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CreditAccess Grameen gains despite reporting 25% fall in Q1 consolidated net profit

  • bitnet infotech
  • August 5, 2020
  • 9:22 am

CreditAccess Grameen is currently trading at Rs. 556.20, up by 7.80 points or 1.42% from its previous closing of Rs. 548.40 on the BSE.

The scrip opened at Rs. 551.55 and has touched a high and low of Rs. 566.00 and Rs. 543.30 respectively. So far 8996 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1000.80 on 20-Feb-2020 and a 52 week low of Rs. 305.75 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 566.00 and Rs. 500.00 respectively. The current market cap of the company is Rs. 8022.13 crore.

The promoters holding in the company stood at 79.91%, while Institutions and Non-Institutions held 14.56% and 5.53% respectively.

CreditAccess Grameen has reported 33.63% fall in its net profit of Rs 63.60 crore for the quarter ended June 30, 2020 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 ended June 30, 2020 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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