CreditAccess Grameen reports strong Q2 FY26 business momentum, asset quality stabilizes

CreditAccess Grameen Limited experienced a significant surge in disbursements, growing approximately 33% year-over-year in Q2 FY26 to INR 5,331 crore, and 27% year-over-year in H1 FY26. This growth contributed to an increase in the employee base, which rose from 21,333 in June 2025 to 21,701 in September 2025. The company also expanded its network, opening 150 new branches in H1 FY26, with 96 of these added in Q2 FY26, and acquired approximately 4.4 lakh new borrowers in H1 FY26, including 2.2 lakh in Q2 FY26.

Despite this expansion, the company reported stabilizing asset quality. The overall PAR 0+% decreased to 4.7% in September 2025 from 5.9% in June 2025, with PAR 90+% also falling to 2.5% from 3.3% over the same period. The PAR 15+ accretion rate, however, remained range-bound due to temporary impacts from heavy rains and floods across some operating regions, but is expected to improve in the coming months.

GLP (Gross Loan Portfolio) stood at INR 25,904 crore in September 2025, slightly down from INR 26,055 crore in June 2025. This figure includes the impact of INR 683 crore in write-offs during Q2 FY26. Karnataka's PAR 0+% improved from 9.2% to 6.8%, while other key states like Maharashtra and Tamil Nadu also showed improvements in asset quality metrics.