Utkarsh Small Finance Bank Share Price

Microfinance Institutions company Utkarsh Small Finance Bank announced Q4FY26 & FY26 results Standalone Financial Highlights: Total Income (Interest Earned + Other Income): For Q4FY26, total income stood at Rs 95,207.02 lakh, reflecting a growth of 5.58% QoQ from Rs 90,170.77 lakh in Q3FY26, but a decrease of 18.39% YoY compared to Rs 1,16,673.30 lakh in Q4FY25. For the full year FY26, total income was Rs 3,80,974.69 lakh compared to Rs 4,36,476.03 lakh in FY25, a decrease of 12.72%. Net Profit / Loss: The Bank reported a Net Loss of Rs 18,801.56 lakh for Q4FY26. This represents a 49.86% reduction in loss on a QoQ basis compared to a loss of Rs 37,501.76 lakh in Q3FY26. In the corresponding quarter of the previous year (Q4FY25), the Bank had a Net Profit of Rs 296.73 lakh. For the full year FY26, the Bank reported a Net Loss of Rs 1,15,097.84 lakh (approximately Rs 1,151 crore) compared to a Net Profit of Rs 2,370.05 lakh (approximately Rs 24 crore) in FY25. Asset Quality: Gross NPA (GNPA) ratio improved to 7.71% in Q4FY26 from 11.05% in Q3FY26 and 9.43% in Q4FY25. Net NPA (NNPA) ratio improved to 3.29% in Q4FY26 from 4.48% in Q3FY26 and 4.84% in Q4FY25. Capital Adequacy: Capital Adequacy Ratio (CRAR) stood at 17.71% as of March 31, 2026, compared to 20.93% as of March 31, 2025. Tier 1 capital was at 14.98%. Key Ratios: CASA ratio stood at 24.0% as of March 31, 2026, compared to 21.8% as of March 31, 2025. Cost of deposits (CD ratio) was 83.4% as of March 31, 2026, vs. 86.8% as of March 31, 2025. Business Highlights: Disbursements: Total disbursements grew by 46.1% QoQ in Q4FY26. JLG (Joint Liability Group) disbursements grew by 58.2% QoQ, and Non-JLG disbursements grew by 40.6% QoQ. Loan Portfolio: The Gross Loan Portfolio grew by 5.6% QoQ to Rs 19,332 crore. The share of secured lending in the overall portfolio increased to 51% as of March 31, 2026, from 43% as of March 31, 2025. Deposits: Overall deposits grew to Rs 21,654 crore as of March 31, 2026, up 0.4% YoY and 2.7% QoQ. Retail term deposits grew by 19.6% YoY to Rs 12,720 crore, while CASA deposits grew by 10.6% YoY to Rs 5,196 crore. Network Presence: The Bank has a presence across 27 States & UTs through a network of 1,110 branches. Capital Infusion: The Bank successfully raised equity capital aggregating to Rs 950 crore through a rights issue in November 2025 to augment its Tier-1 capital base. Segment-wise Performance (Annual FY26): Retail Banking: Reported segmental revenue of Rs 2,94,825.78 lakh and a segmental loss of Rs 1,46,529.76 lakh. Wholesale Banking: Reported segmental revenue of Rs 28,934.80 lakh and a segmental profit of Rs 2,449.50 lakh. Treasury: Reported segmental revenue of Rs 57,214.11 lakh and a segmental loss of Rs 6,581.10 lakh. Govind Singh, MD & CEO, Utkarsh Small Finance Bank, said: “Q4FY26 was a decisive quarter of strategic recalibration for the Bank, marked by a disciplined shift toward portfolio quality, secured asset expansion, and operational strengthening. The operating environment remained influenced by residual MFI stress; however, the Bank demonstrated steady progress through focused execution and structural interventions aimed at long-term resilience. During the quarter, the Bank continued to prioritise stability over speed, focusing on tighter underwriting, stronger collections and a purposeful rebalancing of the portfolio mix. These actions produced tangible green shoots: disbursements improved across both JLG and non-JLG segments, JLG X-bucket collection efficiency strengthened to 99.7% in the month of March 2026 – the highest in four quarters of FY26, fresh NPA slippages (net of recoveries and upgradations) declined materially to ~Rs 170 crore in Q4FY26 vs. ~Rs 710 crore in Q4FY25, and the GNPA ratio improved by ~330 bps QoQ to 7.7% as of March 2026. These outcomes reflect the combined impact of field execution, targeted collection initiatives and structural interventions implemented throughout the year. A central strategic priority has been structural de-risking of unsecured exposure and a deliberate pivot to secured, higher-yield and lower-risk portfolios. Non-JLG portfolios – comprising MBBL, MSME, Housing, BBG, etc. – registered robust momentum, with the MBBL portfolio growing by 122% YoY. Deposits mobilisation remained a key focus to support calibrated growth. The CASA + RTD ratio strengthened to 83% from 71% a year earlier. Cost of funds declined as repricing took effect, moving down by more than 45 bps YoY in Q4FY26. To further de-risk incremental flows, the Bank registered with CGFMU for credit-guarantee coverage on eligible JLG and MBBL disbursements. Technology investments under the Utkarsh 2.0 transformation delivered automation, digital underwriting and 360-degree monitoring capabilities that are already improving productivity and risk control. The capital position remains satisfactory following a successful Rs 950 crore rights issue in November 2025, which materially strengthened Tier-1 capital. The Bank remains focused on sustaining improved collections, continuing calibrated disbursements into higher-quality segments, deepening secured lending toward a target mix, and accelerating liability mobilisation to support prudent growth. With foundational shifts underway, the Bank is positioning itself for the coming years to deliver diversified growth, healthier underwriting outcomes, and long-term value creation for stakeholders.” Result PDF

• Trendlyne
• 3 weeks ago

Utkarsh Small Finance Bank announced Q3FY26 results Deposits grew by 4.5% YoY to Rs 21,087 crore as on December 31, 2025, led by growth in retail term deposits. Bank’s retail term deposits grew by 23.8% YoY to Rs 12,586 crore & CASA deposits grew by 16.1% YoY to Rs 4,611 crore as on December 31, 2025. CASA deposits ratio increased to 21.9% as on December 31, 2025 from 19.7% as on December 31, 2024. Bank’s CD ratio improved to 79.4% as on December 31, 2025 vs. 91.9% as on December 31, 2024. Bank’s loan Portfolio contracted by 3.9% YoY to Rs 18,306 crore as on December 31, 2025. Gross NPAs declined to 11.0% as on December 31, 2025 vs. 12.4% as on September 30, 2025 (6.2% as on December 31, 2024). Net NPAs declined to 4.5% as on December 31, 2025 vs. 5.0% as on September 30, 2025. Bank’s pre-provision operating loss was at Rs 44 crore in Q3FY26 vs. pre-provision operating profit of Rs 185 crore in Q3FY25. During Q3FY26, the Bank reported net loss of Rs 375 crore vs. Rs 168 crore in Q3FY25. Govind Singh, MD & CEO, Utkarsh Small Finance Bank, said: “Q3FY26 was a decisive quarter of strategic recalibration for the Bank, marked by a disciplined shift toward portfolio quality, secured asset expansion, and operational strengthening. The operating environment remained influenced by regulatory transitions and residual stress; however, the Bank demonstrated steady progress through focused execution and structural interventions aimed at long-term resilience. Secured lending increased to 50% of the gross loan portfolio as of December 31, 2025, compared with 41% a year earlier. This shift is aligned with the strategic intent to transition toward more stable asset classes and reduce cyclicality in credit costs. Non-JLG portfolios – comprising MBBL, MSME, Housing, BBG, etc. – registered strong growth at 28% YoY and 8% QoQ, supported by disciplined underwriting and yield optimization efforts. These trends re-affirm the franchise’s momentum in building a balanced, diversified portfolio beyond traditional JLG lending. On the liabilities side, the Bank recorded 5% YoY growth in deposits, reaching Rs 21,087 crore by December 31, 2025, driven primarily by granular, low cost CASA and retail term deposits. This aligns with the strategic direction emphasized during the quarter – reducing reliance on bulk deposits and improving the CASA + RTD ratio, which strengthened to 82% as of December 31, 2025 from 70% a year earlier. As newly launched branches continue to mature, we expect further margin improvement and enhanced business scalability. In the micro-banking segment, the Bank adopted a cautious posture due to stress indicators emerging in the unsecured JLG portfolio. Tighter underwriting norms, pre-qualified lending to disciplined existing customers, and moderated disbursement levels resulted in a planned contraction of the JLG book during the quarter. While this impacted near-term interest income, these actions are consistent with the Bank’s long-term goal of improving asset quality and reducing volatility in the book. The Bank also achieved operational improvements as JLG X-bucket collection efficiency rose to 99.5% in the month of Dec-25 – the highest in three quarters of FY26 – indicating that the corrective measures implemented earlier in the year are gaining traction. To strengthen field discipline and credit oversight, the Bank continued to split larger micro-banking branches, expanded its JLG & MBBL collection workforce to ~1,300, and rolled out back-to-basics training programs emphasizing centre-meeting quality and onboarding rigor. These structural enhancements have contributed to improved operating stability and early signs of asset-quality moderation, including a ~140 bps QoQ reduction in the GNPA ratio as of Dec-25. Under the Utkarsh 2.0 program, multiple digital and automation sub-projects went live, improving productivity, strengthening underwriting through credit-guardrail controls, and enhancing monitoring through 360-degree parameter mapping. These initiatives, already yielding measurable benefits, support the Bank’s objective of building a more future-ready franchise. Despite legacy stress impacting profitability – with a reported net loss of Rs 375 crore for the quarter – the Bank exited Q3 with a strong capital adequacy ratio of 20.1%, bolstered by the successful Rs 950 crore rights issue completed in November 2025. Liquidity strength also remained robust, reflected in an LCR of 207% and surplus liquidity of nearly Rs 4,700 crore. These indicators underline the Bank’s ability to absorb near-term volatility while continuing to invest in transformation and franchise development. Overall, Q3FY26 demonstrated clear improvements in execution discipline, collection efficiency, secured asset build-up, deposit granularity, and early signs of asset-quality stabilization. As FY26 continues to serve as a transition year, the Bank remains focused on prudent growth, operational agility, and margin discipline. With foundational shifts underway, the Bank is positioning itself for stronger momentum heading into FY27 and FY28, guided by the ambition to deliver diversified growth, healthier underwriting outcomes, and long-term value creation for stakeholders.” Result PDF

• Trendlyne
• 3 months 3 weeks ago

Utkarsh Small Finance Bank announced Q2FY26 results Deposits grew by 10.0% YoY to Rs 21,447 crore as on September 30, 2025, led by growth in retail term deposits. Bank’s retail term deposits grew by 28.8% YoY to Rs 12,257 crore & CASA deposits grew by 17.4% YoY to Rs 4,482 crore as on September 30, 2025. CASA deposits ratio increased to 20.9% as on September 30, 2025 from 19.6% as on September 30, 2024. Bank’s CD ratio improved to 78.8% as on September 30, 2025 vs. 93.0% as on September 30, 2024. Bank’s loan Portfolio contracted by 2.3% YoY to Rs 18,655 crore as on September 30, 2025. Gross NPAs were 12.4% as on September 30, 2025 vs. 11.4% as on June 30, 2025 (3.9% as on September 30, 2024). Net NPAs were 5.0% as on September 30, 2025 vs. 5.0% as on June 30, 2025 (0.9% as on September 30, 2024). Bank’s pre-provision operating profit was at Rs 88 crore in H1FY26 vs Rs 588 crore in H1FY25. During H1FY26, the Bank reported net loss of Rs 588 crore vs. PAT of Rs 189 crore in H1FY25. Bank’s pre-provision operating loss was at Rs 3 crore in Q2FY26 vs preprovision operating profit of Rs 276 crore in Q2FY25. During Q2FY26, the Bank reported net loss of Rs 348 crore vs. PAT of Rs 51 crore in Q2FY25 (Loss of Rs 239 crore in Q1FY26). Govind Singh, MD & CEO, Utkarsh Small Finance Bank, said: “Q2FY26 marked a deliberate shift in the Bank’s growth architecture, rather than chasing quantity, we leaned into quality – prioritizing secured lending, recalibrating risk, and tightening execution. This quarter was about building resilience. Secured loans now comprise 47% of our portfolio as of September 30, 2025, up from 38% a year ago. This shift reflects a strategic pivot toward more stable asset classes. Consequently, our non-JLG loan portfolio sustained strong momentum, growing by 30% YoY & 4% QoQ. Healthy business growth driven by yield optimization efforts in secured products i.e. disbursement yields rising in housing & MSME loans by 40–100 bps compared to Q2FY25. On the liabilities side, our deposit base expanded by 10% YoY to Rs 21,447 crore as on September 30, 2025, led by retail term deposits. As the newly launched branches build maturity and traction, we are working towards margin improvement and overall business scalability in the coming quarters. In the unsecured microbanking segment, we’ve adopted a more cautious stance in response to recent stress indicators. Tighter credit norms and underwriting have moderated originations, resulting in contraction of JLG loan book during the quarter, which has impacted short-term interest income but is aligned with our long-term asset quality goals. Additionally, we continue to split larger micro-banking branches to improve oversight and control. We are also working on back-to-basics programs to train new frontline staff on core processes such as centre meetings and customer onboarding, ensuring a more robust and consistent execution framework. The Bank has expanded our collection workforce (to ~1,200 as of Sep-25). The Bank has already embarked on its Utkarsh 2.0 Technology Transformation Project, with several sub-projects already live and yielding benefits. FY26 remains a year of recalibration. We are focused on operational agility, prudent growth, and margin discipline, with an eye toward building momentum into FY27 and FY28. While the operating environment presents challenges, we are positioning the franchise to navigate them with resilience and adaptability.” Result PDF

• Trendlyne
• 6 months 2 weeks ago