Any current/future new fundraising through debt or equity?

The bank raised Rs.500 Crores through an IPO recently, which provides sufficient capital for its growth plan. (Page 4) There is no mention of any immediate or planned new fundraising through debt or equity in the current quarters covered. Capital adequacy ratio stands strong at around 19.83% as of June 2023 quarter end and improves to 20.88% including current profits, indicating sufficient capital buffer for expansion. (Page 6) The bank is focused on expanding branches and scaling business within existing capital resources without noting fresh capital raising plans. No explicit future

Any current/future capex/capital investment/strategic investment?

The bank has raised Rs. 500 Crores through an IPO, providing sufficient capital for growth plans (Page 4). Investment focus on expanding infrastructure and people, with 161 branches added in the last year and 2,600 employees hired, supporting growth and business recovery post-COVID (Page 5-6). Strategy to build a significant market share in home markets like Varanasi, Patna, and Prayagraj, leveraging branch expansion and digital onboarding (Page 4). Continuous investment in product and technology enhancement to support scaling branches and improve customer experience (Page 5). Plans to grow an

Future growth expectations in sales/revenue/volumes?

The bank achieved a 31%+ loan book growth last year and expects this to increase further. Over the medium term (next 3-5 years), a CAGR of 25-30% in topline and bottom-line growth is considered achievable. Microfinance (JLG) book is expected to grow at around 20% annually. Micro Banking Individual Loans (MBIL) are expected to grow over 150% in the current financial year due to a low base. The overall advances growth is projected to be above 31% over the next 2-3 years, supported by faster growth in non-microfinance secured loans. Expansion focused on building deposit market share (2-3%) in key

Future growth expectations in earnings/operating earnings/profits/EPS?

The bank expects a medium-term CAGR growth of 25% to 30% in topline and bottom line over the next 3-4 years, supported by expanded new verticals and team (Page 15). Loan book growth is targeted above 31% for the next 2-3 years, driven by micro banking (~20% growth in JLG) and faster growth in other asset classes on a lower base (Page 9). Operating costs are expected to improve as newer secured businesses (MSME, HL) scale, lowering credit costs by 30-40 bps and operating costs by another 30-40 bps, aiding ROA and profitability (Page 13). Yield on microfinance lending is expected to improv

Utkarsh Small Finance Bank LtdQ1 FY24Banks

Utkarsh Small Finance Bank Ltd Q1 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹11.9Market Cap: ₹2.1K CrSector: Banks

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

3 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 2

The bank achieved a 31%+ loan book growth last year and expects this to increase further.
Over the medium term (next 3-5 years), a CAGR of 25-30% in topline and bottom-line growth is considered achievable.
Microfinance (JLG) book is expected to grow at around 20% annually.
Micro Banking Individual Loans (MBIL) are expected to grow over 150% in the current financial year due to a low base.
The overall advances growth is projected to be above 31% over the next 2-3 years, supported by faster growth in non-microfinance secured loans.
Expansion focused on building deposit market share (2-3%) in key urban centers like Patna, Varanasi, and Prayagraj within 18 months.
Increasing penetration in microfinance across newer states will reduce geographical concentration in UP and Bihar slightly.
Growth in newer verticals like MSME, housing, and wheels lending expected to significantly contribute to revenues in the next 18-24 months.

Margin guidance

Category 3

The bank expects a medium-term CAGR growth of 25% to 30% in topline and bottom line over the next 3-4 years, supported by expanded new verticals and team (Page 15).
Loan book growth is targeted above 31% for the next 2-3 years, driven by micro banking (~20% growth in JLG) and faster growth in other asset classes on a lower base (Page 9).
Operating costs are expected to improve as newer secured businesses (MSME, HL) scale, lowering credit costs by 30-40 bps and operating costs by another 30-40 bps, aiding ROA and profitability (Page 13).
Yield on microfinance lending is expected to improve by at least 100 bps over next 9-12 months, supporting margins (Page 10).
NIMs expected to sustain or improve to 9.4%-9.5% in FY2024 despite rising cost of funds (Page 10).
New product verticals like MSME, housing, wheels expected to contribute significantly to bottom line in 18-24 months (Page 8).
ROE target remains around 20% and ROA above 2% over next 1-2 years (Pages 6 and 7).

See what Utkarsh Small Finance Bank Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The bank raised Rs.500 Crores through an IPO recently, which provides sufficient capital for its growth plan. (Page 4)
There is no mention of any immediate or planned new fundraising through debt or equity in the current quarters covered.
Capital adequacy ratio stands strong at around 19.83% as of June 2023 quarter end and improves to 20.88% including current profits, indicating sufficient capital buffer for expansion. (Page 6)
The bank is focused on expanding branches and scaling business within existing capital resources without noting fresh capital raising plans.
No explicit future debt or equity fundraising plans were stated in the provided text.

Order book

Yes

The provided pages from Utkarsh Small Finance Bank's Q1 FY2024 Earnings Call transcript do not mention any details related to current or expected orderbook or pending orders. The discussion primarily focuses on: - Microfinance and loan portfolio growth - Deposit acquisition strategies and market share targets - Asset quality and provisioning - Branch expansion and employee additions - Medium-term growth outlook and product mix - Financial performance metrics such as NPA, ROA, ROE, and NIM No information on orderbook or pending orders is disclosed in the shared transcript.

See what Utkarsh Small Finance Bank Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

The bank has raised Rs. 500 Crores through an IPO, providing sufficient capital for growth plans (Page 4).
Investment focus on expanding infrastructure and people, with 161 branches added in the last year and 2,600 employees hired, supporting growth and business recovery post-COVID (Page 5-6).
Strategy to build a significant market share in home markets like Varanasi, Patna, and Prayagraj, leveraging branch expansion and digital onboarding (Page 4).
Continuous investment in product and technology enhancement to support scaling branches and improve customer experience (Page 5).
Plans to grow and deepen presence in MSME, home loans, wheels, and microfinance segments leveraging existing franchise and capital adequacy (~20% CAR as of June 2023) (Pages 3-5).
No specific mention of large future capex projects, but ongoing investment in scaling branches, digital infrastructure, and talent is clear.

Track Utkarsh Small Finance Bank Ltd — get its next earnings analysis in your feed

How does Utkarsh Small Finance Bank Ltd rank vs peers in Banks?

Pro feature

ThisUtkarsh Small Finance Bank Ltd

Rev 2Mar 3

See where Utkarsh Small Finance Bank Ltd sits in BanksSee which companies these are, and every other name in the sector.Open rankings

How does Utkarsh Small Finance Bank Ltd rank in Banks?

Compare Utkarsh Small Finance Bank Ltd against every Banks company (Q1 FY24) on revenue, margins and earnings-call signals.

View Banks leaderboard →

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

Others in Banks this season

Suryoday Small Finance Bank Ltd (Q2 FY27)
Gross Advances: ₹14,972 Cr, +34.6% YoY . Key investor presentation takeaways from Suryoday Small Finance Bank Ltd's Q2 FY27 investor presentation — and how it r
Fino Payments Bank Ltd (Q2 FY27)
Q2’27 Revenue: ₹333.6 Cr, up 16.6% YoY (Page 15) . Key investor presentation takeaways from Fino Payments Bank Ltd's Q2 FY27 investor presentation — and how it
Capital Small Finance Bank Ltd (Q2 FY27)
Net Interest Income: INR 139 Crores (24% YoY increase from INR 112 Crores in Q2FY26) . Key investor presentation takeaways from Capital Small Finance Bank Ltd's
Equitas Small Finance Bank Ltd (Q2 FY27)
Net Income for Q2FY27: ₹1,313 Cr, up 32% YoY (Page 34) . Key investor presentation takeaways from Equitas Small Finance Bank Ltd's Q2 FY27 investor presentation

Compare:vs HDFC Bank Ltd vs ICICI Bank Ltd vs SBI

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →