Utkarsh Small Finance Bank Limited · NSE:UTKARSHBNK
Utkarsh Small Finance Bank — Q4 FY25 Earnings Presentation
49 slides from Utkarsh Small Finance Bank's earnings presentation, May 3, 2025
Slide 1: Cover letter to stock exchanges: Investor Presentation
May 03, 2025 The BSE Limited National Stock Exchange of India 543942, 959644, 958226, 975790, 976203 Limited NSE symbol: UTKARSHBNK Dear Sir/Madam, Sub: Investor Presentation Further to our letter dated April 29, 2025, intimating about Earnings Conference Call, please find attached Investor presenta
Slide 2: Investor Presentation Q4 FY25
Slide 3: Key Highlights FY25 – Assets & Liabilities
Key Highlights FY25 – Assets & Liabilities March 31, March 31, Change December 31, Change Particulars 2025 2024 YoY 2024 QoQ (Amount in ₹ Crore) (Audited) (Audited) % (Limited Review) % Gross Loan Portfolio* 19,666 18,299 7.5% 19,057 3.2% JLG (incl. BC JLG) Loan Portfolio* 9,207 11,090 (17.0%) 9,737
Slide 4: Key Highlights Q4 & FY25
Key Highlights Q4 & FY25 FY25 Q4 FY25 ₹19,666 cr. vs. ₹24 cr. vs. ₹3 cr. vs. ₹21,566 cr. vs. ₹2,975 cr. vs. 9.4% vs. [2.5%] 1,092 vs. [888] [₹18,299 cr.] [₹498 cr.] [₹160 cr.] [₹17,473 cr.] [₹2,973 cr.] Gross NPAs Banking Outlets Gross Loan Profit After Tax Profit After Tax Deposits Capital + Reserv
Slide 5: Journey and Franchise, Portfolio Build Up, Deposits Build Up
Journey and Franchise Portfolio Build Up Deposits Build Up Financial Performance Technology, ESG & CSR 4
Slide 6: Journey and Franchise
Journey and Franchise Committed journey of ~15 years from Microfinance to Small Finance Bank to Listed Company Significant presence in rural & semi urban locations and under penetrated States of the Country Differentiated branch network to ensure relevant product offerings for customers & ensuring c
Slide 7: Utkarsh Journey
Utkarsh Journey In Jul-23 Bank launched IPO to raise equity capital of ₹500 crore; IPO oversubscribed >100 X; FY25 Higher ever annual PAT of ₹498 crore in FY24 >1,000 Banking Outlets FY24 Launched digital on- Conversion of boarding microfinance branches to Raised equity capital of Bank commenced SFB
Slide 8: Business Overview
Business Overview Focus on Financial inclusion, offer a range of financial products and services that address the specific requirements of customer segments Micro-Banking 49% Other Retail Loans 40% Joint Liability Business MSME Loans Housing Group Loans Loans (Retail Assets) Loans Asset 45% 5% produ
Slide 9: Diversified distribution network
Diversified distribution network Extensive physical network of Banking Outlets (Mar’25) Potential for Retail Assets within existing Branches (Mar’25) >50 Outlets Total MB GB MSME HL Wheels 1 <50 Outlets STATES Banking Outlets Outlets* Locations Locations Locations No Outlets Outlets 4 10 Bihar 272 2
Slide 10: Strategies
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 Extend product offerings from JLG loans to individual loans, affordable housing and other new product
Slide 11: Portfolio Build-up
Portfolio Build-up • FY25 witnessed market disruptions in JLG segment, Loan portfolio grew 7% YoY resulting in a slowdown Rural & semi urban franchise, deep rooted understanding of • Continued focus on high yield products & improving our core geographies, proven track record - key strength of produc
Slide 12: Loan Portfolio Build-up
Loan Portfolio Build-up All Amounts in ₹ Crores Product CAGR% Loan Book (Mar-20) (FY20-FY25) Joint Liability Group Loans (JLG)* 8% Wholesale Housing Lending Loans Micro-Banking Business Loans (MBBL) 136% Retail 1% Others* 5% Loans 2% Other Retail Loans** 73% (MSME) 19,666 4% JLG* 18,299 MBBL MBBL JL
Slide 13: Micro-Banking Lending
Micro-Banking Lending 12
Slide 14: Micro-Banking Lending
Micro-Banking Lending All Amounts in ₹ Crores Portfolio Outstanding 11,313 11,387 10,889 10,066 9,679 Q4 FY25 JLG MBBL MBBL 678 715 764 Customer Base >27 Lakh >1 lakh penetration 812 918 level ~4%, 9% significant Portfolio ₹8,761 Crore ₹910 Crore potential to 10,634 10,672 grow 10,125 9,255 Average
Slide 15: Joint Liability Group (JLG) Lending
Joint Liability Group (JLG) Lending All Amounts in ₹ Crores Portfolio 10,634 10,672 10,125 9,255 8,761 Geographical Split of JLG Portfolio Disbursements Madhya 3,472 Maharashtra Pradesh Other States 4% 3% Jharkhand 6% 8% Presence across 13 States / UTs 2,260 Odisha 8% 1,540 1,296 1,340 Uttar Pradesh
Slide 16: Micro-Banking Business Loans
Micro-Banking Business Loans All Amounts in ₹ Crores Portfolio 671 706 754 801 910 Geographical Split of Portfolio Disbursements MADHYA ODISHA PRADESH MAHARASHTRA 25% YoY Growth 4% 3% 2% JHARKHAND 260 UTTARAKHAND 5% 1% 208 175 163 138 UTTAR PRADESH 34% BIHAR 51% Q4,FY24 Q1,FY25 Q2,FY25 Q3,FY25 Q4,FY
Slide 17: Other Retail Lending
Other Retail Lending MSME (Retail Assets) Housing Loans CE & CV Loans 16
Slide 18: MSME (Retail Assets) Lending
MSME (Retail Assets) Lending All Amounts in ₹ Crores Portfolio Outstanding 3,875 3,453 3,128 2,745 2,557 Secured Unsecured Micro LAP / Business Loans Business Loan Overdraft (LAP) Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Disbursements (12% YoY Growth) o Significant presence in our core geography o Offerin
Slide 19: Housing Loans
Housing Loans All Amounts in ₹ Crores Portfolio Outstanding 918 855 Retail Housing Loans Affordable Housing 785 716 677 o Significant presence in our core geography o Currently offering HL product from 63 locations, Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 significant headroom to expand within existing Di
Slide 20: CE & CV Loans
CE & CV Loans All Amounts in ₹ Crores Portfolio Outstanding 1,188 1,075 1,134 CV (New) CE (New) CV & CE (Used) 1,010 944 •83% of total •11% of total •7% of total portfolio portfolio portfolio o Lending primarily to small fleet operator segment Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 o Currently offering
Slide 21: Geographical Split of Other Retail Lending
Geographical Split of Other Retail Lending All Amounts in ₹ Crores Portfolio 5,104 5,539 6,162 6,849 7,747 Geographical Split of Other Retail Lending Portfolio Disbursements Presence 17% YoY Growth across 23 States / UTs 1,249 WEST 1,070 1,071 1,062 JHARKHAND BENGAL PUNJAB 3% 3% Other States 3% 13%
Slide 22: Wholesale Lending
Wholesale Lending All Amounts in ₹ Crores Portfolio Break up (Mar-20) Portfolio Break up (Mar-25) WSL Mar-25 Mar-24 Dec-24 Portfolio O/s ₹2,240 ₹1,882 ₹2,142 Business Started Business Business Share in Gross Loan Portfolio 11% 10% 11% Banking Group Banking in FY21 Banking Group 0% 40% Rating Wise WS
Slide 23: Deposits Build-up
Deposits Build-up Deposits grew by 23% YoY; Retail Term Deposits grew 33% YoY Expanded General Banking Franchise significantly Targeting top-100 deposits centres of the country Focus on building retail franchise 22
Slide 24: Deposits Trend & Composition
Deposits Trend & Composition All Amounts in ₹ Crores Deposits Trend CD ratio (excl. Deposits Composition refinance) at Deposits (23% YoY Growth) 78%** 21% 19% 20% 20% 22% CASA 94% 93% 93% 66% 67% 68% 70% 71% CASA + RTD 92% 25,000 87% 90% Institutional Term Deposits 80% 21,566 34% 33% 32% 30% 29% 20,
Slide 25: Deposits Trend & Composition (Contd.)
Deposits Trend & Composition (Contd.) All Amounts in ₹ Crores Geographically well diversified Deposits* mix Retail Term Deposits Tenure wise Break up 17.3% Mar-23 Mar-25 Uttar Pradesh Maharashtra 14.6% 3 Years and above 3 Years and above 7% 33% NCT of Delhi 12.3% Haryana 7.7% Uttarakhand 5.9% Bihar
Slide 26: Asset Quality Movement
Asset Quality Movement All Amounts in ₹ Crores PCR% 98.9% 91.0% 77.7% 61.1% 51.2% Mar-24 Dec-24 Mar-25 Gross NPA % 2.5% 6.2% 9.4% 1,854 Net NPA % 0.03% 2.50% 4.84% 1,177 SMA 1 & 2 % 905 5.6% 719 4.4% 4.0% 418 476 458 2.6% 160 1.9% 4 43 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Gross NPAs Net NPAs Mar'24 Ju
Slide 27: Micro-Banking – Asset Quality
Micro-Banking – Asset Quality Collection Efficiency (excl. Pre-Payments) Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 98% 96% 92% 88% 86% SMA 0 % 0.5% 1.8% 4.3% 3.2% 1.1% SMA 1 % 0.5% 1.2% 2.6% 3.1% 1.6% SMA 2 % 1.1% 1.2% 2.4% 3.8% 2.2% Total SMA % 2.1% 4.1% 9.3% 10.1% 5.0% NPA % 2.9% 3.1% 5.3% 9.7% 16.7% Q4'
Slide 28: Financial Performance
Financial Performance Results impacted due to market disruptions in MFI segment Secured assets growth and deposits build-up in line with expectations 27
Slide 29: Profit & Loss: For the quarter & year ended March 31, 2025
Profit & Loss: For the quarter & year ended March 31 , 2025 st All Amounts in ₹ Crores Particulars FY25 FY24 Y-o-Y Q4’FY25 Q4’FY24 Y-o-Y Q3’FY25 Q-o-Q INCOME Audited Audited Limited Review Total Interest Earned 3,765 3,178 18% 880 896 (2)% 932 (6)% Less : Interest Expense 1,742 1,293 35% 468 356 32%
Slide 30: Balance Sheet: As on March 31st, 2025
Balance Sheet: As on March 31st, 2025 All Amounts in ₹ Crores March 31st, March 31st, December 31st, Particulars Y-o-Y Q-o-Q 2025 2024 2024 CAPITAL & LIABILITIES Audited Limited Review Capital and Reserves 2,975 2,973 0% 2,965 0% Deposits 21,566 17,473 23% 20,172 7% Borrowings 2,355 1,995 18% 1,767
Slide 31: Extract from Notes to Accounts - Audited Statement of Financial Results
Extract from Notes to Accounts - Audited Statement of Financial Results for the quarter and year ended March 31, 2025 All Amounts in ₹ Crores Utilization of Floating Provision The Bank was carrying floating asset provision of ₹148.62 Cr as at year ended March 31, 2024 and ₹189.96 Cr as at quarter
Slide 32: Profitability Metrics
Profitability Metrics Operating Profit & PAT – Quarterly Trend (₹ in crores) YTD Operating Profit & PAT (₹ in crores) 282 311 276 234 997 1,007 160 185 137 51 3 498 24 (168) Q4' FY24 Q1' FY25 Q2' FY25 Q3' FY25 Q4' FY25 FY24 FY25 Operating Profit (PPoP) PAT Operating Profit (PPoP) PAT 19.0% / 7.8% /
Slide 33: Profitability Metrics (Contd.)
Profitability Metrics (Contd.) 2.2% 5.2% 56.4% / 12.6% 61.6% / 15.9% FY24 FY25 FY24 FY25 8.8% 68.4% 66.5% 57.3% 58.2% 54.1% 32.6% 4.3% 4.7% 2.7% 13.5% 1.7% 10.8% 10.4% 11.3% Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 Credit Cost Cost to Income Ratio Non-Interest income/Interest income Q4'FY24 Q1'FY25 Q
Slide 34: Cross-Cycle Return on Equity (RoE)
Cross-Cycle Return on Equity (RoE) Average: 13.0% 22.9% 20.5% 19.5% 10.1% 4.2% 0.8% FY20 FY21 FY22 FY23 FY24 FY25 33
Slide 35: Break-up of other income
Break-up of other income ₹ 121 crore ₹ 105 crore ₹294 crore* 15% 23% 28% 11% 6% 24% 42% 24% 68% 5% 29% 24% Q4'FY24 Q3'FY25 Q4'FY25 Loan Processing Fee PSLC Income Recovery from written off accounts General Banking & Other Income *Refer Slide 30 reflecting extract from Notes to Accounts 34
Slide 36: CRAR & Tier 1
CRAR & Tier 1 All Amounts in ₹ Crores Particulars Mar-25 Mar-24 Dec-24 Risk Weighted Assets 15,526 12,994 15,200 Total Capital 3,249 2,932 3,207 Tier-I Capital 2,776 2,722 2,727 Tier-II Capital 474 210 480 CRAR 20.93% 22.57% 21.10% Tier-I CRAR 17.88% 20.95% 17.94% Tier-II CRAR 3.05% 1.62% 3.16% 35
Slide 37: Shareholding Pattern
Shareholding Pattern Bank Shareholders as on March 31st, 2025 Top 10 Shareholders as on March 31st, 2025 Utkarsh CoreInvest Limited Mirae Asset (Mutual Funds) Olympus ACF Pte. Ltd. Foreign Aavishkaar Bharat Fund Companies, Individuals & responsAbility Participations Mauritius NRIs, 5.2% Bodies FPI,
Slide 38: Diversified & Experienced Board
Diversified & Experienced Board Board Members of the Bank Parveen Kumar Gupta Part Time Non-Executive Chairman & Independent Director • Certified Associate of the Indian Institute of Bankers • Previous associations with SBI as Managing Director & BoB as senior advisor • Other key associations - Non-
Slide 39: Leadership Complementing Bank’s Strengths
Leadership Complementing Bank’s Strengths Senior Management Team Govind Singh - Managing Director & Chief Executive Officer Pramod Kumar Dubey – Executive Director • Over 25 years of experience in the banking and financial services sector • Previously worked with ICICI Bank as the Head of and in par
Slide 40: Tech, ESG & CSR
Tech, ESG & CSR Technology Setup to support Physical Infrastructure and Digital Requirement Integrating ESG Sensitivities into our operations & decision- making Contributing to the well-being of the society 39
Slide 41: Technology Setup to support Physical Infrastructure and Digital Requirement
Technology Setup to support Physical Infrastructure and Digital Requirement P H Supporting extensive branch network of Y ISO 27001 Certification for IT operation 1,092 branches S I C Tab enabled feet-on-street for acquisition Micro ATM for Cash Withdrawal in Remote A and collections locations L D Ex
Slide 42: 360-Degree Transformation → Bank Future Growth Ready
360-DegreeTransformation → Bank Future Growth Ready Business and Diversified Better product Customers experience & Product offerings services Enhanced Shareh revenue Faster TAT olders Omnichannel Digital Journey streams Shareh olders experience Employees & Improved efficiency & Reporting Compliance
Slide 43: Environment, Social & Governance
Environment, Social & Governance Environment Social Governance Practice is aligned Committed to give • Exclusion List • Service to •Diversified Board with the national due consideration to • Training and Bottom of •Board E&S laws and environmental & awareness pyramid independence regulations and soc
Slide 44: Awards & Accolades
Awards & Accolades Credit Modeling & Risk Team of the Year Award at the India Credit Risk Summit & Awards 2024 Most Preferred Workplace Best Technology Talent at 19th 2023-24 (BFSI Edition) by Annual Banking Technology Marksmen Daily Conference, Expo & Citations 43
Slide 45: Awards & Accolades (Contd.)
Awards & Accolades (Contd.) Best Customer Experience Strategy by India Customer Excellence (CX) Summit & Awards 2023 Employee Excellence 2023 Most Trusted BFSI Brands by by the Times Group – ET Team Marksmen Daily – EDGE 2023-24 44
Slide 46: Utkarsh Welfare Foundation: CSR Initiatives
Utkarsh Welfare Foundation: CSR Initiatives SKILL & ENTERPRISE VILLAGE DEVELOPMENT OTHER PHILANTHROPIC FINANCIAL AWARENESS HEALTH INITIATIVES DEVELOPMENT PROGRAM PROGRAM & EDUCATION ACTIVITIES Initiatives Lives Impacted Lives Impacted Lives Impacted Blood Donation Camps, Lives Impacted 23,00,000+ 44
Slide 47: Utkarsh Welfare Foundation: CSR Initiatives (Contd.)
Utkarsh Welfare Foundation: CSR Initiatives (Contd.) Financial Awareness Health Camps E-Clinics Smart Classes Village Development Women Entrepreneurship Blood Donation Camps Health Awareness Program Learning Enhancement Agri-Input Support Weavers Support Program Support to Old Age Home Program 46
Slide 48: 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 49: Thank You
THANK YOU. ©) Utkarsh Small Finance Bank
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