Ujjivan Small Finance Bank Ltd
P&L
Quarterly Standalone
vs Q3 FY26
Ujjivan SFB: Q4FY26 Profit Up 238.2% YoY to ₹282 Crore
08 May 2026 · 8 May, 2:39 pm
Summary
Ujjivan Small Finance Bank reported a strong financial performance for Q4 FY26, with profit after tax soaring by 238.2% year-on-year to ₹282 Crore. The bank's Gross Loan Book grew by 26.6% year-on-year to ₹40,655 Crore, supported by a 21.4% increase in deposits to ₹45,668 Crore and highest-ever quarterly disbursements of ₹9,811 Crore. Net Interest Margin improved by 20 basis points to 8.5%, while asset quality strengthened with GNPA and NNPA showing sequential improvement. Management highlighted strong execution and strategic progress, emphasizing the diversification of the loan portfolio and reaffirming commitment to universal banking aspirations despite a recent regulatory setback.
Key Highlights
- 1
Profit for Q4FY26 surged by 238.2% year-on-year to ₹282 Crore.
- 2
The Gross Loan Book (GLB) expanded by 26.6% year-on-year to ₹40,655 Crore, demonstrating robust business growth.
- 3
Deposits reached ₹45,668 Crore, marking a 21.4% year-on-year increase, with the CASA ratio improving consistently throughout FY26 to 28.6%.
- 4
Net Interest Margin (NIM) for Q4FY26 expanded by 20 basis points year-on-year to 8.5%.
- 5
Highest ever quarterly disbursements were recorded at ₹9,811 Crore, up 32.1% year-on-year.
- 6
The secured loan book grew by 43.5% year-on-year to ₹20,079 Crore, increasing its share in the total loan book to 49.4%.
- 7
Asset quality showed improvement with GNPA and NNPA sequentially declining to 2.27% and 0.43% respectively by March 2026.
Management Comments
Sanjeev Nautiyal
The Indian economy continues to exhibit resilience and is projected to grow 6.9% growth in FY27 as per RBI. This is supported by strong domestic fundamentals, government initiatives and interventions, supported by adequate liquidity. The projection faces downside risks from geopolitical tensions, such as the West Asia conflict, oil price volatility, supply chain disruptions and Super El Nino weather phenomenon fuelling inflation. On 13th April, RBI ‘returned’ our application for voluntary transition to Universal bank. Further, RBI has acknowledged ongoing efforts towards diversification of our loan portfolio and we shall re-submit our application once we have further demonstrated a well-diversified loan book. We remain committed to our Universal Banking aspirations. We have further augmented our Board & Management in FY26. Q4FY26 concludes another important year for Ujjivan, marked by strong execution, improving operating performance and continued strategic progress, with the outcomes in line with the guidance at the start of FY26. Deposit grew by 21.4% YoY and 8.2% QoQ to ₹45,668 Crore. Focus on granular deposits led to Mar’26 CASA% at 28.6%. Gross Loan Book (GLB) grew 26.6% YoY & 9.7% QoQ to ₹40,655 Crore, driven by highest-ever quarterly disbursements, at ₹9,811 Crore. Secured portfolio grew to ₹20,079 Crore, up 43.5% YoY in line with our long-term diversification strategy and taking the share to 49.4% of GLB. I am pleased to note that the newer business lines of gold, vehicle and agri loans scaled up and now contribute around 6% of our loan mix, against 3% as of Mar’25. The bank demonstrated robust asset quality with GNPA/NNPA improving to 2.27%/0.43%. PCR improved to 81%, providing adequate buffer. Group and Individual Loan Bucket-X collection efficiency improved to 99.8% for Mar’26. Net Interest Margin (NIM) improved to 8.5%, up 20 bps YoY. This was largely due to reducing CoF, stable yields and optimal liquidity utilization. Cost of funds for Q4FY26 at 7.0% down 63 bps YoY. We reported highest ever NII for the quarter of ₹1,092 Crore, up 26.4% YoY and 9.2% Q-o-Q. Q4FY26 PAT stood at ₹282 Crore, up 238.2% YoY.
Informational and educational content only. Not investment advice.