India · Delayed Price · Currency is INR Utkarsh Small Finance Bank Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw a strategic pivot to secured lending, improved asset quality, and strengthened collections, despite a net loss from legacy stress. The bank targets 25%-30% loan growth, NIM above 8%, and ROE of 15% by FY 2028, with net NPA below 1% expected.
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Q3 FY 2026 saw a net loss of INR 375 crore due to elevated credit costs, but operational discipline improved collection efficiency and asset quality. The bank targets 25%-30% loan growth, 8.5% NIM, and 15% ROE by FY 2028, with a strategic shift toward secured lending and portfolio diversification.
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Q2 FY26 saw a net loss of ₹348 crore due to legacy stress and regulatory changes, but asset quality is stabilizing and secured lending is rising. Deposit growth remains strong, and the bank targets 25% loan book CAGR with improved profitability from Q4 FY26.
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Q1 FY26 saw a net loss of ₹239 crore due to elevated JLG delinquencies and regulatory changes, but non-JLG portfolios grew robustly and deposit traction remained strong. Management expects normalization and improved asset quality from Q3, with a medium-term focus on secured lending and operational efficiency.