Ujjivan Small Finance Bank Limited has informed the Exchange about Transcript
UJJIVANSFB · price
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Ujjivan SFB reported Q1 FY26 results with gross loan book at ₹33,287 crores (11% YoY growth) and disbursements of ₹6,539 crores (24% YoY growth). The bank is actively shifting its portfolio mix, with secured share rising from 31% to 46% YoY, driven by 53% YoY growth in housing (₹8,000 crores), 59% YoY growth in MSME (₹2,253 crores), and strong growth in vehicle, agri, and gold loans. Total deposits grew 19% YoY to ₹38,619 crores with CASA at ₹9,381 crores. NIM declined 56 bps QoQ to around 7.95% — 25 bps from mix change, 17 bps from excess liquidity, and 14 bps from a one-off interest refund. PAT stood at ₹103 crores, ROA at 0.8%, and ROE at 6.7%, with credit cost improving to ₹225 crores from ₹265 crores QoQ. The bank guided FY26 advances growth of ~20%, credit cost of 2.3–2.4%, and ROA of 1.2–1.4%.
Margin pressure is the key takeaway — management explicitly guided NIM to moderate further to 7.8% by Q4 as the secured mix keeps rising, which may weigh on near-term profitability even as asset quality and credit cost normalize in H2 FY26. Shareholders should note the strong loan growth momentum, the 4-year branch expansion plan (400 new branches), and that the Universal Bank license application remains pending with the RBI.