Q4 FY23 Performance and Business Highlights
Q4 & FY23: P&L Statement
CreditAccess
Grameen
Profit & Loss Statement (INR Cr)
Q4 FY23
Q4 FY22
YoY%
Q3 FY23
QoQ%
FY23
FY22
YOY%
Interest Income
964.8
728.5
32.4%
854.8
12.9%
3,327.1
2,567.3
29.6%
1
- Interest on Loans
950.1
721.1
31.8%
837.6
13.4%
3,277.4
2,533.0
29.4%
- Income from Securitisation
0.1
0.6
0.0
0.1
0.6
- Interest on Deposits with Banks and Fls
14.6
6.8
114.5%
17.2
-14.7%
49.7
33.7
47.3%
Income from Direct Assignment
70.6
58.3
21.1%
25.9
172.6%
119.7
70.0
71.0%
Finance Cost on Borrowings
345.6
267.2
29.4%
314.2
10.0%
1,212.9
984.1
23.3%
Cost on Financial Liability towards Securitisation
0.0
0.0
0.0
0.0
0.2
Net Interest Income
689.8
519.6
32.7%
566.5
21.8%
2,234.0
1,653.1
35.1%
2
Non-interest Income & Other Income
30.8
37.7
-18.2%
29.0
6.3%
104.0
112.8
-7.8%
Total Net Income
720.6
557.3
29.3%
595.5
21.0%
2,337.9
1,765.9
32.4%
Employee Expenses
134.5
112.2
19.8%
127.1
5.8%
515.2
437.6
17.7%
Other Expenses
70.7
63.8
10.9%
76.3
-7.3%
266.4
203.5
30.9%
Depreciation, Amortisation & Impairment
12.5
12.5
0.2%
12.6
-0.9%
49.8
47.2
5.5%
Pre-Provision Operating Profit
502.9
368.8
36.3%
379.5
32.5%
1,506.2
1,077.5
39.8%
Impairment of Financial Instruments
105.3
151.0
-30.3%
89.4
17.8%
401.0
596.7
-32.8%
Profit Before Tax
Total Tax Expense
Profit After Tax
Key Ratios
Portfolio Yield
Cost of Borrowings
NIM
Cost/Income Ratio
397.6
217.8
82.5%
290.0
37.1%
1,105.4
480.8
129.9%
101.0
58.7
72.0%
74.3
36.0%
279.4
127.7
118.7%
296.6
159.1
86.4%
Q4 FY23
Q4 FY22
215.8
Q3 FY23
37.5%
826.1
353.1
134.0%
FY23
FY22
19.7%
18.5%
19.6%
18.9%
18.3%
9.5%
8.9%
9.6%
9.4%
9.3%
12.2%
11.3%
11.9%
11.6%
10.9%
Opex/GLP Ratio
30.2%
4.5%
33.8%
36.3%
35.6%
39.0%
4.8%
5.0%
4.7%
4.9%
1) Interest income (on Stage 3 portfolio) de-recognized was INR 16.3 Cr in Q4 FY23 (vs INR 30.8 Cr in Q4 FY22) and INR 80.9 Cr in FY23 (vs INR 95.1 Cr in FY22)
2) Bad debt recovery was INR 16.8 Cr in Q4 FY23 (vs INR 26.5 Cr in Q4 FY22) and INR 58.1 Cr in FY23 (vs INR 74.1 Cr in FY22)
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