'CreditAccess Grameen has
posted 14% increase in the net profit to Rs 397.66 crore in the quarter
ended June 2024 (Q1FY2025). The income from operation increased 29% to Rs
1512.03 crore in Q1FY2025. Overall OPM moved up to 81.58% in Q1FY2025 from
80.34% in Q1FY2024, leading to 31% rise in operating profit to Rs 1233.44
crore. The employee expenses increased 20% to Rs 187.79 crore and other expense
moved up 23% to Rs 90.8 crore.
Interest cost jumped 33%
to Rs 510.31 crore. Depreciation increased 19% to Rs 14.35 crore. Further, the
provisions have surged 129% to Rs 174.59 crore in Q1FY2025. PBT rose 14% to Rs
534.74 crore.
An effective tax rate
rose to 25.63% in Q1FY2025 compared to 25.44% in Q1FY2024. Provision for tax
was expense of Rs 137.08 crore in Q1FY2025, compared to Rs 118.91 crore in Q1FY2024.
Profit after tax increased 14% to Rs 397.66 crore.
The book value of the
company as at Rs 437.1, while the adjusted book value (ne...
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