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CreditAccess Grameen turns black in Q3

05 Feb 2022 Evaluate

CreditAccess Grameen has reported results for third quarter ended December 31, 2021.

The company has reported net profit at Rs 129.21 crore for the quarter under review as compared to net loss of Rs 71.61 crore for the same quarter in the previous year. Total income of the company increased by 31.02% at Rs 576.68 crore for Q3FY22 as compared Rs 440.15 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit at Rs 116.94 crore for the quarter under review as compared to net loss of Rs 79.06 crore for the same quarter in the previous year. Total income of the company increased by 27% at Rs 689.69 crore for Q3FY22 as compared Rs 543.03 crore for the corresponding quarter previous year.

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