India's CreditAccess Grameen climbs to 30-month high on an eight-fold jump in Q1 profit

CreditAccess Grameen

27/07/2026 08:56

** Microfinance company CreditAccess Grameen's shares CRDE.NS rises as much as 6.35% to 1,614 rupees apiece, their highest in two and a half years since Feb. 14, 2024
** CRDE posts an eight-fold jump in the June quarter profit to 4.93 billion Indian rupees
** Investec reiterates "buy" and raises price target to 1,800 rupees from 1,725 rupees, saying margins and credit costs in Q1 is better-than-estimates while growth remains in-line
** CRDE's valuations are attractive, says Investec, terming it the best play for the microfinance industry upcyle
** CLSA calls the Q1 performance "all-round strong quarter", maintains "outperform", citing improvement in growth, margins and asset quality
** "With the clean-up the past few quarters, delinquency formation has now come below normal levels," says CLSA, lifting price target to 1,900 rupees from 1,750 rupees
** Average rating of 16 analysts tracking CRDE is a "buy"; median price target is 1,750 rupees, according to data compiled by LSEG
** CRDE shares are up 25% in 2026 so far, exchange data shows
     

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))