Ujjivan Small Finance Bank Ltd. · NSE:UJJIVANSFB
Ujjivan Small Finance Bank — Q3 FY26 Earnings Presentation
50 slides from Ujjivan Small Finance Bank's earnings presentation, Jan 22, 2026
Slide 1: Exchange intimation letter for investor presentation
USFB/CS/SE/2025-26/122 Date: January 22, 2026 To, National Stock Exchange of India Limited BSE Limited Listing Department, Listing Compliance, Exchange Plaza, C -1, Block G, Bandra Kurla P.J. Tower, Complex, Bandra (E), Dalal Street, Fort, Mumbai-400 051 Mumbai-400 001 Symbol: UJJIVANSFB Scrip Code:
Slide 2: Q3FY26 Investor Presentation
Q3FY26 Investor Presentation
Slide 3: Disclaimer
Disclaimer • This presentation has been prepared by Ujjivan Small Finance Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by
Slide 4: Key Highlights
Key Highlights ▪ Total Deposit at ₹42,223 Cr up 22.4% YoY and 7.7% QoQ ▪ CASA Deposit at ₹11,535 Cr up 33.2% YoY and 7% QoQ; CASA% at 27.3% Deposits ▪ Retail* Deposit at ₹29,395 Cr, formed 69.6% of Total Deposit ▪ Cost of Funds dropped to 7.1% from 7.6% in Q3FY25 and 7.3% in Q2FY26 ▪ Highest ever Di
Slide 5: Key Business Highlights Q3FY26
Key Business Highlights Q3FY26 ₹ 37,057# Cr Total ₹ 42,223 Cr Gross Deposits Up 22% YoY Up 22% YoY Loan Book Dec’24: ₹30,466 Cr Dec’24: ₹34,494 Cr ₹ 17,825 Cr Secured Retail TD*+ ₹ 29,395* Cr Up 49% YoY Loan Book CASA Up 16% YoY Dec’24: ₹11,984 Cr Dec’24: ₹25,274 Cr 2.4% / 0.6% GNPA / Coll. Eff. 97.
Slide 6: Key Financial Highlights Q3FY26
Key Financial Highlights Q3FY26 Q3 YoY QoQ 9M YoY Q3FY26 Q3FY25 Q2FY26 9MFY26 9MFY25 Growth Growth Growth NII ₹1,000 Cr ₹887 Cr 12.8% ₹922 Cr 8.5% ₹2,778 Cr ₹2,772 Cr 0.2% NIM 8.2% 8.6% (38) bps 7.9% 33 bps 7.9% 9.0% (105) bps PPoP ₹440 Cr ₹359 Cr 22.5% ₹395 Cr 11.3% ₹1,196 Cr ₹1,329 Cr (10.1)% PAT
Slide 7: Well Diversified Pan India Presence
Well Diversified Pan India Presence Branches Dec’25 Gross Loan Book* (%) – Top 10 States States with branch network Micro Banking Non Micro Banking • 26 States and UTs Tamil Nadu 6.5% 6.6% 13.0% • 339 Districts Karnataka 6.3% 6.5% 12.8% • 777 Branches (197 URCs) West Bengal 7.6% 3.9% 11.6% 2 2 Mahar
Slide 8: Liabilities: Driving Retail Deposit Base
Liabilities: Driving Retail Deposit Base 7
Slide 9: Deposit Snapshot
Deposit Snapshot Total Liabilities Profile (₹ Crore) Bulk & Retail Deposit (₹ Crore) Retail Deposit Breakup (₹ Crore) 44,606 42,223 40,475 41,697 42,173 38,218 37,630 38,619 39,211 29,395 1,134 26,676 27,884 27,764 1,700 1,645 34,494 25,274 1,626 2,570 8,447 9,778 10,438 7,834 8,494 29,395 26,676 27
Slide 10: Well Diversified Deposit Mix
Well Diversified Deposit Mix Region Wise Deposit Mix Branch Classification Wise Deposit Mix Segment Wise Deposit Mix 3% 35% 16% 24% Dec’25 43% 18% 10% 27% 52% 39% 9% 20% 5% South North East West Metropolitan Rural Semi - Urban Urban Individual Bank Corporate Govt TASC 3% 19% 35% 17% 13% Dec’24 42% 3
Slide 11: Gross Loan Book: Well-Diversified Growth
Gross Loan Book: Well-Diversified Growth 10
Slide 12: Gross Loan Book And Disbursement
Gross Loan Book And Disbursement Segment Wise Gross Loan Book Segment Wise Disbursement Gross Loan % Gross % Gross % % Growth Growth Disbursement Growth Growth Particulars Book Loan Book Loan Book Particulars Disbursement Disbursement YoY QoQ (₹ Crore) YoY QoQ (₹ Crore) (Q3FY26) (Q3FY25) (Q3FY26) (Q
Slide 13: Book Yield And Average Ticket Size
Book Yield And Average Ticket Size Loan Book Yield (%) 22.2% 22.0% 22.2% 22.0% 22.0% 18.4% 18.0% 17.6% 17.5% 17.5% 12.1% 11.9% 12.0% 12.0% 11.8% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 *Micro Banking Overall ^Non Micro Banking *Micro Banking: consists of GL & IL / ^Non Micro Banking: consists of MM, AHL,
Slide 14: Drivers Of Secured Book Growth – Housing
Drivers Of Secured Book Growth – Housing Gross Loan Book Growth (₹ Crore) Disbursement (₹ Crore) Loan Book Yield (%) 50% YoY 41% YoY 19.5% 19.4% 19.4% 19.4% 19.2% 8,749 9,560 7,308 7,962 6,393 1,329 1,130 1,144 1,094 1,072 893 813 892 723 526 220 238 284 12.9% 12.8% 13.2% 13.2% 13.1% 8,231 150 199 7
Slide 15: Drivers Of Secured Book Growth – MSME
Drivers Of Secured Book Growth – MSME Gross Loan Book Growth (₹ Crore) Disbursement (₹ Crore) Business Highlights 69% YoY 37% YoY Loan Against Property (LAP): Vintage Business with mix of Semi- Formal and Formal MSMEs Products: Long Term LAP, LRD, DLOD 2,865 2,559 2,253 202 535 509 Working Capital (
Slide 16: Drivers Of Secured Book Growth – New Products
Drivers Of Secured Book Growth – New Products Vehicle Finance Gold Loan Agri Banking Business Performance Business Performance Business Performance ▪ Disbursement Run Rate Achieved: ₹91 Crore ▪ Disbursement Run Rate Achieved: ₹103 Crore ▪ Disbursement Run Rate Achieved: ₹42 Crore ▪ Book Yield: 19.8%
Slide 17: Asset Quality
5 Asset Quality UuJJIVAN UJJIVAN SMALL FINANCE BANK
Slide 18: Healthy Collections
Healthy Collections Collection Efficiency % 99.5% 99.5% 99.5% 99.5% 99.6% 99.6% 99.7% 99.2% 99.2% 99.3% 99.2% 99.4% 99.3% 99.0% 99.1% 98.0% 97.9% 97.1% 97.1% 97.2% 97.3% 97.3% 97.0% 96.7% 96.7% 97.0% 96.7% 96.5% 96.4% 96.5% 97.2% 96.9% 96.4% 96.3% 96.4% 96.2% 96.4% 96.4% 96.3% 95.8% 95.9% 95.9% 96.1
Slide 19: Provision Coverage
Provision Coverage Provision & PCR Q3FY26 Provision Breakup# 11 00 804 710 772 787 860 90 % 80% 78% 186 76% 80 % 90 0 73% 73% 21 130 30 70 % Total NPA 170 130 provision* 130 Floating 70 0 130 of ₹674 Cr Provision of 130 60 % ₹181 Cr 911 50 % 50 0 544 40 % 730 634 642 657 580 30 0 30 % GNPA Floating
Slide 20: Asset Quality
Asset Quality PAR 0, SMA & NPA (%) YTD NPA Movement # 156 5.36% 4.54% 4.81% 4.45% 3.98% 2.68% 844 505 2.52% 2.45% 2.36% 2.39% 2.68% 2.18% 2.29% 1.60% 1.99% 879 696 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Opening NPA Slippages Recoveries/ Write-Off Closing NPA PAR 0 SMA GNPA Upgrades Segment Wise PAR 0 an
Slide 21: GL And IL – PAR Trends And Top States
GL And IL – PAR Trends And Top 5 States GL PAR Trend IL PAR Trend 6.6% 6.1% 5.6% 5.7% 5.4% 5.4% 4.7% 4.7% 5.0% 4.8% 4.4% 4.5% 4.5% 4.1% 4.3% 4.4% 3.9% 4.1% 4.4% 3.8% 3.9% 3.5% 3.4% 3.8% 2.9% 3.2% 3.9% 2.7% 3.0% 2.4% 3.6% 3.7% 2.7% 2.9% 3.6% 3.5% 1.7% 2.0% 2.2% 2.3% Q3FY25 Q4 FY25 Q1FY26 Q2FY26 Q3FY2
Slide 22: Group Loan: Ujjivan Vs Industry Comparison: PAR 31-180
Group Loan: Ujjivan Vs Industry Comparison: PAR 31-180 Group Loan Tamil Nadu Karnataka West Bengal 8.6% 8.6% 12.8% 10.4% 6.7% 7.7% 6.1% 5.6% 4.3% 4.6% 6.6% 7.2% 3.4% 3.3% 3.4% 7.5% 4.5% 4.9% 3.9% 3.3% 3.9% 3.0% 2.6% 2.9% 2.8% 2.2% 1.9% 6.8% 6.6% Dec'24 Mar'25 Jun'25 Sep'25 Dec'24 Mar'25 Jun'25 Sep'2
Slide 23: Ujjivan Group Loan - Prudent Lending
Ujjivan Group Loan - Prudent Lending Lender wise GL Loan Book % Trend Disbursements To Borrowers With Internal Peak DPD Of 30+ In Preceding 6 Months Lender Overlap Dec’24 Mar’25 Jun’25 Sep’25 Dec’25 0.23% Unique to Ujjivan 46.3% 48.3% 49.7% 51.0% 54.7% Ujjivan+1 26.2% 27.2% 28.6% 30.0% 29.6% Ujjivan
Slide 24: Guidance FY26
Guidance FY26 Assets Deposits Ratios Advances Growth: In Line With Advances Cost to Income: ~20% Maintain CD Ratio: ~67% ~88% Credit Cost: Secured Book Growth: 2.3% - 2.4% of GLB CASA%: ~35% ~27% RoE: 10% - 12% RoA: 1.2% - 1.4% 23
Slide 25: Financial Overview
lol Financial Overview UJJIVA ussIvAl E BANK
Slide 26: Financial Overview
Financial Overview Cost to Income (%) & Operating NII (₹ Crore) & NIM* (%) Expenses/ Average Total Assets (%) Pre-Provision Operating Profit (₹ Crore) 70 % 8.0 % 6.8% 6.7% 47 0 3.4% 3.5 % 8.6% 68 % 6.3% 6.2% 6.3% 7.0 % 8.3% 9.0 % 7.9% 8.2% 3.4 % 950 8.5 % 42 0 7.7% 3.2% 3.2% 66 % 6.0 % 3.3 % 900 8.0
Slide 27: Financial Overview
Financial Overview EPS (₹) PAT (₹ Crore) & RoE (%) Net Worth (₹ Crore) 20 0 14 .0% 18 0 11.5% 12 .0% 16 0 10 .0% 14 0 7.2% 7.7% 12 0 6.7% 8.0 % 5.6% 0.96 186 10 0 6,519 6.0 % 80 122 0.63 6,323 109 0.56 60 103 0.53 6,191 4.0 % 83 0.43 6,083 5,996 40 2.0 % 20 0 0.0 % Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26
Slide 28: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ Crore) Q3FY26 Q3FY25 YoY Growth Q2FY26 QoQ Growth 9M-FY26 9M-FY25 YoY Growth Interest Earned 1,752 1,591 10% 1,682 4% 5,053 4,781 6% Other Income 295 172 72% 256 15% 801 577 39% Total Income 2,047 1,763 16% 1,939 6% 5,854 5,358 9% Interest Expended 751 704 7% 7
Slide 29: Total Income - Breakup
Total Income - Breakup Particulars (₹ Crore) Q3FY26 Q3FY25 YoY Growth Q2FY26 QoQ Growth 9M-FY26 9M-FY25 YoY Growth Interest on loan 1,548 1,382 12% 1,473 5% 4,419 4,166 6% Int. on investments 202 206 (2)% 207 (2)% 627 605 4% Securitization Income 2 3 (31)% 2 (8)% 7 10 (34)% Total Interest Earned 1,7
Slide 30: Balance Sheet
Balance Sheet As at As at As at Particulars (₹ Crore) Dec 31, 2024 Sep 30, 2025 Dec 31, 2025 CAPITAL AND LIABILITIES Net worth 5,996 6,323 6,519 Capital 1,935 1,937 1,938 Employees Stock Options Outstanding 86 93 98 Reserves and Surplus 3,975 4,293 4,483 Deposits 34,494 39,211 42,223 Borrowings 3,72
Slide 31: Healthy Capital Adequacy
Healthy Capital Adequacy (₹ Crore) Dec’24 Mar’25 Jun’25 Sep’25 Dec’25 Credit Risk Weighted Assets 25,108 26,240 26,691 29,076 29,638 Tier I Capital 5,548 5,610 5,654 5,782 5,967 Tier II Capital* 453 451 423 429 440 Total Capital 6,001 6,062 6,077 6,211 6,407 CRAR 23.90% 23.10% 22.77% 21.36% 21.62% T
Slide 32: Ujjivan – Platform For Growth
Ujjivan – Platform For Growth 31
Slide 33: Serving Customers Through Multiple Channels
Serving Customers Through Multiple Channels Retail Mobile / Internet Banking Business Internet Banking Phone / Video Banking SMS & Missed Call Banking • PBU offers services in 13 languages • Available in 9 Languages (including English) • Dedicated platform for Corporate through Human interaction and
Slide 34: Strong IT Infrastructure
Strong IT Infrastructure Financial Inclusion Loan Originating System (LOS) • Delivering solutions through Branches and • For field engagement using Mobile Apps Assisted Channels ILOS, GLOW, HHD, Digital • LOS for Vehicle, Gold, Agri, Housing, Working Repayments options Capital Loans Robust Infrastru
Slide 35: Data Analytics
Data Analytics Data Asset Cross/Up-Sell(ML Based), Balance Build-Up Outcomes NTB Acquisition ML powered business intelligence Unlock business contribution by activating all to nudge customers for balance verticals, utilizing phone banking & digital 1 2 build-up channels 99.6 Lac+ Key metrics: Produc
Slide 36: Strong Independent Board
Strong Independent Board Banavar Anantharamaiah Prabhakar Sanjeev Nautiyal Sudha Suresh Chairman and Independent Director MD & Chief Executive Officer Independent Director Education:Commerce graduate, University of Education: BA (Lucknow University), MBA Education: B.Com (Honors) C.A., Grad ICWA, My
Slide 37: Key Management
Key Management Sanjeev Nautiyal Carol Furtado Martin Pampilly S MD & Chief Executive Officer Executive Director Chief Operating Officer Education: BA (Lucknow University), MBA Education: B. Sc (Bangalore University), PGDM Education: COO Certified – IIM Lucknow (Lucknow University) (Mount Carmel Inst
Slide 38: Business Leaders
Business Leaders Rajeev Padmanabh Pawar Hitendra Nath Jha Umesh Arora Head of Treasury Head Retail Liabilities, TASC & TPP Head of Emerging Business Education: Master of Business Administration Education: Bachelor of Science, Bachelor of Education: Post Graduate IIM Kozhikode Experience: Growmore Re
Slide 39: Capital Efficient Growth Model – Poised For Sustainable ROA/ROE Delivery
Capital Efficient Growth Model – Poised For Sustainable ROA/ROE Delivery Balance Sheet Asset Quality & Net Interest Margins (%) Cost to Income (%) Return Profile (%) (Deposits & Advances) Credit Costs • Balance Sheet size at • NIM around 8.2% for • GNPA at 2.4% in ₹52,299 Cr as of Q3FY26 Q3FY26, led
Slide 40: Shareholding Pattern As On Dec’25
Shareholding Pattern As On Dec’25 Top 10 Investors Franklin Mutual Fund 28.7% International Financial Corporation 15.5% Bandhan Mutual Fund Sundaram Mutual Fund Vanguard Bajaj Finserv Mutual Fund 55.9% Axis Mutual Fund JM Financial Mutual Fund Foreign Institutional Investors (FII & FDI) Canara Robec
Slide 41: Annexures
B Annexures UJJIVA ussIvAl E BANK
Slide 42: ESG At Our Core
ESG At Our Core Environment Scope 1 & 2 ~14,192 KWh Water Intensity/ Waste Intensity/ Paper Saving Scope 3 Emissions Emission Solar Energy Crore Turnover: Crore Turnover through Digitalisation Intensity/Crore Intensity/Crore generated & used 21.62 (KL) 0.0086 (tCO2e) 31.6 (Million Copies) Turnover:
Slide 43: ESG Rating
ESG Rating 80/100 Poor Weak Moderate Good Outstanding 0 20 40 60 80 100 Ujjivan Small Finance Bank Limited Previous Score Current Score Rating Symbol Rating Movement ESG Impact Rating - 80 Outstanding - Environment Social Governance 76 40 60 40 60 40 60 20 80 20 80 84 20 80 83 0 100 0 100 0 Good Out
Slide 44: Ujjivan’s Journey
Ujjivan’s Journey 2016- 2023- 17 24 GLB ₹32,122 Crore Ujjivan Financial Services Ujjivan SFB IPO launched; listed in Dec 2019 Reported highest ever PAT Ltd. (UFSL) registered as In-principle SFB approval Deposits ₹37,630 Crore ₹1,281 Crore NBFC with RBI in 2015 CASA 25.5% Deposits crossed ₹10,000 RO
Slide 45: 5 Year Annual Trend
itil 5 Year Annual Trend UuJJIVAN UJJIVAN SMALL FINANCE BANK
Slide 46: Performance Track Record (1/4)
Performance Track Record (1/4) Total Deposits (₹ Crore) Retail Deposits(₹ Crore) CASA Breakup (₹ Crore) 30% 44% 37% 9,612 8,335 6,744 26,676 4,993 37,630 8,494 22,085 31,462 7,566 16,862 25,538 6,159 2,699 4,488 18,292 9,921 2,257 13,136 6,242 442 504 585 768 1,118 FY21 FY22 FY23 FY24 FY25 FY21 FY22
Slide 47: Performance Track Record (2/4)
Performance Track Record (2/4) Gross Loan Book (₹ Crore) Disbursement (₹ Crore) 21% 29% 32,122 29,780 23,464 23,389 20,037 24,085 18,162 14,113 15,140 8,397 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Branch Network (Nos) Employees (Nos) Asset Customer^ (Nos Lakh) 5% 24,374 22,566 753 752 49.0
Slide 48: Performance Track Record (3/4)
Performance Track Record (3/4) Margin (%) Operating Efficiency (%) Asset Quality (%) 7.1% 7.1% 9.5% 8.8% 9.5% 9.1% 8.8% 6.8% 80 % 6.3% 6.3% 6.2% 6.3% 7.0 % 70 % 6.0 % 2.9% 60 % 7.3% 7.3% 7.5% 50 % 5.0 % 2.6% 2.2% 2.2% 6.2% 6.4% 70% 62% 61% 40 % 4.0 % 55% 54% 0.6% 30 % 0.3% 3.0 % 20 % 10 % 2.0 % 0.04
Slide 49: Performance Track Record (4/4)
Performance Track Record (4/4) Net Worth (₹ Crore) BVPS (₹) Cross Cycle RoA (%) Average ROA: 1.4% 31.4 6,084 3.9% 29.1 5,613 3.5% 4,209 20.5 17.5 3,219 15.1 1.6% 2,802 0.04% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 -1.9% COVID-19 Effect CRAR (%) EPS (₹) Cross Cycle
Slide 50: Thank You
THANK YOU For Investor Queries: investorrelations@ujjivan.com siddharth.bharadwaj@ujjivan.com gaurav.sah@ujjivan.com 49
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