Credit Access Grameen shares surge most in nearly one year in a weak market; here is why

Shares of Credit Access Grameen, the country's leading microfinance institution, staged their best single-day gain in nearly one year in an overall weak market after it reported its December quarter earnings. Credit Access Grameen shares advanced as much as 10.86%, the best one day move since January 29, 2025, to hit an intraday high of ₹1,375 on the BSE.

On the National Stock Exchange, Credit Access Grameen shares climbed as much as 10.71% to hit an intraday high of ₹1,375.70 amid higher than usual trading activity.

Credit Access Grameen post market hours on Tuesday reported net profit of ₹252 crore in the third quarter of current financial year compared with a loss of ₹99 crore in the year-ago period.

The company's pre-provision operating profit (PPOP) increased 9.2% annually to ₹680.5 crore and its total income rose 8% to ₹1,491 crore.

The company's assets under management advanced 7% annually to ₹26,566 crore and its disbursements jumped 13% to ₹5,767 crore from ₹5,085 crore.

Global brokerage firm CLSA in a note said that Credit Access Grameen's micro finance asset quality improved sharply in December quarter and new products in retail finance like non-MFI mix could be higher than 15% in FY26.

Global investment bank HSBC said that the third quarter performance came on the back of margin expansion and a sharp decline in provisions. HSBC expects stronger performance in the next financial year and it has raised its earnings per share (EPS) estimates by 7%-13% over FY26-28.

Trading volume in CreditAccess Grameen spiked by 24.4 times to 65.28 lakh shares compared with an average trading volume of 2.67 lakh shares on the NSE.

On the BSE, as many as 5.93 lakh shares changed hands compared with an average of 8,722 shares traded daily in the past two weeks.

"Our third quarter performance reaffirms the strength and stability of our business model. We have witnessed normalisation in the asset quality trends across operating geographies enabling us to re-focus on growth with confidence," said Ganesh Narayanan, Managing Director and Chief Executive Officer of CreditAccess Grameen.

"Monthly PAR 15+ accretion declined sharply to 18 bps in Dec-25 from 47 bps in Sep-25, with Jan-26 continuing to show similar trends. This improvement is broad-based, with Karnataka witnessing a notable recovery as asset quality reverted to historical levels. The 2 implementation of MFIN guardrails has meaningfully strengthened the overall quality of the microfinance ecosystem," Narayanan added.

Credit Access Grameen is a leading microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The company is operating across 450 districts in 16 states.

As of 10:32 am, Credit Access Grameen shares traded 8.86% higher at ₹1,352, outperforming the NIFTY Smallcap 100 index which was down 1%.