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 Q2FY24 of ₹1,247.00 Crores up from ₹812.00 Crore year on year, a rise of 53.57%.
Total Expenses for Q2FY24 of ₹778.00 Crores up from ₹585.00 Crores year on year, a rise of 32.99%.
Consolidated Net Profit of ₹349.00 Crores up 99.43% from ₹175.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹21.95, up 95.63% from ₹11.22 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.