New Delhi, Oct. 26 -- Creditaccess Grameen Q2 Results Live : Creditaccess Grameen declared its Q2 results on October 25, 2024, revealing a topline growth of 16.87% year-over-year. However, the company faced a significant profit decline of 46.39% compared to the same quarter last year.

In contrast to the previous quarter, the revenue saw a decline of 3.83%, while profit dropped by 53.21%, raising concerns among analysts and investors alike.

The company's Selling, General & Administrative expenses increased by 1.07% quarter-on-quarter and surged by 21.01% year-over-year, indicating rising operational costs.

Operating income also took a hit, falling by 29.86% quarter-on-quarter and decreasing by 17.93% year-over-year, putting further pres...