Ujjivan Small Finance Bank ltd. [BSE: 542904; NSE: UJJIVANSFB], announced its financial performance for the quarter ended March, 2026.
Ujjivan Small Finance Bank MD & CEO Sanjeev Nautiyal, said “The Indian economy continues to exhibit resilience and is projected to grow 6.9% growth in FY27 as per RBI. This is supported by strong domestic fundamentals, government initiatives and interventions, supported by adequate liquidity. The projection faces downside risks from geopolitical tensions, such as the West Asia conflict, oil price volatility, supply chain disruptions and Super El Nino weather phenomenon fuelling inflation.
On 13th April, RBI ‘returned’ our application for voluntary transition to Universal bank. Further, RBI has acknowledged ongoing efforts towards diversification of our loan portfolio and we shall re-submit our application once we have further demonstrated a well-diversified loan book. We remain committed to our Universal Banking aspirations. We have further augmented our Board & Management in FY26.
Q4FY26 concludes another important year for Ujjivan, marked by strong execution, improving operating performance and continued strategic progress, with the outcomes in line with the guidance at the start of FY26. Deposit grew by 21.4% YoY and 8.2% QoQ to ₹45,668 Crore. Focus on granular deposits led to Mar’26 CASA% at 28.6%.
Gross Loan Book (GLB) grew 26.6% YoY & 9.7% QoQ to ₹40,655 Crore, driven by highest-ever quarterly disbursements, at ₹9,811 Crore. Secured portfolio grew to ₹20,079 Crore, up 43.5% YoY in line with our long-term diversification strategy and taking the share to 49.4% of GLB. I am pleased to note that the newer business lines of gold, vehicle and agri loans scaled up and now contribute around 6% of our loan mix, against 3% as of Mar’25. The bank demonstrated robust asset quality with GNPA/NNPA improving to 2.27%/0.43%. PCR improved to 81%, providing adequate buffer. Group and Individual Loan Bucket-X collection efficiency improved to 99.8% for Mar’26.
Net Interest Margin (NIM) improved to 8.5%, up 20 bps YoY. This was largely due to reducing CoF, stable yields and optimal liquidity utilization. Cost of funds for Q4FY26 at 7.0% down 63 bps YoY. We reported highest ever NII for the quarter of ₹1,092 Crore, up 26.4% YoY and 9.2% Q-o-Q. Q4FY26 PAT stood at ₹282 Crore, up 238.2% YoY. RoA and RoE were at 2.1% and 17.2%, respectively.
Our growth momentum would continue into FY27 with GLB growth of around 25%, improving asset quality with Credit Cost between 1.4% to 1.5% of the average GLB. This performance would improve profitability and deliver RoA of around 1.6%. To ensure continued growth trajectory board has approved equity capital raise of upto ₹2,000 Cr”