Utkarsh Small Finance Bank Q2 & H1 FY27: loss narrows, GNPA falls to 5.9%
Q2 FY27 loss narrowed to ₹70 crore from ₹348 crore; operating profit ₹85 crore vs (₹3) crore; GNPA 5.9% vs 12.2%.
By ScoutQuest · · 1 min read
- Q2 FY27 Loss After Tax
- ₹70 crore vs ₹348 crore in Q2 FY26
- Asset Quality - GNPA / NNPA
- GNPA 5.9% vs 12.2%; NNPA 2.7% vs 4.9%
- FY28 Management Targets
- 25-30% portfolio growth, ~15% return on equity, ~8% net interest margin, ~55% secured loans
- Period
- Q2 & H1 FY27 (ended September 30, 2026)
- Positioning
- It presents itself as a small finance bank focused on financial inclusion, with 1,110 banking outlets across 27 states and UTs, 5.21 million customers and a ₹20,062 crore gross loan book split 52% secured / 48% unsecured.
📉 Q2 FY27 loss after tax narrowed to ₹70 crore from ₹348 crore in Q2 FY26, with operating profit (PPoP) of ₹85 crore against (₹3) crore a year earlier; for H1 FY27 the loss was ₹104 crore versus ₹588 crore in H1 FY26, so the swing is a smaller loss rather than operating growth.
📌 Gross loan portfolio was ₹20,062 crore at Q2 FY27, up 7.5% year on year, and total deposits ₹23,869 crore, up 6.6%; the secured share of the book rose to 52% from 47%, with the Micro-Banking portfolio down 11.3% and JLG down 32.4%, offset by Non Micro-Banking up 22.6%.
📉 Asset quality improved: GNPA fell to 5.9% from 12.2% and NNPA to 2.7% from 4.9% a year earlier, and Q2 FY27 credit cost was 3.3% against 9.7%; the presentation also shows provision coverage ratio slipping to 55.5% from 62.7%, with Micro-Banking NPA at 9.8% and collection efficiency at 93%.
🎯 Management states FY28 targets of 25-30% portfolio growth, ~15% return on equity, ~8% net interest margin and ~55% secured loans, and lists plans to grow retail deposits in the top 100 cities, lift fee income and extend from JLG into individual and affordable housing loans; it points to ₹950 crore raised in a rights issue in Nov-25 and ₹300 crore of Tier-II capital via NCDs in Sep-26, with CRAR at 17.0%.
Also from Utkarsh Small Finance Bank
No deviation in use of Rs. 300 crores NCD proceeds raised on September 25, 2026
3 Nov 2026
Utkarsh Small Finance Bank Q2 FY27: gross NPAs fall to 5.9%, pre-provision operating profit ₹85 crore
3 Nov 2026
Board approves Q2/H1 results; auditors' review unmodified; PAT line shows loss of Rs 6,985.22 lakh
3 Nov 2026
More numbers
- Gross loan portfolio, Q2 FY2720,062 (₹ in crores)
- Total deposits, Q2 FY2723,869 (₹ in crores)
- Loss after tax (PAT), Q2 FY27(70) (₹ in crores)
- Operating profit (PPoP), Q2 FY2785 (₹ in crores)
- Gross NPA, Sep-265.9%
- Net NPA, Sep-262.7%
- Gross loan portfolio YoY growth, Q2 FY277.5%
- Total deposits YoY growth, Q2 FY276.6%
- Net worth (Capital + Reserves), Sep-26₹2,676 (₹ in crores)
- Loss after tax (PAT), H1 FY27(104) (₹ in crores)
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