Earnings | CreditAccess Grameen Limited (NSE: CREDITACC): Q4FY23 Results Out; Total Income rises 29% YoY.

CreditAccess Grameen Limited is a registered non-deposit accepting NBFC – Microfinance Institution regulated by the Reserve Bank of India. The company specializes in offering microfinance services to women who are organized into Joint Liability Groups. These services are aimed at empowering women by providing them access to credit for various income-generating activities. In addition to microfinance, CreditAccess Grameen also leverages its distribution network to offer other financial products and services to its members. Through its inclusive approach, the company contributes to financial inclusion and socio-economic development by supporting women entrepreneurs and promoting financial access in India.

• CreditAccess Grameen Limited reported Total Income for Q4 FY23 of ₹1,066 Crore up from ₹824 Crore year on year, a growth of 29%.
• Total Expenses for Q4 FY23 of ₹669 Crore up from ₹606 Crore year on year, a growth of 10%.
• Consolidated Net Profit of ₹296 Crore, up 86% from ₹159 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹18.67, up 85% from ₹10.04 in the same quarter of the previous year.