Creditaccess Grameen Ltd. · NSE:CREDITACC
Creditaccess Grameen — Q1 FY26 Earnings Presentation
43 slides from Creditaccess Grameen's earnings presentation, July 2025
Slide 1: CreditAccess Grameen Limited Q1 FY26 Investor Presentation
CreditAccess Grameen Limited Q1 FY26 Investor Presentation July 2025 www.creditaccessgrameen.in
Slide 2: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price-sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by CreditAccess Grameen
Slide 3: Discussion Summary
Discussion Summary ii Key Business Highlights Asset Quality & Business Overview Financial Results Overview Liability Strategy Investment Rationale 3 www.creditaccessgrameen.in
Slide 4: Q1 FY26: Key Business Highlights
Q1 FY26: Key Business Highlights Key Operational Metrics Q1 FY26 YoY% QoQ% Strong business momentum GLP (INR Cr) 26,055 -0.9%/ 1.3%* +0.4%/ 2.7%* ✓ Q1 FY26 sets a new benchmark with highest first quarter disbursements Borrowers (Lakh) 45.62 -8.5%/ -5.3%* -2.8%/ 0.6%* ✓ 2.16 Lakh new borrowers added,
Slide 5: Discussion Summary
Discussion Summary ii Key Business Highlights Asset Quality & Business Overview Financial Results Overview Liability Strategy Investment Rationale 5 www.creditaccessgrameen.in
Slide 6: Gradual Stabilization In PAR Accretion Across All States
Gradual Stabilization In PAR Accretion Across All States Stabilizing Monthly PAR 15+ Accretion/AUM Rate Increasing Share of Credit Cost Towards Balance Sheet Normalization All States All States (Excl. Karnataka) Credit Cost - Breakup (INR Cr) Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 1.45% 1.49% 1.14% 1.06% 0
Slide 7: Sustained Reversal In PAR Accretion Rate (1/2)
Sustained Reversal In PAR Accretion Rate (1/2) Karnataka – Monthly PAR 15+ Accretion/AUM Rate Maharashtra – Monthly PAR 15+ Accretion/AUM Rate 2.02% 0.94% 1.90% 0.84% 0.86% 1.48% 0.67% 1.01% 1.17% 0.68% 0.72% 0.72% 0.42% 0.43% 0.58% 0.37% 0.42% 0.32% 0.34% 0.34% 0.16% 0.27% Jun-24 Sep-24 Oct-24 Nov-
Slide 8: Sustained Reversal In PAR Accretion Rate (2/2)
Sustained Reversal In PAR Accretion Rate (2/2) Madhya Pradesh – Monthly PAR 15+ Accretion/AUM Rate 1.06% 1.10% 0.86% 0.62% 0.49% 0.52% 0.41% 0.41% 0.39% 0.39% 0.37% Jun-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Bihar & UP – Monthly PAR 15+ Accretion/AUM Rate Other Stat
Slide 9: Continued Customer Addition & High Retention Rates
Continued Customer Addition & High Retention Rates Continued Borrower Addition High Borrower Vintage Borrowers (‘000) Q1 FY26 55% 20% 26% 776 465 733 Q4 FY25 55% 21% 25% Q3 FY25 57% 21% 23% 4,984 4,562 Q2 FY25 58% 21% 21% Q1 FY25 58% 24% 18% Q1 FY25 Addition Write-off Attrition Q1 FY26 < 3 years 3-6
Slide 10: Continued Borrower Deleveraging
Continued Borrower Deleveraging GLP % - Jun-25 Borrower Vintage with CA Grameen GLP % - Jun-25 Borrower Vintage with CA Grameen Key Highlights: 0-2 2-4 4-6 >6 Total Unsecured 0-2 2-4 4-6 >6 Jun-25 / Mar-25 / Aug-24 Lender Overlap Total % Total % years years years years Indebtedness (INR) Years years
Slide 11: Delinquencies Due To Tighter Underwriting Largely Crystalized
Delinquencies Due To Tighter Underwriting Largely Crystalized PAR 15+ Jun-25 Borrower Vintage with CA Grameen Key Highlights: Jun-25 / Mar-25 / Sep-24 0-2 2-4 4-6 >6 Lender Overlap Total % years years Years years Unique 2.7% 3.0% 3.3% 3.2% 3.0% CA Grameen + 1 4.2% 4.6% 5.0% 5.2% 4.8% Unique Borrower
Slide 12: Sustained PAR Reduction Across All Operating Geographies
Sustained PAR Reduction Across All Operating Geographies Mar-25 Jun-25 PAR Trend Top 5 States % GLP PAR 0+ PAR 90+ PAR 0+ PAR 90+ 6.8% 6.9% 5.9% Karnataka 31.1% 8.7% 2.4% 9.2% 5.1% 4.9% 5.5% 5.1% Maharashtra 21.4% 3.3% 2.1% 2.7% 1.2% 4.9% 3.3% 3.8% 4.3% 4.1% Tamil Nadu 18.6% 8.1% 4.5% 5.8% 3.4% 2.5%
Slide 13: Early Risk Recognition & Conservative Provisioning
Early Risk Recognition & Conservative Provisioning Q1 FY26 (INR Cr) Consolidated Credit Cost (INR Cr) Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Asset Classification (dpd) EAD EAD% ECL% Opening ECL - (A) 583.6 868.7 1,244.0 1,308.6 Stage 1 0 – 15 (GL), 0 – 30 (RF) 24,214.7 94.2% 1.1% Additions (B) - Provisions
Slide 14: FY26 Guidance Factoring The Potential Opportunities & Challenges
FY26 Guidance Factoring The Potential Opportunities & Challenges Key Indicators FY26 Guidance Remarks • Group Lending growth of 8.0% - 12.0%, partially offset by potential loan write-offs during H1 FY26 GLP Growth % 14.0% - 18.0% • Strong growth in Retail Finance NIM % 12.6% - 12.8% • Range bound NI
Slide 15: Discussion Summary
Discussion Summary Key Business Highlights Asset Quality & Business Overview Financial Results Overview Liability Strategy Investment Rationale 15 www.creditaccessgrameen.in
Slide 16: Q1 FY26: Key Performance Highlights
Q1 FY26: Key Performance Highlights Cost/Income NIM Ratio GLP Disbursements 12.8% PPOP 33.5% INR 26,055 Cr INR 5,458 Cr INR 653 Cr (-0.9% YoY) (21.9% YoY) Wgtd. Avg. COB (-7.9% YoY) Opex/GLP Ratio 9.7% 5.1% ROA CRAR Total Total Equity GNPA*: 4.70% PAT 0.9% 25.5% INR 7,022 Cr INR 60 Cr NNPA*: 1.78% (
Slide 17: Q1 FY26: P&L Statement
Q1 FY26: P&L Statement Profit & Loss Statement (INR Cr) Q1 FY26 Q1 FY25 YoY% Q4 FY25 QoQ% FY25 Interest Income 1,388.1 1,437.2 -3.4% 1,354.2 2.5% 5,546.8 - Interest on Loans 1 1,368.1 1,411.5 -3.1% 1,323.1 3.4% 5,437.6 - Interest on Deposits with Banks and FIs 20.0 25.6 -21.8% 31.1 -35.7% 109.2 Inco
Slide 18: Q1 FY26: Balance Sheet
Q1 FY26: Balance Sheet Balance Sheet (INR Cr) Q1 FY26 Q1 FY25 YoY% Q4 FY25 QoQ% FY25 Cash & Other Bank Balances 1,195.1 887.7 34.6% 1,443.0 -17.2% 1,443.0 Investments 829.4 1,206.9 -31.3% 893.0 -7.1% 893.0 Loans - (Net of Impairment Loss Allowance) 24,311.5 24,646.9 -1.4% 24,274.4 0.2% 24,274.4 Prop
Slide 19: Continued Business Traction with Rural Focus
Continued Business Traction with Rural Focus Gross Loan Portfolio (INR Cr) Borrowers (‘000) -0.9% -8.5% 26,304 25,948 26,055 4,984 4,933 4,805 4,694 4,562 25,133 24,810 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 19 www.creditaccessgrameen.in
Slide 20: Consistent Growth in Infrastructure
Consistent Growth in Infrastructure Branches 7.0% 2,031 2,059 2,063 2,114 1,976 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Employees Loan Officers 8.5% 6.8% 20,970 21,333 19,659 19,562 19,333 14,117 14,326 13,411 13,379 12,862 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 F
Slide 21: Robust Quarterly Performance Trend (1/3)
Robust Quarterly Performance Trend (1/3) Disbursements (INR Cr) Total Income (INR Cr) 21.9% 1,513 1,454 1,464 6,472 5,085 5,458 4,476 1,408 4,004 1,382 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Margin Analysis (%) Operating Efficiency (%) 5.1% 21.0% 21.1% 20.2%
Slide 22: Robust Quarterly Performance Trend (2/3)
Robust Quarterly Performance Trend (2/3) Asset Quality (%) Total Income, NII, PPOP, PAT (INR Cr) 1,513 1,454 1,382 1,408 1,464 5.07% 5.07% 4.70% 3.53% 4.76% 953 932 862 876 937 3.99% 4.62% 709 672 623 634 653 2.29% 2.44% 3.29% 3.28% 2.64% 60 1.46% 398 1.74% 186 1.13% -99.5 47 Q1 FY25 Q2 FY25 Q3 FY25
Slide 23: Robust Quarterly Performance Trend (3/3)
Robust Quarterly Performance Trend (3/3) GLP / Branch (INR Cr) GLP / Loan Officer (INR Cr) 2.0 13.3 1.9 1.9 12.4 12.6 12.3 1.8 1.8 12.0 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Borrowers / Branch Borrowers / Loan Officer 2,522 2,429 372 369 374 2,334 2,275 332
Slide 24: Product Range To Meet Diverse Customer Needs
Product Range To Meet Diverse Customer Needs GLP - Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Product Mix (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total (INR Cr) % of Total IGL 24,076 92% 22,731 90% 22,227 89% 23,237 90% 23,114 89% Family Welfare 221 1% 211 1% 141 1% 71
Slide 25: Our Network & Presence
Our Network & Presence Our Presence as on Jun-25 Uttar Pradesh 16 States & 1 UT 114 Branch Network Q1 FY26 % Share Q1 FY25 % Share 433 Districts Karnataka 371 17.5% 343 17.4% Bihar Maharashtra 318 15.0% 300 15.2% 2,114 Branches 158 Tamil Nadu 386 18.3% 387 19.6% West Bengal Madhya Pradesh 169 8.0% 1
Slide 26: Discussion Summary
Discussion Summary Key Business Highlights Asset Quality & Business Overview Financial Results Overview Liability Strategy Investment Rationale 26 www.creditaccessgrameen.in
Slide 27: Progressing Well on Liability Strategy
Progressing Well on Liability Strategy Diversified Liability Mix - Institution / Instrument Wise (%) Focus on dynamic liability management • Focus on long-term funding with strong diversification between domestic NBFCs - TL FIs - TL & foreign sources 2.2% 8.8% • Target to meet funding requirements t
Slide 28: Stable Liquidity/ ALM Position/ Credit Ratings / ESG Ratings
Stable Liquidity/ ALM Position/ Credit Ratings / ESG Ratings Static Liquidity / ALM Position For the Month For the Financial Year Debt Diversification (INR Cr) Q1 FY26 FY26 Particulars (INR Cr) Jul-25 Aug-25 Sep-25 FY27 Total Drawdowns 2,570 (Oct-25 to Mar-26) Opening Cash & Equivalents (A) 1,975.2
Slide 29: Discussion Summary
Discussion Summary Key Business Highlights Asset Quality & Business Overview Financial Results Overview Liability Strategy Investment Rationale 29 www.creditaccessgrameen.in
Slide 30: Past Five Years Performance Track Record (1/2)
Past Five Years Performance Track Record (1/2) Gross Loan Portfolio (GLP) (INR Cr) Disbursements (INR Cr) Borrowers (‘000) CAGR CAGR CAGR 5% 18% 16% 23,134 4,918 4,694 26,714 25,948 20,037 4,264 18,539 3,912 3,824 21,031 15,466 16,599 13,587 11,011 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 F
Slide 31: Past Five Years Performance Track Record (2/2)
Past Five Years Performance Track Record (2/2) Note: Refer Annexure for definition of key ratios Margin Analysis (%) Operating Efficiency (%) Asset Quality (%) 20.9% 20.6% 5.01% 5.07% 18.8% 18.3% 18.9% 4.8% 4.9% 4.7% 4.5% 4.5% 3.61% 13.0% 12.9% 1.78% 1.95% 11.6% 4.43% 4.76% 10.7% 10.9% 38.1% 39.0% 3
Slide 32: Past Eight Years Cross Cycle Performance
Past Eight Years Cross Cycle Performance Cross-Cycle ROA (%) Cross-Cycle ROE (%) FY18 FY19 FY21 FY22 FY25 UP Farm Floods, NBFC Covid Covid Multiple Loan Waiver Crisis Wave 1 Wave 2 Headwinds 5.6% 5.1% 24.9% 5.0% 22.2% 4.2% 3.6% Avg: 3.6% 18.0% 16.3% Avg: 14.4% 12.9% 2.2% 1.9% 9.0% 7.7% 0.9% 4.0% FY1
Slide 33: Proven Leadership Team with Demonstrated Track Record
Proven Leadership Team with Demonstrated Track Record (16 years) (6 years) (5 years) (5 years) (6 years) (3 years) (6 years) (26 years) (23 years) (20 years) (23 years) (25 years) (21 years) (3 years) (2 years) (6 years) • Highly stable senior management enabling cultural and process consistency for
Slide 34: Committed to Basics Through Classical JLG Lending Model
Committed to Basics Through Classical JLG Lending Model Microfinance loans are unsecured. JLG mechanism acts as security/ loan collateral Fully aligned with new harmonized guidelines in terms of - JLG Benefits: ✓ Formulation of Board approved policies ✓ Strong group bonding ✓ Process modifications ✓
Slide 35: Focus on Customer Centricity, Loyalty & Retention
Focus on Customer Centricity, Loyalty & Retention “One of the Lowest Cost Organised Financer” - One Stop Shop providing Support to Various Lifecycle Needs of the Customer One of the lowest lending rates in MFI industry Loan Customer Centric Ticket Size Tenure Purpose Type Products (INR) (months) Div
Slide 36: Calibrated Expansion Through Contiguous District-Based Approach
Calibrated Expansion Through Contiguous District-Based Approach Systematic geography selection based on the availability of infrastructure, competition, historical performance trend, social/ economic/ political/ climate risk, growth potential Ensures consistent replication of processes/ controls Fam
Slide 37: Unique Human Capital, Internal Audit & Risk Management
Unique Human Capital, Internal Audit & Risk Management Well-Established Operational Structure Multi-Pronged Approach For Risk Management Sound Understanding of Rural Market Internal Audit (IA): 412 – team members Business Heads • IA frequency – minimum 8 times in a year at branches, 4 times at RO, •
Slide 38: Strong Internal Control Structure: Three Lines Of Defence
Strong Internal Control Structure: Three Lines Of Defence 3rd line of defence: Internal Audit team 2nd line of defence: Risk team 1st line of defence: Field & Quality Control teams Zonal Manager / State Head Zonal Manager handles 100 – 120 branches Regional / Divisional Regional Manager handles 40-5
Slide 39: Continuous Technology Enhancement to Drive Operational Efficiency
Continuous Technology Enhancement to Drive Operational Efficiency Ensures Quick And Seamless Delivery of Need Based Financial Products and Services backed by Robust Technology Infrastructure High touch-high tech delivery model: Future Upgrades & Investments • Digitised all customer touchpoints • Inv
Slide 40: Integrating Risk Management in Every Operating Process
Integrating Risk Management in Every Operating Process Microfinance is a Collection Business, hence Risk Management is Integral to Core Strategy and Operating Processes Contiguous Customer Employee Target Customer Customer Lending Employee District-based Engagement Incentive Segment Due-Diligence Mo
Slide 41: Strong Parentage & Shareholder Base
Strong Parentage & Shareholder Base Shareholding Pattern (%) – June 2025 Others, 8.68 MF, AIF, Insurance, 12.76 Promoter Group, 66.43 FPI, 12.13 Committed to Strong Financial Support Micro Finance Business via Patient Capital • Invested through multiple rounds of • CreditAccess India B.V. (CAI) capi
Slide 42: Key Ratios: Definitions
Key Ratios: Definitions 1. Portfolio Yield = (Interest on loans – processing fees + Income from securitisation)/ Avg. quarterly on-book loans 2. Weighted Avg. COB = (Borrowing cost – finance lease charges) / Daily average borrowings (excl. Financial Liability towards Portfolio Securitized) 3. Margin
Slide 43: Thank You!
For Further Queries: Thank You! Nilesh Dalvi Chief Financial Officer Contact No – 9819289131 Email Id – nilesh.dalvi@cagrameen.in Sahib Sharma DGM – Investor Relations Contact No – 7066559383 Email Id – sahib.sharma@cagrameen.in 43 www.creditaccessgrameen.in www.creditaccessgrameen.in 43