Creditaccess Grameen Q1 Profit Plunges; Revenue and Asset Quality Mixed

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reported a sharp fall in consolidated Q1 net profit to ₹601 million, down from ₹3.98 billion a year ago. Revenue also declined to ₹14.6 billion from ₹15.12 billion YoY. On the asset quality front, GNPA improved slightly to 4.70% from 4.76% QoQ, while NNPA edged up to 1.78% from 1.73%. The results reflect ongoing challenges in profitability despite some improvement in gross asset quality.