🌾 CreditAccess Grameen Q3: Returns to Profit, Asset Quality Weakens Slightly

CreditAccess Grameen reported a strong turnaround in Q3, posting a profit of ₹250 crore, compared to a loss of ₹99.5 crore in the same quarter last year. Revenue improved to ₹1,490 crore from ₹1,380 crore. However, asset quality showed mild stress, with Gross Stage 3 assets rising to 4.04% from 3.65% QoQ, while Net Stage 3 increased to 1.36% from 1.26%, reflecting some pressure in the microfinance portfolio. #CreditAccessGrameen #Microfinance #NBFCStocks #Q3Results #StockYardResearch