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Utkarsh Small Finance Bank Ltd

Q2 FY27Banks

Utkarsh Small Finance Bank Q2 Results 2026: Net loss ₹70 Cr

Q2 FY27 earnings call: what management said on revenue, margins and capex.

Revenue
₹909Cr
+8.2% YoY
+2.8% QoQ
Net profit
−₹70Cr
Q2 FY26: −₹348 Cr

What the Q2 FY27 call signalled

1 of 4 strong

RevenueGood growth
MarginMargins steady
CapexNo capex planned
FundraiseNo fundraise planned
Price₹12
Market cap₹2.1K Cr

The short version

The bank targets loan book growth of around 25% to 30% for FY27, indicating strong disbursement expansion. The bank expects a much better earnings trajectory from FY27 onwards, with a return to profitability projected in the current financial year (FY27).

From Utkarsh Small Finance Bank Ltd's Q2 FY27 earnings-call transcript · updated 11 Nov 2026.

How did Utkarsh Small Finance Bank's revenue grow in the September 2026 quarter?

Good growth
  • The bank targets loan book growth of around 25% to 30% for FY27, indicating strong disbursement expansion.
  • Disbursements grew 30% YoY in Q4 FY26, 50% YoY in Q1 FY27, and 55% YoY in Q2 FY27; non-MFI book grew faster at 72%-87%.
  • Growth momentum is expected to continue in H2 FY27, with a "bumper" growth anticipated to reach the full-year target.
  • Focus remains on expanding secured lending to about 55% of the portfolio, including LAP and gold-backed loans.
  • Other income will also rise with higher disbursements due to increased processing fees.
  • NIM is expected to improve from 6.3% (Q2 FY27), targeting around 8% sustainably.

2 more points from Utkarsh Small Finance Bank Ltd's call on revenue

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What happened to Utkarsh Small Finance Bank's margins in Q2 FY27?

The bank expects a much better earnings trajectory from FY27 onwards, with a return to profitability…

Locked: what Utkarsh Small Finance Bank Ltd said on margins

Also locked on this page: fundraising

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What capex is Utkarsh Small Finance Bank planning?

No capex planned
  • No immediate plans for equity capital raise in the current financial year; may consider equity issuance in the next financial year if needed.
  • Raised INR300 crores Tier 2 capital in Q2 FY27 and plan to raise an additional INR200 crores Tier 2 in this quarter based on market conditions.
  • No significant branch expansion is planned; focus is on improving productivity using existing infrastructure.
  • Investment in technology transformation through the Utkarsh 2.0 project emphasizing automation, data-driven decision-making, and a new core banking system rolled out recently.
  • Investment in digital underwriting tools and loan origination systems to enhance operational efficiency and speed.

2 more points from Utkarsh Small Finance Bank Ltd's call on capex

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Top-ranked in Banks

Ranked on what management guided this quarter

Guidance-ranked
1Capital Small
Rev 2Mar 2
2Canara Bank
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.

Is Utkarsh Small Finance Bank raising money or cutting debt?

The bank currently has no immediate plans for an equity raise this financial year.

Locked: what Utkarsh Small Finance Bank Ltd said on fundraising

Also locked on this page: margins

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How big is Utkarsh Small Finance Bank's order book?

The discussion primarily covers the bank’s financial performance, asset quality, loan disbursements, collections, write-offs, digital initiatives, employee rationalization, capital adequacy, and strategic plans. Key points related to business and portfolio: - Loan book growth target: ~25% to 30% medium term. - Expansion focus on secured lending to reach around 55% of the portfolio.

2 more points from Utkarsh Small Finance Bank Ltd's call on order book

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Utkarsh Small Finance Bank Ltd Q2 FY27 results — key figures

Utkarsh Small Finance Bank Ltd Q2 FY27 reported results vs year-ago quarter, ₹ crore
₹ CrQ2 FY27
Interest earned909
Net interest income435
Operating profit (pre-provision)85
Provisions166
Profit before tax-81
Net profit (PAT)-70
EPS (₹)-0.39

Source: Utkarsh Small Finance Bank Ltd's results filing to NSE (standalone), ₹ crore.

Full financials →

More Q2 FY27 results in Banks

All Q2 FY27 results | Banks rankings

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What Utkarsh Small Finance Bank's management said in earlier quarters

Earlier calls (8)

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Frequently Asked Questions

What were Utkarsh Small Finance Bank Ltd Q2 FY27 results?

The bank targets loan book growth of around 25% to 30% for FY27, indicating strong disbursement expansion. The bank expects a much better earnings trajectory from FY27 onwards, with a return to profitability projected in the current financial year (FY27).

What is Utkarsh Small Finance Bank Ltd share price analysis?

Utkarsh Small Finance Bank Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of N/A with a market cap of ₹2,132 Cr. Investors should review the full earnings analysis for detailed insights.

Is Utkarsh Small Finance Bank Ltd planning capital expenditure?

No immediate plans for equity capital raise in the current financial year; may consider equity issuance in the next financial year if needed.

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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.