Sequentially, disbursements surged 48% in Q4 FY23 from Rs 4,847 crore posted in Q3 FY23.

Assets under management (AUM) jumped 27% to Rs 21,032 crore in the quarter ended 31 March 2023 as compared to Rs 16,599 crore recorded in Q4 FY22 and 18% increase from Rs 17,786 crore in Q3 FY23.

Customers during the quarter improved to 43.1 lakh, rising 13% year on year (YoY) and 9% quarter on quarter (QoQ).

The company said it added 5.4 lakh customers in the fourth quarter of FY23, recording a growth of 80% YoY and 74% squentially.

The micro finance institution's branch network enhanced to 1,782 branches in Q4 FY23, up 9% YoY and 3% QoQ.

On full year basis, CreditAccess Grameen's disbursements jumped 20% to Rs 18,539 crore in FY23 from Rs 15,466 crore posted in FY22. AUM grew by 27% YoY to Rs 21,032 crore in FY23.

Bengaluru-based CreditAccess Grameen is a leading Indian microfinance institution, focused on providing micro-loans to women customers predominantly in rural areas across India.

The micro lender's consolidated net profit surged 85.3% to Rs 216.8 crore on 31.9% increase in total income to Rs 909.7 crore in Q3 December 2022 over Q3 December 2021.

Shares of CreditAccess Grameen fell 0.38% to end at Rs 954.30 on Thursday, 6 April 2023.