Utkarsh Small Finance Bank Limited has informed the Exchange regarding Board meeting held on May 03, 2025.
UTKARSHBNK · price
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Awaiting price reaction for this filing.
Utkarsh Small Finance Bank's board approved audited financial results for Q4 and FY25 on May 3, 2025, with joint statutory auditors (Deloitte Haskins & Sells and Kirtane & Pandit LLP) issuing an unmodified opinion. Total income grew about 22% YoY to ₹4,36,476 lakhs in FY25 (from ₹3,57,875 lakhs in FY24), driven by strong growth in retail and treasury segments. However, net profit collapsed about 95% YoY to just ₹2,370 lakhs (from ₹49,763 lakhs), hurt by full utilization of floating provisions (₹14,862 lakhs), sharply higher NPA provisioning (₹68,464 lakhs), and a change in accounting policy. Deposits grew 23% to ₹21,56,570 lakhs and advances grew 14% to ₹18,71,648 lakhs. Gross NPA improved marginally to 2.50% and Net NPA stayed at 0.03%, while Capital Adequacy Ratio stood at 20.93%. The board also approved a new accounting policy recognizing loan processing fees as income when due instead of over the loan tenure, and appointed M. M. Nissim & Co LLP and KKC & Associates LLP as new joint statutory auditors for 3 years, subject to RBI approval.
The 95% profit crash may weigh on the stock despite being largely driven by one-time provisioning adjustments and accounting policy change. Strong 22% income growth, stable NPAs, and healthy capital adequacy suggest underlying business momentum remains intact; investors should watch for clarity on provision trajectory and audit committee continuity.