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CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, ‘CA Grameen’), the country’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), today announced its audited financial performance for the fourth quarter and financial year ending 31 March 2023.

Business Highlights: Q4 FY23

GLP grew by 26.7% YoY from INR 16,599 crore to INR 21,031 crore

* Borrower base grew by 11.5% YoY to 42.6 lakh across 1,786 branches Collection Efficiency of 98.2% (excl. arrears) and 98.4% (incl. arrears)

Financial Highlights: Q4 FY23

*  Total income increased by 29.3% YoY from INR 824.5 crore to INR 1,066.2 crore

* Net interest income (NII) increased by 32.7% YoY from INR 519.6 crore to INR 689.8 crore Pre-provision operating profit (PPOP) increased by 36.3% YoY from INR 368.8 crore to INR 502.9 crore

* Impairment of financial instruments declined by 30.3% YoY from INR 151.0 crore to INR 105.3 crore Total ECL provisions were INR 347.8 crore (1.78%) against GNPA (largely @ 60+ dpd) of 1.21%, and PAR 90+ of 0.96%. NNPA further reduced to 0.42% Write-offs were INR 102.1 crore

Profit After Tax (PAT) increased by 86.4% YoY from INR 159.1 crore to INR 296.6 crore

Robust liquidity of INR 1,891.0 crore of cash & cash equivalents, amounting to 8.7% of the total assets

Healthy capital position with a CRAR of 23.6%

Credit Rating: AA-/Stable by ICRA & India Ratings, A+/Positive by CRISIL

Financial Highlights: FY23

* Total income increased by 29.1% YoY from INR 2,750.1 crore to INR 3,550.8 crore NII increased by 35.1% YoY from INR 1,653.1 crore to INR 2,234.0 crore

* PPOP increased by 39.8% YoY from INR 1,077.5 crore to INR 1,506.4 crore PAT increased by 134.0% YoY from INR 353.1 crore to INR 826.1 crore

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