CreditAccess Grameen zooms on turning black in Q3

CreditAccess Grameen is currently trading at Rs. 722.15, up by 66.50 points or 10.14% from its previous closing of Rs. 655.65 on the BSE.

creditaccess grameen rises on getting nod to acquire additional stake in madura micro finance
creditaccess grameen rises on getting nod to acquire additional stake in madura micro finance

The scrip opened at Rs. 675.00 and has touched a high and low of Rs. 786.75 and Rs. 675.00 respectively. So far 39580 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 807.55 on 15-Jun-2021 and a 52 week low of Rs. 495.30 on 01-Dec-2021.

Last one week high and low of the scrip stood at Rs. 674.00 and Rs. 598.85 respectively. The current market cap of the company is Rs. 10516.34 crore.

The promoters holding in the company stood at 73.89%, while Institutions and Non-Institutions held 18.88% and 7.23% respectively.

CreditAccess Grameen has reported net profit at Rs 129.21 crore for third quarter ended December 31, 2021 as compared to net loss of Rs 71.61 crore for the same quarter in the previous year. Total income of the company increased by 31.02% at Rs 576.68 crore for Q3FY22 as compared Rs 440.15 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit at Rs 116.94 crore for third quarter ended December 31, 2021 as compared to net loss of Rs 79.06 crore for the same quarter in the previous year. Total income of the company increased by 27% at Rs 689.69 crore for Q3FY22 as compared Rs 543.03 crore for the corresponding quarter previous year.

Leave a Comment