CreditAccess Grameen Limited Reports Quarterly Results, Outlines ₹300 Crore Funding Plans Through NCDs
CreditAccess Grameen Limited announced the approval of its unaudited financial results for the quarter ending June 30, 2026, and detailed plans to raise capital through the issuance of Non-Convertible Debentures (NCDs). The Board meeting held on July 24, 2026, approved key operational metrics alongside proposals to access funds totaling up to ₹2,000 crore through a public issue and an additional ₹1,000 crore via private placement.The company's financial performance for the quarter reflected steady income generation while maintaining strong regulatory compliance in its single-segment domestic lending operations.
Financial Performance Summary (Q ended June 30, 2026)
The unaudited standalone results showed that CreditAccess Grameen Limited generated Total Income of ₹1,784.41 crore, resulting in a profit for the period of ₹493.39 crore.Key metrics for the quarter (in crore):
| Metric | Standalone Result |
|---|---|
| Net Worth | 8,270.20 |
| Total Income | 1,784.41 |
| Profit for the Period | 493.39 |
| Operating Margin | 27.66% |
| Provision Coverage | 65.36% |
On a consolidated basis, the company reported a Net Worth of ₹8,270.21 crore and registered Total Income of ₹1,784.41 crore, leading to a profit for the period of ₹493.39 crore. The financial statements are based on compliance with Indian Accounting Standards (Ind AS) and RBI guidelines.
Future Funding Plans via NCDs
The Board meeting also considered and approved proposals related to capital raising through debt instruments:1. Public Issue: A proposal was put forth for the public issue of Non-Convertible Debentures (NCDs) in the domestic market, with an aggregate limit set at up to ₹2,000 crore.
2. Private Placement: The company approved the issuance of various types of non-convertible securities, including debentures on a private placement basis, up to an aggregate limit of ₹1,000 crore in one or more tranches.
Debt Security and Proceeds Utilization
The company confirmed that its listed Non-Convertible Debentures are secured by an exclusive charge created over the standard receivables (Loans) of CreditAccess Grameen Limited. The total Security Cover stands at 1.11 times the principal and interest on these debentures.In relation to proceeds from recent debt issuance, a statement indicated specific usage across different tranches:
| Date of Fund Raising | Type of Instrument | Mode of Fund | Amount Raised (in Crores) | Funds Utilized as of June 30, 2026 (in Crores) | Deviation/Variation |
|---|---|---|---|---|---|
| June 12, 2026 | Debentures | Private Placement | 100 | 100 | No |
| June 24, 2026 | Debentures | Private Placement | 325 | NIL | NA |
The company noted that the proceeds received on June 24, 2026 were not utilized as of June 30, 2026 and will be deployed for their intended purpose within the stipulated timelines.
CREDITACC Stock Price Movement
Today, Creditaccess Grameen Limited saw its shares rise by 1.0%, finishing the day at ₹1517.60. The stock traded through the session with a volume of 335,461 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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