Shares of CreditAccess Grameen Ltd (CRDE.NS) jumped 8.5% after the microfinance lender reported a quarterly profit, reversing losses from the same period last year. The rally reflects investor confidence in improved asset quality, reduced provisions, and strong revenue growth, positioning the company as a resilient player in India’s financial inclusion sector.
CreditAccess Grameen Ltd, India’s largest microfinance institution, extended its rally on January 21, 2026, with shares climbing 8.5% intraday. The surge followed the company’s Q3FY26 earnings, which showcased a remarkable turnaround from losses a year ago.
The lender posted a consolidated net profit, compared to a loss in the same quarter last year, driven by lower impairment provisions and steady revenue growth. Analysts noted that the results highlight improving fundamentals and renewed investor optimism in the microfinance sector.
Key Highlights
-
Stock Performance: Shares rose 8.5%, outperforming benchmark indices.
-
Financials: Reported quarterly profit versus a loss in the prior year.
-
Revenue Growth: Healthy expansion supported by strong borrower demand.
-
Provisions: Significant reduction in impairment provisions boosted profitability.
-
Investor Sentiment: Multiple brokerages upgraded the stock, citing margin expansion and asset quality stabilization.
-
Sector Impact: Reinforces confidence in microfinance as a driver of financial inclusion in India.
The strong earnings recovery underscores CreditAccess Grameen’s resilience and positions it for sustained growth amid India’s expanding rural credit demand.
Sources: Economic Times, Business Standard, Mint