CreditAccess Grameen shares plunge 18% on reporting Rs 100 cr loss in Q3. What analysts say?

CreditAccess Grameen’s net interest income rose 7.4% YoY in Q3 to Rs 861.7 crore, while assets under management grew 6% to Rs 24,810 crore as of December. The borrower base increased 2.4% to 48 lakh. Provisions for stressed loans surged to Rs 752 crore in Q3, significantly higher than Rs 126 crore in the same period last year.