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CreditAccess Grameen reports 25% fall in Q1 consolidated net profit
Aug-04-2020

CreditAccess Grameen has reported results for first quarter ended June 30, 2020.

The company has reported 33.63% fall in its net profit of Rs 63.60 crore for the quarter under review as against Rs 95.83 crore for the same quarter in the previous year. However, total income of the company increased 35.57% at Rs 510.68 crore for Q1FY21 as compared Rs 376.70 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 24.87% fall in its net profit attributable to owners at Rs 72.00 crore for the quarter under review as against Rs 95.83 crore for the same quarter in the previous year. However, total income of the company increased by 64.55% at Rs 619.87 crore for Q1FY21 as compared Rs 376.70 crore for the corresponding quarter previous year.

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