CreditAccess Grameen Limited is registered as a non-deposit accepting NBFC – Microfinance Institution with the RBI. It is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. It also uses its distribution channel to provide certain other financial products and services to the members.
Financial Results:
CreditAccess Grameen Ltd reported Revenues for Q2FY25 of ₹1,453.00 Crores up from ₹1,247.00 Crore year on year, a rise of 16.52%.
Total Expenses for Q2FY25 of ₹1,202.00 Crores up from ₹781.00 Crores year on year, a rise of 53.91%.
Consolidated Net Profit of ₹186.00 Crores down 46.4% from ₹347.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹11.67, down 46.49% from ₹21.81 in the same quarter of the previous year.
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