CreditAccess Grameen profit jumps 7x to ₹493 Cr in Q1 FY27 as credit costs collapse

CreditAccess Grameen Limited reported a consolidated net profit of ₹493 crore for Q1 FY27, a 7-fold increase over ₹60.2 crore in the same quarter last year.

The turnaround is underpinned by a sharp drop in credit costs, which fell 62.8% YoY to ₹212.5 crore, as ground-level collections stabilised and legacy over-indebtedness cleared from the book.

Assets Under Management grew 16.4% YoY to ₹30,319 crore, while total income rose 21.9% to ₹1,784 crore, indicating the lender is growing its loan book alongside improving repayment behaviour.