CreditAccess Grameen Limited

CREDITACC

INE741K01010

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 07:40:47 2024-05-23 am EDT			5-day change	1st Jan Change
1,406 ^INR	-0.16%		-0.92%	-11.91%

May. 09	Nomura Adjusts CreditAccess Grameen’s Price Target to INR1,650 From INR1,625, Keeps at Buy	MT
May. 07	Transcript : CreditAccess Grameen Limited, Q4 2024 Earnings Call, May 07, 2024

CreditAccess Grameen Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024

May 07, 2024 at 08:16 am EDT

CreditAccess Grameen Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported revenue was INR 14,591 million compared to INR 10,662.4 million a year ago. Net income was INR 3,970.8 million compared to INR 2,965.7 million a year ago.

Basic earnings per share from continuing operations was INR 24.93 compared to INR 18.67 a year ago. Diluted earnings per share from continuing operations was INR 24.79 compared to INR 18.59 a year ago.

Latest news about CreditAccess Grameen Limited

Nomura Adjusts CreditAccess Grameen’s Price Target to INR1,650 From INR1,625, Keeps at Buy	May. 09	MT
Transcript : CreditAccess Grameen Limited, Q4 2024 Earnings Call, May 07, 2024	May. 07
CreditAccess Grameen Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	May. 07	CI
Nomura Adjusts CreditAccess Grameen’s Price Target to INR1,625 From INR1,550, Keeps at Buy	Apr. 08	MT
Nomura Adjusts CreditAccess Grameen’s Price Target to INR1,550 From INR1,990, Keeps at Buy	Mar. 14	MT
Advent, Multiples to invest $230 million in Indian non-bank lender Svatantra Microfin	Mar. 04	RE
CreditAccess Grameen Strengthens its Core Banking Solution by Implementing Nagarro's Temenos Solutions	Jan. 31	CI
Transcript : CreditAccess Grameen Limited, Q3 2024 Earnings Call, Jan 19, 2024	Jan. 19
CreditAccess Grameen Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 19	CI
Nomura Adjusts CreditAccess Grameen's Price Target to INR1,990 From INR1,680, Keeps at Buy	Jan. 08	MT
Nomura Adjusts CreditAccess Grameen's Price Target to INR1,680 From INR1,625, Keeps at Buy	23-10-23	MT
CreditAccess Grameen's Consolidated Profit Nearly Doubles in Fiscal Q2; Shares Jump 10%	23-10-23	MT
Transcript : CreditAccess Grameen Limited, Q2 2024 Earnings Call, Oct 20, 2023	23-10-20
CreditAccess Grameen Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	23-10-20	CI
CreditAccess Grameen Limited Updates on Income Tax Demand Notice	23-10-17	CI
Nomura Adjusts CreditAccess Grameen's Price Target to INR1,625 From INR1,600, Keeps at Buy	23-10-09	MT
CreditAccess Grameen Limited Announces Resignation of Narayanan M., Chief Integration Officer	23-09-11	CI
CreditAccess Grameen Raises INR9.9 Billion Via Debenture Issue; Shares Up 3%	23-09-11	MT
Creditaccess Grameen Gets Board Nod to Raise Up To INR10 Billion Via Debenture Issue	23-08-20	MT
Creditaccess Grameen Limited Appoints Ganesh Narayanan as CEO	23-07-25	CI
Nomura Adjusts CreditAccess Grameen’s Price Target to INR1,600 From INR1,350, Keeps at Buy	23-07-24	MT
Creditaccess Grameen Fiscal Q1 Consolidated Net Profit Climbs	23-07-24	MT
Creditaccess Grameen Appoints CEO	23-07-24	MT
Transcript : CreditAccess Grameen Limited, Q1 2024 Earnings Call, Jul 21, 2023	23-07-21
CreditAccess Grameen Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-07-21	CI

Chart CreditAccess Grameen Limited

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Company Profile

CreditAccess Grameen Limited is an India-based microfinance company focused on providing micro-loans to women customers predominantly in rural areas. The Company operates in approximately 353 districts in 14 states and one union territory in India through 1,826 branches. The Company operates in a single business segment that is lending to members. Its microfinance group lending products include income generation loan, home improvement loan, family welfare loan and emergency loan. The Company's microfinance individual lending product is Unnati loan. Its retail finance products include grameen vikas loan, grameen two-wheeler loan, gruha vikas loan and grameen swarna loan. The Company's distributor products include grameen suraksha, life insurance and national pension scheme (NPS) - Swavalamban. It has tied up with various insurance service providers, including HDFC Life and Kotak Life to provide insurance coverage to customers and spouse/co-borrowers (applicable for retail finance).

Sector

Consumer Lending

Calendar

2024-08-01 - Q1 2025 Earnings Release (Projected)

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Ratings for CreditAccess Grameen Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,409 INR

Average target price

1,815 INR

Spread / Average Target

+28.81%

Consensus

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Quarterly earnings - Rate of surprise

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Sector Microfinancing

	1st Jan change	Capi.
CREDITACCESS GRAMEEN LIMITED	-11.91%	2.7B
SBFC FINANCE LIMITED	-7.38%	1.07B
SPANDANA SPHOORTY FINANCIAL LIMITED	-29.71%	679M
FUSION MICRO FINANCE LIMITED	-17.56%	574M
MUTHOOT MICROFIN LIMITED	-11.11%	459M
SATIN CREDITCARE NETWORK LIMITED	-5.10%	303M
LETSHEGO HOLDINGS (NAMIBIA) LIMITED	+15.35%	124M
ASA INTERNATIONAL GROUP PLC	+6.12%	83.68M

Microfinancing