CreditAccess Grameen Q1FY21; consolidated profit declines by ~22% yoy
The company recorded a consolidated profit of ~Rs74cr in Q1FY21.
Aug 01, 2020 12:08 IST India Infoline News Service

EBITDA stood at Rs342.61cr in Q1FY21 which rose by 24.62% yoy. For Q1FY20, it had posted EBITDA of Rs274.92cr. EBITDA margin as of Q1FY21 was at 55.32% which declined by 17.68% yoy against the same quarter, the previous year. The total COVID-19 additional provisioning buffer was Rs245.6 crore at the end of Q1FY21 (2.17% of loan portfolio).
The consolidated net profit in Q1FY21 came in at Rs74.62cr which declined by 22.13%, as compared to Q1FY20, when it had reported Rs95.83cr. The net profit margin in Q1FY21 came in at 12.05% which declined by 13.40% yoy. The net profit margin for Q1FY20 was at 25.45%. On asset quality front, at the end of Q1FY21, company reported gross NPA of 1.62% while net NPA was 0.00%.
On Friday, the stock closed at Rs515 with loss of 1.69% on BSE.
Particulars | Q1FY21 (Rs in cr) | Q1FY20 (Rs in cr) | % VAR |
Net Revenue | 619.29 | 376.60 | 64.44 |
Operating Profit | 342.61 | 274.92 | 24.62 |
Net Profit | 74.62 | 95.83 | -22.13 |
EBITDAM% | 55.32 | 73 | -17.68 |
PATM% | 12.05 | 25.45 | -13.40 |