India · Delayed Price · Currency is INR Ujjivan Small Finance Bank Earnings Call Transcripts
Fiscal Year 2026
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Q3FY26 saw robust growth in deposits and advances, record NII, and improved asset quality, with strong performance across microbanking, housing, and MSME segments. Cost of funds declined, credit costs are normalizing, and the bank remains on track to meet ROA and CASA targets.
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Q2 FY26 saw strong loan and deposit growth, improved NIM, and stable asset quality, with secured loans rising to 47% of the book. Credit costs are expected to decline in H2, and guidance for robust secured book growth and stable margins is maintained.
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Gross loans grew 11% YoY and secured portfolio mix improved, with strong disbursement growth in housing, MSME, and agri segments. Asset quality is stabilizing, with collection efficiency expected to normalize by Q3 and credit costs to decline by Q4.
Fiscal Year 2025
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Q4 saw record disbursements and strong growth in secured lending, with asset quality improving across key segments. The bank maintained robust profitability and capital ratios, while navigating regulatory changes and preparing for universal banking status.
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Secured loan book surged to 39% of total, with strong growth in affordable housing, MSME, and vehicle finance. Asset quality stabilized, credit cost guidance held at 2.3%-2.5%, and digital initiatives advanced. Demand revival and improved collections seen in key states.
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Q2 FY25 saw modest loan growth and strong secured portfolio expansion, but microfinance stress led to higher slippages and elevated credit cost guidance. Retail deposits and CASA grew robustly, while new product launches and regulatory approvals support future income streams.
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Q1 FY25 saw 19% year-over-year loan book growth and 22% deposit growth, with strong digital adoption and a focus on asset quality. Credit costs and NPA levels rose in select states, but guidance for 20% asset growth, 20% ROE, and credit costs below 1.7% is maintained.