CreditAccess Grameen Ltd., India's leading microfinance institution, announced its financial results for the December quarter, reporting a total revenue of ₹13.8 billion from operations. Despite the robust revenue, the company faced a consolidated loss of ₹995.2 million, primarily due to increased provisioning costs and challenging market conditions. The management remains optimistic about future growth, focusing on strengthening asset quality and expanding its customer base.
Source: CreditAccess Grameen Ltd. Financial Results