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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank (UTKARSHBNK) investor relations material
Utkarsh Small Finance Bank Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary4 Nov, 2026
Executive summary
Q2 PPoP was ₹85 crore versus an operating loss of ₹3 crore a year earlier; NII rose 24% and provisions fell 64%, while net loss narrowed close to 80% YoY.
H1 net loss was ₹10,377.19 lakh versus ₹58,794.52 lakh in H1 FY26; H1 credit costs fell to 2.8% from 9.1%.
Growth remained gradual in H1, with management expecting acceleration in H2 while prioritizing underwriting quality and risk-adjusted returns; FY27 is positioned as a return-to-profitability year.
Secured-asset growth and deposit build-up progressed as expected, while microfinance market disruption continued to weigh on results.
Financial highlights
Q2 total income was ₹100,228.06 lakh; PPoP was ₹8,524.39 lakh, provisions ₹16,588.85 lakh, loss before tax ₹8,064.46 lakh and net loss ₹6,985.22 lakh.
Q2 total interest earned was ₹909 crore, interest expense ₹474 crore and NII ₹435 crore; operating income rose 18% to ₹528 crore.
H1 NII rose 14% to ₹857 crore and operating income 8% to ₹1,069 crore; H1 net loss was ₹10,377.19 lakh.
Sep-26 balance sheet size was ₹29,090 crore, net advances ₹19,302 crore and deposits ₹23,869 crore; each grew 6%, 14% and 7% YoY, respectively.
Deposits grew 7% YoY, CASA 14% and retail term deposits 12%; H1 cost of funds declined 50 bps YoY to 7.4%.
Outlook and guidance
FY27 loan-book growth target is 25%-30%; management expects H2 disbursements and portfolio growth to accelerate from H1 loan growth of 7.5% YoY.
FY28 targets include secured lending at ~55% of the portfolio, NIM of ~8.8% and ROE of 15%; a two-digit ROE exit is expected in FY27.
Cost-to-income ratio is targeted to reach the mid-70s by FY27 exit and 60%-65% as a sustainable range in FY28.
Priorities include growing secured MSME, housing and retail lending, retail deposits and CASA; expanding fee income and digital services; and using analytics for underwriting and collections.
Provisioning is expected to continue on an improving, declining trajectory in H2, with profitability expected to improve in coming quarters.
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Latest events from Utkarsh Small Finance Bank
- A well-capitalized new bank began scaling amid demonetization-driven collection stress.UTKARSHBNK
Q4 16/17 - Profitability and deposits rebounded, while credit quality and controls remain central priorities.UTKARSHBNKQ4 18/19
- Q4 turned profitable as demonetization write-offs overshadowed FY2018 growth.UTKARSHBNKQ4 17/18
- PAT nearly doubled, while COVID provisioning and borrower uncertainty clouded the outlook.UTKARSHBNKQ4 19/20
- Loan and deposit growth held up, but COVID-related provisions sharply reduced FY21 profit.UTKARSHBNKQ4 20/21
- Loan and deposit growth continued, but pandemic-related credit costs cut FY22 PAT 45%.UTKARSHBNKQ4 21/22
- Record FY24 profit and improving asset quality, with FY25 rate and liquidity pressures ahead.UTKARSHBNKQ4 23/24
- Record FY23 profit and improving asset quality, tempered by higher funding-cost risk.UTKARSHBNKQ4 22/23
- Disbursement surged, asset quality improved, and profitability recovery is firmly underway.UTKARSHBNKQ1 26/27
Next Utkarsh Small Finance Bank earnings date
Q3 26/271 Feb, 2027
Utkarsh Small Finance Bank
Next Utkarsh Small Finance Bank earnings date
Q3 26/271 Feb, 2027
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