Ujjivan Small Finance Bank (UJJIVANSFB) Q4 25/26 earnings summary

Executive summary

• Gross loan book grew 27% YoY to ₹40,655 Cr as of March 2026, with secured advances up 44% YoY and now comprising 49% of the book.

• Total deposits increased 21% YoY to ₹45,668 Cr, with CASA ratio improving to 28.6%.

• Retail deposits exceeded INR 30,000 crore, and savings accounts crossed INR 10,000 crore.

• Profitability surged: Q4FY26 PAT rose 238% YoY to ₹282 Cr, with ROA at 2.1% and ROE at 17.2%.

• Received RBI feedback on universal bank application; will reapply after further portfolio diversification.

Financial highlights

• Net Interest Income for Q4FY26 was ₹1,092 Cr, up 26% YoY; NIM expanded to 8.5%.

• Total deposits at INR 45,668 crore, up 21.4% YoY and 8.2% QoQ; CASA ratio improved to 28.6%.

• Gross loan book at INR 40,655 crore, up 26.6% YoY and 9.7% QoQ; secured portfolio at INR 20,079 crore, up 43.5% YoY.

• Q4 disbursements reached a record INR 9,811 crore, up 32.1% YoY.

• Net profit for FY26 at INR 693 crore; Q4 PAT at INR 282 crore.

• Operating profit before provisions for Q4 FY26 was ₹51,460 lakh, up from ₹35,976 lakh in Q4 FY25.

Outlook and guidance

• FY27 guidance: advances growth of 25%, credit cost of 1.4–1.5% of average GLB, and RoA of 1.6%.

• NIM expected to remain stable at 8.4%-8.5%.

• Secured portfolio targeted to reach above 56% by March 2027.

• Planned branch expansion of about 20% in FY27.

• Board approved equity capital raise up to INR 2,000 crore in H2 FY27.