Ujjivan Small Finance Bank (UJJIVANSFB) Q4 24/25 earnings summary

Executive summary

• New leadership team assumed key roles, bringing extensive banking experience.

• Gross loan book reached ₹32,122 Cr, up 8% YoY; secured loan book grew 56% YoY to ₹13,988 Cr, now 44% of total loans.

• Net profit for FY25 was ₹726 Cr, down 43% YoY, impacted by higher credit costs and provisions.

• Successfully navigated a challenging micro banking environment, maintaining strong portfolio quality.

• Applied for voluntary transition to Universal Bank in Feb 2025; amalgamation with Ujjivan Financial Services completed.

Financial highlights

• Q4 disbursements reached an all-time high of ₹7,444 Cr, up 39% QoQ and 11% YoY.

• Total income for FY25 was ₹7,201 Cr, up 11% YoY; Q4 income at ₹1,843 Cr.

• Full year PAT at ₹726 Cr; ROA at 1.6%, ROE at 12.4%.

• Deposit book closed at ₹37,630 Cr, up 9% QoQ and 20% YoY; CASA at 25.5% of deposits.

• Operating profit before provisions for FY25 was ₹1,689 Cr, down 12% YoY.

Outlook and guidance

• Guidance for FY26 will be provided with Q1 FY26 results due to evolving conditions.

• Focus on scaling secured lending, especially housing, MSME, and new product lines (vehicle, gold, agri loans).

• Continued emphasis on digital banking, analytics, and expanding retail deposit base.

• Loan book diversification to continue, led by housing and MSME, with support from micro mortgage, vehicle, agri, and gold loans.

• Implementation of revised RBI investment portfolio norms from April 2024 may affect comparability of investment income.