Utkarsh Small Finance Bank Limited · NSE:UTKARSHBNK
Utkarsh Small Finance Bank — Q1 FY27 Earnings Presentation
48 slides from Utkarsh Small Finance Bank's earnings presentation, Aug 1, 2026
Slide 1: Regulation 30 filing cover letter
August 01, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 976203 Dear Sir/Madam, Sub: Investor Presentation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2
Slide 2: Investor Presentation Q1 FY27
Slide 3: Q1 FY27 Performance Snapshot
Q1 FY27 Performance Snapshot All Amounts in ₹ Crores Q1 FY27 Performance Q4 FY26 Performance Banking Outlets : 1,110 vs. 1,099 (Jun-25) Disbursements Q1 FY27 YoY Growth QoQ Growth YoY Growth QoQ Growth Presence : 27 States & UTs Total Disbursements 3,370 48.5% (19.9)% 30.1% 46.1% Head Count : 18,136
Slide 4: Asset Quality Stabilisation – Micro-Banking
Asset Quality Stabilisation – Micro-Banking All Amounts in ₹ Crores Collection E ciency SMA levels dropped significantly (excl. Pre-Payments) X-Bucket 98.65% 98.62% 99.08% 99.69% 99.63% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 SMA 0 % 1.9% 1.8% 0.9% 0.4% 0.5% 87% 91% 82% 80% 82% SMA 1 % 1.5% 1.3% 0.9% 0.4%
Slide 5: Asset Quality Stabilisation – Bank Level
Asset Quality Stabilisation – Bank Level All Amounts in ₹ Crores Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Jun-25 Mar-26 Jun-26 411 462 446 244 109 Credit Cost Gross NPA %** 11.4% 7.6% 5.9% 8.5% 9.7% 9.6% 5.3% 2.3% Net NPA %** 5.0% 3.2% 2.8% PC % 59.2% 62.7% 62.2% 59.3% 54.6% 2,196 2,276 SMA 1 & 2 % 1
Slide 6: Sustainable Franchise
Sustainable Franchise Diversified Asset Mix within the SFBs – Swiftly de-risking the business with Secured loans now constituting 51% of the portfolio Strategic Geographic Expansion: Sustaining JLG dominance in UP & Bihar on the back of first-mover advantage and brand recall, alongside retail lending
Slide 7: Building Growth Strategies
Building Growth Strategies Continue diversifying asset portfolio Consistently increase share of secured loans in portfolio mix Leverage wide base of existing customers in the unserved and underserved segments – Utkarsh in Extend product o erings from JLG loans to individual loans, a ordable ho
Slide 8: Journey and Franchise
Journey and Franchise Portfolio Build Up Deposits Build Up Financial Performance Technology, ESG & CS 7
Slide 9: Journey and Franchise
Journey and Franchise Committed journey of ~16 years from Microfinance to Small Finance Bank to Listed Company Significant presence in rural & semi urban locations and under penetrated States of the Country Di erentiated branch network to ensure relevant product o erings for customers & ensuring cost
Slide 10: Utkarsh Journey
Utkarsh Journey In Jul-23 Bank launched IPO to raise equity capital of ₹500 crore; Bank successfully raised equity IPO oversubscribed >100 X; capital through ights Issue for Higher ever annual PAT of ₹498 an amount aggregating to ₹950 crore in FY24 crore in Nov-25 FY26 FY24 FY25 Launched digital on-
Slide 11: Business Overview
Business Overview Focus on Financial inclusion, o er a range of financial products and services that address the specific requirements of customer segments Micro-Banking 37% Other etail Loans 46% Joint Liability Business MSME Loans Housing Group Loans Loans ( etail Assets) Loans Asset 26% 12% products
Slide 12: Diversified distribution network
Diversified distribution network Extensive physical network of Banking Outlets (Jun’26) Potential for etail Assets within existing Branches (Jun’26) Subset of GB Branches >50 Outlets Total MB GB MSME HL Wheels 1 <50 Outlets STATES Banking Outlets Outlets* Locations Locations Locations Outlets No Outl
Slide 13: Portfolio Build-up
Portfolio Build-up • Slowdown witnessed in JLG segment due to market Non-JLG Loan portfolio grew by 32.7% YoY disruptions ural & semi urban franchise, deep rooted understanding • Continued focus on high yield, low risk products & of our core geographies, proven track record - key improving productiv
Slide 14: Loan Portfolio Build-up
Loan Portfolio Build-up All Amounts in ₹ Crores Product CAG % Loan Book (Mar-20) (FY20-Q1 FY27) Micro-Banking Business Loans (MBBL) 129% Wholesale Housing Other etail Loans** 59% etail Lending Loans Loans 5% 1% Others* (MSME) 2% JLG* 19,666 19,332 19,610 4% MBBL 18,299 JLG Other Retail Loans** MBBL
Slide 15: Portfolio Mix
Portfolio Mix 10% 16% 24% 35% 39% 53% 70% 72% 90% 84% 76% 65% 61% 47% 30% 28% Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'26 JLG (incl. BC JLG) Non-JLG 57% 49% 49% 69% 66% 86% 78% 92% 43% 51% 51% 31% 34% 14% 22% 8% Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'26 Secured Unsecured 14
Slide 16: Micro-Banking Lending
Micro-Banking Lending 15
Slide 17: Micro-Banking Lending
Micro-Banking Lending All Amounts in ₹ Crores Portfolio Outstanding 9,079 8,271 7,497 7,420 7,322 Q1’FY27 JLG MBBL MBBL 916 Customer Base >14 Lakh ~3 lakh penetration 1,052 level ~17%, 1,451 significant 2,034 2,259 Portfolio ₹5,063 Crore ₹2,246 Crore potential to 31% grow 8,163 Average Ticket Size 7,
Slide 18: Joint Liability Group (JLG) Lending
Joint Liability Group (JLG) Lending All Amounts in ₹ Crores Portfolio 8,163 7,218 6,046 5,386 5,063 Geographical Split of JLG Portfolio Disbursements Madhya 1,310 Maharashtra Pradesh Other 5% 4% States Odisha 1,094 6% Presence 1,088 5% across 13 States / UTs 872 835 Jharkhand 9% Uttar Pradesh 27% Bi
Slide 19: Micro-Banking Business Loans
Micro-Banking Business Loans All Amounts in ₹ Crores Portfolio 909 1,046 1,444 910 2,022 909 2,246 Geographical Split of Portfolio Disbursements Odisha, Maharashtra, Madhya 233% YoY Growth 4% 3% Pradesh, 4% Other States, 831 4% Jharkhand, Presence 592 7% across 13 508 States / UTs 305 Bihar, Uttar 5
Slide 20: Other Retail Lending
Other etail Lending MSME ( etail Assets) Housing Loans CE & CV Loans 19
Slide 21: MSME (Retail Assets) Lending
MSME ( etail Assets) Lending All Amounts in ₹ Crores Portfolio Outstanding 4,456 4,482 4,164 4,275 4,001 Secured Unsecured Micro LAP / Business Loans Business Loan Overdraft (LAP) Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 o Significant presence in our core geography 13.7% 13.4% 13.1% 12.7% 12.8% 600 o O eri
Slide 22: Housing Loans
Housing Loans All Amounts in ₹ Crores Portfolio Outstanding etail Housing Loans A ordable Housing 990 1,005 929 947 965 o Significant presence in our core geography o Currently o ering HL product from 62 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 locations, significant headroom to expand 11.1% 11.3% 11.1% 10.
Slide 23: CE & CV Loans
CE & CV Loans All Amounts in ₹ Crores Portfolio Outstanding 1,179 1,144 CV (New) CE (New) CV & CE (Used) 1,102 1,090 990 • 72% of total • 15% of total • 14% of total portfolio portfolio portfolio o Lending primarily to small fleet operator segment Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 o Currently o eri
Slide 24: Geographical Split of Other Retail Lending
Geographical Split of Other etail Lending All Amounts in ₹ Crores Portfolio 7,957 8,194 8,393 8,931 8,987 Geographical Split of Other etail Lending Portfolio Disbursements Presence across 27 29% YoY Growth States / UTs AJASTHAN WEST BENGAL 1,136 3% JHA KHAND 3% 3% Other States 951 14% 855 HA YANA 73
Slide 25: Wholesale Lending
Wholesale Lending All Amounts in ₹ Crores Portfolio Break up (Mar-20) Portfolio Break up (Jun-26) WSL Jun-26 Jun-25 Mar-26 Portfolio O/s ₹2,921 ₹2,188 ₹2,676 Business Business Share in Gross Loan Portfolio 15% 11% 14% Started Business Banking Group Banking in FY21 Banking Group 0% 41% ating Wise WSL
Slide 26: Deposits Build-up
Deposits Build-up CASA Deposits grew by 15.1% YoY; etail Term Deposits grew by 14.7% YoY Expanded General Banking Franchise significantly Targeting top-100 deposits centres of the country Focus on building retail franchise 25
Slide 27: Deposits Trend & Composition
Deposits Trend & Composition All Amounts in ₹ Crores Deposits Trend CD ratio (excl. Deposits Composition refinance) at Deposits (3% YoY Growth) 78%** 20% 21% 22% 24% 22% CASA 74% 78% 82% 83% 83% CASA + TD 83% 79% 83% 84% 79% 25,000 90% 80% 26% 22% 18% 17% 17% Institutional Term Deposits 70% 22,054 Re
Slide 28: Deposits Trend & Composition (Contd.)
Deposits Trend & Composition (Contd.) All Amounts in ₹ Crores Geographically well diversified Deposits* mix etail Term Deposits Tenure wise Break up Uttar Pradesh 17.1% Mar-23 Jun-26 Maharashtra 13.4% 3 Years and above 3 Years and above 7% 33% NCT of Delhi 11.8% Haryana 7.5% West Bengal 6.0% Punjab 5
Slide 29: Financial Performance
Financial Performance esults impacted due to market disruptions in MFI segment Secured assets growth and deposits build-up in line with expectations 28
Slide 30: Profit & Loss
Profit & Loss: For the quarter ended June 30th, 2026 All Amounts in ₹ Crores Particulars Q1’FY27 Q1’FY26 Y-o-Y Q4’FY26 Q-o-Q INCOME Limited eview Audited Total Interest Earned 884 881 0% 837 6% Less : Interest Expense 461 479 (4)% 461 0% Net Interest Income 422 402 5% 376 12% Add : Other Income (Proc
Slide 31: Profitability Trend – QoQ
Profitability Trend – QoQ All Amounts in ₹ Crores 311 276 234 185 137 92 51 64 3 (3) 12 Profit (44) Zone (34) (168) (188) (239) (348) (375) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 PPoP PAT 30
Slide 32: Balance Sheet: As on June 30th, 2026
Balance Sheet: As on June 30th, 2026 All Amounts in ₹ Crores June 30th, June 30th, March 31st, Particulars Y-o-Y Q-o-Q 2026 2025 2026 CAPITAL & LIABILITIES Limited eview Audited Capital and eserves 2,745 2,739 0% 2,776 (1)% Deposits 22,054 21,489 3% 21,654 2% Borrowings 1,845 2,210 (16)% 2,829 (35)%
Slide 33: Profitability Metrics
Profitability Metrics Operating Profit & PAT – Quarterly Trend (₹ in crores) Annual Operating Profit & PAT (₹ in crores) 1,007 92 12 64 24 56 (3) (44) (34) (188) (239) (348) (375) (1,151) Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27 FY25 FY26 Operating Profit (PPoP) PAT Operating Profit (PPoP) PAT 15.6
Slide 34: Profitability Metrics (Contd.)
Profitability Metrics (Contd.) 110.3% 9.7% 9.6% 100.7% 97.5% 8.5% 88.2% 83.0% 5.3% 2.3% 15.6% 13.8% 13.4% 11.6% 9.8% Credit Cost Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 Cost to Income Ratio Non-Interest income/Interest income 10.1% 10.3% 1.3% 9.4% 9.9% 9.3% 0.9
Slide 35: Break-up of Other Income
Break-up of Other Income All Amounts in ₹ Crores ₹ 138 crore ₹ 97 crore ₹ 81 crore ₹115 crore ₹119 crore 37 0 6 37 33 19 12 13 4 9 25 25 28 13 35 46 12 4 25 12 46 35 23 22 28 Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 Loan Processing Fee PSLC Income Recovery from written off accounts General Banking &
Slide 36: CRAR & Tier 1
C A & Tier 1 All Amounts in ₹ Crores Particulars Jun-26 Jun-25 Mar-26 isk Weighted Assets 14,373 14,757 15,006 Total Capital 2,506 2,898 2,657 Tier-I Capital 2,174 2,466 2,247 Tier-II Capital 332 431 410 C A 17.44% 19.64% 17.71% Tier-I C A 15.13% 16.71% 14.98% Tier-II C A 2.31% 2.92% 2.73% 35
Slide 37: Shareholding Pattern
Shareholding Pattern Bank Shareholders as on June 30th, 2026 Top 10 Shareholders as on June 30th, 2026 Utkarsh CoreInvest Limited Cohesion MK Best Ideas Sub-Trust Foreign India Capital Fund Limited Individuals Companies, & Others, ICICI Prudential Life Insurance Company Limited N Is, 3.7% 27.4% FLC
Slide 38: Diversified & Experienced Board
Diversified & Experienced Board Dr. Kshatrapati Shivaji Part Time Chairman & Independent Director • IAS ( etd.); experienced in Banking, Economics, Finance, and Law • Previously associated with Maharashtra eal Estate Appellate Tribunal as member in rank & status of Chief Secretary of Govt. of MH, Min
Slide 39: Leadership Complementing Bank's Strengths
Leadership Complementing Bank’s Strengths Senior Management Team Govind Singh - Managing Director & Chief Executive O cer Sarjukumar Pravin Simaria - Executive Director • Over 25 years of experience in the banking and financial services sector • Experienced in the field of financial management, oversee
Slide 40: Tech, ESG & CSR
Tech, ESG & CS Technology Setup to support Physical Infrastructure and Digital equirement Integrating ESG Sensitivities into our operations & decision- making Contributing to the well-being of the society 39
Slide 41: 360-Degree Transformation → Bank Future Growth Ready
360-DegreeTransformation → Bank Future Growth eady Driving Sustainable Business Growth in the Modern World Automation / E ciency Transformation Substantial improvement via automation BOT & Agentic AI e-architecting and revamping the old technology stack Process re-engineering & Collection work
Slide 42: Focus on risk management & effective operations
Focus on risk management & e ective operations isk Management practices in Credit Assessment obust Underwriting Discipline Enhanced Financial Due Diligence Scorecard-based evaluation ensures Deployment of advanced analytical tools objective borrower assessment. (e.g., Perfios) for comprehensive r
Slide 43: Environment, Social & Governance
Environment, Social & Governance Environment Social Governance Practice is aligned Committed to give •Exclusion List •Service to Bottom •Diversified Board •Training and of pyramid •Board with the national E&S due consideration to awareness •Inclusive finance independence laws and regulations environme
Slide 44: Utkarsh Welfare Foundation: CSR Initiatives
Utkarsh Welfare Foundation: CS Initiatives SKILL & ENTE P ISE VILLAGE DEVELOPMENT OTHE PHILANTH OPIC FINANCIAL AWA ENESS HEALTH INITIATIVES DEVELOPMENT P OG AM P OG AM & EDUCATION ACTIVITIES Initiatives Lives Impacted Lives Impacted Lives Impacted Blood Donation Camps, Lives Impacted 29,70,000+ 46,0
Slide 45: Utkarsh Welfare Foundation: CSR Initiatives (Contd.)
Utkarsh Welfare Foundation: CS Initiatives (Contd.) Financial Awareness Health Camps E-Clinics Smart Classes Women Village Development Blood Donation Camps Health Awareness Entrepreneurship Program Learning Enhancement Weavers Support Support to Old Age Agri-Input Support Program Program Home 44
Slide 46: Utkarsh Welfare Foundation: CSR Initiatives (Contd.)
Utkarsh Welfare Foundation: CS Initiatives (Contd.) Skill Development Farmers Orientation Sponsorship Support Swasthya Mitra Program under VDP Women Supporting ural Installation of Water Handover of Sanitation Entrepreneurship Children’s Education ATM Boat Digital Financial Literacy Financial Litera
Slide 47: Disclaimer
Disclaimer Utkarsh Small Finance Bank Limited (also referred to as ‘Bank’). By attending a meeting where this presentation is made, or by reading this presentation material, you agree to be bound by following limitations: The information in this presentation has been prepared for use in presentation
Slide 48: THANK YOU.
THANK YOU. ©) Utkarsh Small Finance Bank
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