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ACC Q3 Revenue Grows 22% to ₹6,367 Cr; PAT Halves to ₹541 Cr on Higher Costs
ACC Limited reported a strong 22% YoY growth in revenue from operations to ₹6,366.82 crore for Q3 FY26. However, Profit After Tax (PAT) saw a sharp decline of 50.3%, falling to ₹541.40 crore from ₹1,089.07 crore in the previous year's corresponding quarter. This profitability squeeze was driven by a 19% surge in total expenses, particularly in freight, power, and fuel, alongside a significant reduction in other income and government grants. The company also recognized a net exceptional gain of ₹156.85 crore during the quarter.
Key Highlights
Revenue from operations increased 22% YoY to ₹6,366.82 crore, though total income remained flat at ₹6,516.77 crore.
Profit After Tax (PAT) dropped significantly to ₹541.40 crore compared to ₹1,089.07 crore in Q3 FY25.
Total expenses rose to ₹6,078.12 crore from ₹5,109 crore YoY, with freight and forwarding costs up 20.5%.
Exceptional items included a ₹125.41 crore gain from asset sales to a subsidiary and a ₹49.54 crore provision for new Labour Codes.
Management changes announced with Sanjay Kumar Behl appointed as Head of Sales, Marketing, and Logistics effective February 1, 2026.
💼 Action for Investors
Investors should monitor the significant margin compression as rising operational costs are currently offsetting robust top-line growth. The impact of the new Labour Code provisions and the ongoing consolidation within the Adani cement business warrants a cautious 'watch' approach.
CreditAccess Grameen Schedules One-on-One Meeting with Ashmore Investment
CreditAccess Grameen Limited has announced a one-on-one investor meeting with Ashmore Investment scheduled for January 28, 2026. The meeting is set to take place virtually between 3:00 PM and 4:00 PM IST. This disclosure is a routine compliance filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such interactions are standard practice for maintaining investor relations and discussing the company's operational landscape.
Key Highlights
One-on-one meeting scheduled with Ashmore Investment on January 28, 2026
The interaction is conducted via virtual mode from 3:00 PM to 4:00 PM IST
Disclosure made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Meeting confirmation was finalized on the same day as the intimation
💼 Action for Investors
No immediate action is required as this is a routine investor engagement. Investors may look for any subsequent presentation materials or transcripts that the company might release post-meeting.
CreditAccess Grameen Q3 FY26: PAT Doubles QoQ to ₹252 Cr as Asset Quality Normalizes
CreditAccess Grameen reported a strong recovery in Q3 FY26, with PAT doubling sequentially to INR 252 crore and NIM expanding by 60 bps to 13.9%. Asset quality showed significant improvement as monthly PAR 15+ accretion dropped sharply to 18 bps in December from 47 bps in September. The company maintained robust growth with disbursements of INR 5,767 crore and a 13.4% YoY increase in Net Interest Income. Management highlighted the successful implementation of MFIN guardrails, which significantly reduced exposure to highly indebted borrowers.
Key Highlights
PAT doubled QoQ to INR 252 crore, translating to an ROA of 3.5% and ROE of 13.8%.
Asset quality improved significantly with X bucket collection efficiency at 99.71% and PAR 15+ accretion falling to 18 bps in December.
Net Interest Margin (NIM) expanded by 60 bps QoQ to 13.9%, aided by a 26 bps reduction in average cost of borrowings to 9.4%.
Retail finance portfolio share increased to 14.1% of AUM, up from 11.1% in the previous quarter.
Exposure to borrowers with more than 3 lenders dropped to 4.9% in December 2025 from 25.3% in August 2024.
💼 Action for Investors
Investors should note the sharp decline in PAR accretion and the normalization of the Karnataka market as strong indicators of a turnaround. The company's ability to lower borrowing costs and diversify into retail finance provides a positive outlook for long-term profitability.