45 points or 6.02% from its previous closing of Rs. 1087.40 on the BSE.

The scrip opened at Rs. 1129.95 and has touched a high and low of Rs. 1183.00 and Rs. 1123.40 respectively. So far 44302 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1183.00 on 17-May-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. 1183.00 and Rs. 1019.45 respectively. The current market cap of the company is Rs. 18345.75 crore.

The promoters holding in the company stood at 73.68%, while Institutions and Non-Institutions held 21.95% and 4.37% respectively.

CreditAccess Grameen has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 81.98% rise in net profit at Rs 296.55 crore for the quarter under review as compared to Rs 162.96 crore for the same quarter in the previous year. Total income of the company increased by 29.33% at Rs 1,066.22 crore for Q4FY23 as compared to Rs 824.42 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 86.37% rise in its net profit at Rs 296.57 crore for fourth quarter ended March 31, 2023 as compared to Rs 159.13 crore for the same quarter in the previous year. Total income of the company increased by 29.32% at Rs 1,066.24 crore for Q4FY23 as compared to Rs 824.48 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported over 2-fold jump in its net profit at Rs 826.03 crore as compared to Rs 353.08 crore for the previous year. Total income of the company increased by 29.12% at Rs 3,550.76 crore for year under review as compared to Rs 2,750.06 crore for year ended March 31, 2022.