| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 821.15 | 2.2% | 11.9% |
| Total Income | 901.71 | 3.8% | 13.1% |
| Expenditure | 945.99 | 0.6% | 10.9% |
| PBT | -490.69 | 5.5% | 106.2% |
| Net Profit | -375.02 | 7.6% | 123.2% |
| OPM | -5.39% | 4.99pp | |
| NPM | -41.59% | 4.41pp | 25.40pp |
| EPS | 2.46 | 22.1% | 260.8% |
Utkarsh Small Finance Bank Reports Q3 FY26 Results with Net Loss of 375 Crore, Deposits Growth of 4.5% YoY
02 Feb 2026 · 2 Feb, 5:23 pm
Summary
Utkarsh Small Finance Bank reported a net loss of 375 crore in Q3 FY26. The bank's gross loan portfolio contracted by 3.9% YoY to 18,306 crore. Deposits grew by 4.5% YoY to 21,087 crore, led by retail term deposits (RTD) growth of 23.8% YoY. The bank has a presence in 27 States & UTs, through a network of 1,105 branches.
Key Highlights
- 1
Gross Loan Portfolio contracted by 3.9% YoY to 18,306 crore
- 2
Deposits grew by 4.5% YoY to 21,087 crore, led by Retail Term Deposits (RTD) growth of 23.8% YoY
- 3
Presence across 27 States & UTs, through a network of 1,105 branches
- 4
Net Loss of 375 crore in Q3, FY26
- 5
Share of secured lending grew from 41% as on December 31, 2024 to 50% as on December 31, 2025
- 6
Non-JLG portfolios registered strong growth at 28% YoY and 8% QoQ
- 7
5% YoY growth in deposits, reaching ¥21,087 crore by December 31, 2025
- 8
CASA and retail term deposits drove deposit growth
- 9
JLG X-bucket collection efficiency rose to 99.5% in the month of Dec-25
- 10
~140 bps QoQ reduction in the GNPA ratio as of Dec-25
- 11
Utkarsh 2.0 program initiated multiple digital and automation sub-projects
- 12
Bank exited Q3 with a strong capital adequacy ratio of 20.1%
- 13
Liquidity strength also remained robust, reflected in an LCR of 207% and surplus liquidity of nearly ¥4,700 crore
Management Comments
Mr. Govind Singh
MD & CEO, Utkarsh Small Finance Bank
Q3 FY26 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.
Informational and educational content only. Not investment advice.