*CreditAccess Grameen Ltd. - C* | *CMP* Rs. 620 | *M Cap* Rs. 9648 Cr | *52 W H/L* 840/541
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
NII came at Rs. 368.9 Cr vs expectation of Rs. 337 Cr, YoY Rs. 324.4 Cr, QoQ Rs. 338 Cr
PBP came at Rs. 218.7 Cr vs expectation of Rs. 244.7 Cr, YoY Rs. 196.9 Cr, QoQ Rs. 216.4 Cr
Provision came at Rs. 139.9 Cr vs expectation of Rs. 136.7 Cr, YoY Rs. 90.2 Cr, QoQ Rs. 187.9 Cr
PAT came at Rs. 59.7 Cr vs expectation of Rs. 63.6 Cr, YoY Rs. 79.6 Cr, QoQ Rs. 20.3 Cr
AUM came at Rs. 13467 Cr vs YoY Rs. 11183 Cr, QoQ Rs. 12664 Cr
Disbursement came at Rs. 1300 Cr vs YoY Rs. 0 Cr, QoQ Rs. 1065 Cr
Gross NPA came at Rs. 1032.9 Cr vs QoQ Rs. 957.4 Cr at 7.67% vs QoQ 7.56%
Co has voluntarily adopted GNPA recognition policy of 60 DPD.
Quarter EPS is Rs. 3.8
Share is trading at P/E of 12.5x FY23E EPS & 2.6x trailing P/BV