Financial Results for the quarter and financial year ended March 31, 2026.
UTKARSHBNK · price
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Utkarsh Small Finance Bank reported a massive net loss of ₹1,15,097.84 lakh for FY2026, a sharp reversal from a net profit of ₹2,370 lakh in FY2025. Total income declined to ₹3,80,975 lakh from ₹4,36,476 lakh, marking a revenue decline of about 13% year-on-year. The bank took very high provisions of ₹1,56,296 lakh during the year, including a write-off of ₹1,08,960 lakh of non-performing advances. Gross NPA reduced to 7.71% from 9.43% but absolute NPA remains high at ₹1,45,990 lakh. The bank completed a Rights Issue raising ₹94,908 lakh (listed November 2025) and recognised a deferred tax asset of ₹35,582 lakh backed by an independent expert opinion. A scheme of amalgamation with promoter entity Utkarsh Corelnvest Limited is in process with NCLT. Auditors issued an unmodified opinion.
The bank swung into heavy losses driven by elevated provisioning and write-offs. While capital adequacy remains comfortable at 17.71% and the rights issue strengthens the balance sheet, the ₹1.15 lakh crore loss and negative operating cash flow signal significant asset quality stress. The stock is likely to face selling pressure given the large net loss and declining revenue.