| Revenue growth | Loan book +7.5% YoY, +2.3% QoQ; H1 disbursements +52% YoY. |
|---|---|
| Margins | NIM ~6.3% (analyst-cited); cost of funds down 50bps YoY to 7.4%. |
| Demand visibility | Recovery 'green shoots'; disbursements rising; August slowdown from CBS launch. |
| Management confidence | Over-optimistic; repeated add-back reconciliations defend provisioning optics. |
Growth
Loan book +7.5% YoY, +2.3% QoQ; deposits +7% YoY; H1 disbursements +52%, with JLG only +2%.
Outlook
Guides 25-30% loan book growth FY27; NIM ~8%; ROE 15% FY28; cost-to-income 60-65% FY28.
Risks
Slippages rose QoQ to ₹239 Cr; CGFMU cover ends March with premium unpaid; Maharashtra collections dipped to 98.8%.
Last quarter's promises, checked
Delivered
- Incremental PPOP growth → ₹64 Cr to ₹85 Cr (= BEAT)
- ₹195 Cr 12.5% tranche early redemption by mid-Aug → redeemed early (= BEAT)
- COF 7.7% with repricing → 7.4% (= BEAT)
Partly delivered
- Tier-2 NCD ₹500 Cr → ₹300 Cr raised (= PARTIAL)
- CGFMU ~80% cover sustained → window closed pending govt approval (= PARTIAL)
Missed
- Loan book growth 25-30% YoY FY27 → +7.5% YoY (= MISS)
- NIM ~8% → ~6.3% analyst-cited (= MISS)
- Path to profitability, Q1 loss ₹34 Cr → Q2 loss ₹70 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: UTKARSHBNK. Summary written with AI assistance from the document.
Utkarsh Small Finance Bank Ltd: key numbers
- Share price
- ₹11.73
- Market cap
- ₹2,087 Cr
- Revenue (annual)
- ₹3,379 Cr
- Net profit (annual)
- ₹-1,151 Cr
- P/E (TTM)
- -3.1×Sector 20.6×
- Promoter holding
- 42.67%+0.00% QoQ
- FII holding
- 10.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Utkarsh Small Finance Bank Ltd
All →Utkarsh Small Finance Bank Results Update
Utkarsh Small Finance Bank issued a press release on unaudited Q2 FY27 results. Net loss narrowed to ₹70 crore from ₹348 crore a year earlier.
Utkarsh Small Finance Bank Q2 FY27 Results: Net Loss of ₹69.9 Cr, Loss Narrows
Utkarsh Small Finance Bank Ltd reported revenue from operations of ₹909.3 Cr (+8.2% YoY) and a net loss of ₹69.9 Cr for Q2 FY27.
- Key figure
- Net loss ₹69.9 Cr
Utkarsh Small Finance Bank Board Meeting Date
Utkarsh Small Finance Bank gave intimation of a board meeting on November 3, 2026 to consider Q2 and H1 unaudited results. The trading window reopens November 6, 2026.
Utkarsh Small Finance Bank Other Announcement
Utkarsh Small Finance Bank submitted its quarterly shareholding pattern for the quarter ended September 30, 2026, as per SEBI regulations.
Utkarsh Small Finance Bank Debt & Borrowing: ₹605 Cr
Utkarsh Small Finance Bank filed its half-yearly statement of outstanding Non-Convertible Debt Securities as required by the SEBI circular dated May 22, 2024.
- Value
- ₹605.0 Cr
Utkarsh Small Finance Bank Business Update
Utkarsh Small Finance Bank reported provisional Q2 FY27 business metrics, including total disbursements of ₹3,525 Crore and a gross loan portfolio of ₹20,063 Crore.