Ujjivan Small Finance Bank (UJJIVANSFB) Q3 25/26 earnings summary

Executive summary

• Delivered a strong Q3FY26 with record disbursements of ₹8,293 Cr, robust growth in deposits and advances, improved asset quality, and record net interest income, supported by favorable macroeconomic conditions and disciplined execution.

• Gross loan book reached ₹37,057 Cr, up 22% YoY; secured book share rose to 48% from 39% YoY.

• Total deposits grew 22.4% YoY to ₹42,223 Cr; CASA deposits up 33.2% YoY, CASA ratio at 27.3%.

• PAT surged 70.8% YoY and 52.2% QoQ to ₹186 Cr; ROA at 1.5%, ROE at 11.5%.

• Unaudited financial results for the quarter and nine months ended December 31, 2025, were approved by the Board and reviewed by joint statutory auditors, who issued an unmodified conclusion.

Financial highlights

• Net Interest Income (NII) rose 12.8% YoY and 8.5% QoQ to ₹1,000 Cr; NIM at 8.2%.

• Pre-provision operating profit (PPOP) increased 22.5% YoY and 11.3% QoQ to ₹440 Cr.

• Cost to income ratio steady at 66%; operating expenses/average assets at 6.7%.

• Credit cost for Q3FY26 at 0.5% of average GLB; provision coverage ratio at 76%.

• Total income for Q3 FY26 was ₹204,740 lakh, up from ₹176,324 lakh in Q3 FY25.

Outlook and guidance

• FY26 guidance: advances growth ~20%, secured book growth ~35%, CASA ratio ~27%.

• Cost to income expected at ~67%, credit cost at 2.3–2.4% of GLB, ROA 1.2–1.4%, ROE 10–12%.

• FY30 vision targets advances of ₹1 L Cr, secured share 65–70%, NIM 6–7%, ROA 1.8–2.0%, ROE 16–18%.

• Application for a Universal Banking License was submitted to RBI in February 2025, pending approval.

• Impact of new Labour Codes assessed, with incremental provision of ₹1,829 lakh recognized under employee costs.