USUjjivan Small Finance Bank542904Quarterly results

Q2FY27: Highest-ever quarterly PAT ₹365 Cr, deposits cross ₹50,000 Cr, board approves ₹409 Cr preferential issue

Ujjivan SFB Q2FY27: highest-ever quarterly PAT ₹365 Cr, up 199.9% YoY.

By ScoutQuest · Fri 16 Oct 2026, 2:14 PM IST · 3 min read

PAT

₹365 Cr, up 199.9% YoY

Deposits

₹50,643 Crore, up 29.2% YoY

Gross loan book

₹45,699 crore, up 32.1% YoY

The press release covers the business and financial performance of Ujjivan Small Finance Bank for the quarter and half-year ended September 30, 2026, along with a board-approved fund raise plan.

Capital infusion

• The board approved a fund raise through a preferential issue of ₹409 Cr from International Finance Corporation, Bajaj Life Insurance Ltd, HDFC Life Insurance and Aditya Birla Sun Life Insurance, subject to shareholders approval.
• The release states the fund raise is being done at a premium to current BVPS and will lead to an accretion of about ₹0.8 per share as of Sep' 26.
• The bank enhanced its funding mix by increasing the securitization pool by ₹500 Cr in Oct month, and received the first tranche of ₹500 Cr for Direct Assignment.

Deposits

• Total deposits crossed the ₹50,000 Cr milestone, reaching ₹50,643 Crore, up 29.2% YoY and 5.2% QoQ.
• CASA stood at ₹13,176 Crore, up 22.2% YoY, with the CASA ratio at 26.0%.
• Cost of funds for Q2FY27 was 6.9%, down 0.4% YoY, with funding costs expected to increase gradually.
• The bank launched the ASBA facility for customers in the quarter.

Assets

• Gross loan book at ₹45,699 crore, up 32.1% YoY and 6.5% QoQ.
• Highest quarterly disbursement of ₹10,495 Crore, up 32.3% YoY.
• Secured book at ₹23,803 Crore, taking the secured book share to 52.1%.
• Affordable Housing crossed the ₹10,000 crore mark, reaching ₹10,056 Crore, up 31.4% YoY.

Asset quality and collections

• Portfolio at Risk at 3.57% (Sep'26) versus 4.44% (Sep'25), down 88 bps YoY.
• GNPA / NNPA at 2.10% / 0.31% versus 2.45% / 0.67% earlier.
• Provision coverage ratio increased by 12% YoY to 85%.
• Group and individual Loan Bucket-X collection efficiency improved to 99.71% for Q2FY27.

Financials

• Highest quarterly PAT of ₹365 Crore, up 199.9% YoY and 15.3% QoQ.
• Highest ever quarterly NII at ₹1,244 Crore, up 35% YoY; NIM stable at 8.4%, up 55 bps YoY.
• Cost to income improved to 62%, improving 4.9% YoY and 0.5% QoQ.
• RoA at 2.4%, up 1.4% YoY, with RoE at 19.7%, up 12% YoY.

Capital and liquidity

• Capital adequacy ratio at 20.69%.
• Average daily LCR for Q2FY27 at 131%.
• As of Sep 30, 2026, net worth stood at ₹7,532 Cr; the bank is rated AA- (Stable) for long-term facilities and A1+ for short-term instruments by CARE Ratings and ICRA.

Leadership and network

• Mr. Sanjeev Nautiyal retired early based on his request on health grounds, and the NRC is actively engaged to ensure timely submission of the MD candidate to the regulator.
• The bank added 104 branches and 1,335 employees during H1 FY27, and serves about 1 Cr customers through 880 branches across 352 districts in 26 states and Union Territories.
• A brand campaign launched in Sep'26 is expected to reach around 35 Cr viewers.

What the release says

The bank states it remains on track to achieve the upper end of its guidance at 2.0% RoA, and will continue to invest in distribution, technology and customer engagement. The capital infusion plan is subject to shareholders approval, and the release says the raise would come at a premium to current BVPS.

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