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Utkarsh Small F.

Q2 FY26Banks

Utkarsh Small F. Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹15
Market cap₹2.6K Cr
Updated26 Aug 2026
Read4 min read

The short version

The bank expects overall blended loan growth of around 25% for FY '27 and FY '28. Stress in asset quality is expected to improve meaningfully from Q3 FY '26 onwards, with better collection efficiency and reduced fresh NPA accretion.

From Utkarsh Small F.'s Q2 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • The bank expects overall blended loan growth of around 25% for FY '27 and FY '28.
  • JLG (Joint Liability Group) portfolio growth is projected at approximately 15%-16% annually.
  • Non-JLG (secured lending) businesses are targeted to grow around 30% or higher.
  • Secured lending mix (MSME, Housing, Micro LAP) expected to grow faster (30%-35%) compared to unsecured (15%-18%).
  • Continued expansion in micro-banking business loan (MBBL) portfolio, which grew 39% YoY.
  • Growth in asset products like MSME, Housing, LAP supported by cross-sell through deposit-focused branches.
  • Disbursement yields improving (e.g., MSME yield up 100 bps, Housing yield improved by 40 bps).

2 more points from Utkarsh Small F.'s call on revenue

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Profitability & Margins

See what Utkarsh Small F. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The bank has successfully raised Rs. 950 crores through a rights issue in November 2025 to augment its Tier-1 capital, sufficient for the next 24 months till around September 2027.
  • Statutory approvals for the proposed reverse merger of the holding company with the bank have been secured; the bank is assessing the optimal timing for filing the petition with NCLT.
  • The bank is undertaking a business transformation project named "Utkarsh 2.0 Technology Transformation Project," with several sub-projects already live, focused on future-ready technology architecture and improved business processes.

2 more points from Utkarsh Small F.'s call on capex

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Top-ranked in Banks

Ranked on what management guided this quarter

Guidance-ranked
1Canara Bank
Rev 2Mar 3
2AU Small Finance
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Utkarsh Small F. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript does not mention current or expected orderbook or pending orders for Utkarsh Small Finance Bank Limited. The discussion primarily covers topics such as loan portfolio composition, delinquencies, collection efficiencies, branch strategy, disbursement trends, deposit growth, asset quality, and credit costs. There is no reference to orderbook or pending orders in the banking context or otherwise. If you are looking for specific information related to orders or executed contracts, it is not available in this transcript. Please provide more details or check other sources for orderbook data.

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Frequently Asked Questions

What were Utkarsh Small F. Q2 FY26 results?

The bank expects overall blended loan growth of around 25% for FY '27 and FY '28. Stress in asset quality is expected to improve meaningfully from Q3 FY '26 onwards, with better collection efficiency and reduced fresh NPA accretion.

What is Utkarsh Small F. share price analysis?

Utkarsh Small F. currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹2,568 Cr. Investors should review the full earnings analysis for detailed insights.

Is Utkarsh Small F. planning capital expenditure?

The bank has successfully raised Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.