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CreditAccess Grameen shares zoom over 12% on strong Q2 results. Should you buy, sell or hold?
The lender's total income rose by 53% at Rs 1,248 crore, while net interest income rose by nearly 50% at Rs 772 crore. Pre-provision operating profit increased by 68% at 563 crore. The NBFC-MFIs gross loan portfolio grew 36% year-on-year (YoY) to Rs 22,488 crore, while the customer base expanded 21% to 46.03 lakh at the end of September.
