Utkarsh Small Finance Bank Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Utkarsh Small Finance Bank reported a massive net loss of Rs 1,15,097.84 lakh for FY2026 compared to a net profit of Rs 2,370.05 lakh in FY2025. Total income declined to Rs 3,80,975 lakh from Rs 4,36,476 lakh, a drop of about 13%. The bank faced significantly higher provisions of Rs 1,56,296 lakh against Rs 97,928 lakh in the previous year. Gross NPA improved from 9.43% to 7.71%, and Net NPA reduced from 4.84% to 3.29%. The bank completed a Rs 94,908 lakh rights issue in November 2025 and raised a deferred tax asset of Rs 35,582 lakh based on future profit projections. Capital Adequacy Ratio stands at 17.71% and the auditor issued an unmodified opinion.
The bank swung from profit to a massive loss due to elevated provisions, raising concerns about asset quality. While NPA ratios improved and capital position remains adequate, the deep loss and negative operating cash flow of Rs 1,11,539 lakh could weigh heavily on investor sentiment. The ongoing amalgamation with Utkarsh CoreInvest and significant stressed loan transfers to ARC add uncertainty.