Utkarsh Small Finance Bank Limited · NSE:UTKARSHBNK
Utkarsh Small Finance Bank — Q1 FY2026 Earnings Presentation
48 slides from Utkarsh Small Finance Bank's earnings presentation, Aug 2, 2025
Slide 1: Regulation 30 Investor Presentation Covering Letter
August 02, 2025 BSE Limited National Stock Exchange of India Limited Scrip Code: 543942, 975790, 959644, Symbol: UTKARSHBNK 958226, 976203 Dear Sir/Madam, Sub: Investor Presentation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regula
Slide 2: Investor Presentation Q1 FY26
Slide 3: Key Highlights Q1'FY26 – Assets & Liabilities
Key Highlights Q1’FY26 – Assets & Liabilities June 30, June 30, Change March 31, Change Particulars 2025 2024 YoY 2025 QoQ (Amount in ₹ Crore) (Limited Review) % (Audited) % Gross Loan Portfolio* 19,224 18,798 2.3% 19,666 (2.2)% JLG (incl. BC JLG) Loan Portfolio* 8,578 11,160 (23.1%) 9,207 (6.8)% No
Slide 4: Key Highlights Q1'FY26
Key Highlights Q1’FY26 ₹19,224 cr. vs. ₹21,489 cr. vs. Loss ₹239 cr. vs. ₹2,739 cr. vs. 1,099 vs. [916] 11.4% vs. [2.8%] [₹18,798 cr.] [₹18,163 cr.] Profit [₹137 cr.] [₹3,119 cr.] Banking Outlets Gross NPAs Gross Loan Deposits Profit After Tax Capital + Reserves Portfolio ₹92 cr. vs. [₹311 cr.] 2.3%
Slide 5: Journey and Franchise, Portfolio, Deposits, Financial Performance
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 47% Other Retail Loans 42% Joint Liability Business MSME Loans Housing Group Loans Loans (Retail Assets) Loans Asset 42% 5% produ
Slide 9: Diversified distribution network
Diversified distribution network Extensive physical network of Banking Outlets (Jun’25) Potential for Retail Assets within existing Branches (Jun’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 275 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 2.3% 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 prod
Slide 12: Loan Portfolio Build-up
Loan Portfolio Build-up All Amounts in ₹ Crores Product CAGR% Loan Book (Mar-20) (FY20-Q1’FY26) Joint Liability Group Loans (JLG)* 7% Wholesale Housing Retail Lending Loans Micro-Banking Business Loans (MBBL) 126% Loans 5% 1% Others* Other Retail Loans** 70% (MSME) 2% 19,666 19,224 4% JLG* 18,299 MB
Slide 13: Micro-Banking Lending
Micro-Banking Lending 12
Slide 14: Micro-Banking Lending
Micro-Banking Lending All Amounts in ₹ Crores Portfolio Outstanding 11,387 10,889 10,066 9,679 9,079 Q1’FY26 JLG MBBL MBBL 715 764 Customer Base >26 Lakh >1 lakh penetration 812 918 level >4%, 916 10% significant Portfolio ₹8,163 Crore ₹909 Crore potential to 10,672 grow 10,125 9,255 Average Ticket
Slide 15: Joint Liability Group (JLG) Lending
Joint Liability Group (JLG) Lending All Amounts in ₹ Crores Portfolio 10,672 10,125 9,255 8,761 8,163 Geographical Split of JLG Portfolio Disbursements Madhya Maharashtra Pradesh 2,260 Other States Odisha 4% 3% 6% 8% Presence across 13 1,540 Jharkhand States / UTs 1,296 1,340 8% 1,088 Uttar Pradesh
Slide 16: Micro-Banking Business Loans
Micro-Banking Business Loans All Amounts in ₹ Crores Portfolio 706 754 801 910 909 Geographical Split of Portfolio Disbursements MADHYA MAHARASHTRA UTTARAKHAND 10% YoY Growth PRADESH 3% 1% 4% ODISHA 260 4% HIMACHAL PRADESH 0% JHARKHAND 175 5% 163 153 138 UTTAR PRADESH BIHAR 34% 50% Q1,FY25 Q2,FY25 Q
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 4,001 3,453 3,128 2,745 Secured Unsecured Micro LAP / Business Loans Business Loan Overdraft (LAP) Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Disbursements (11% YoY Growth) o Significant presence in our core geography o Offerin
Slide 19: Housing Loans
Housing Loans All Amounts in ₹ Crores Portfolio Outstanding 929 Retail Housing Loans Affordable Housing 918 855 785 716 o Significant presence in our core geography o Currently offering HL product from 63 locations, significant headroom to expand within existing Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 br
Slide 20: CE & CV Loans
CE & CV Loans All Amounts in ₹ Crores Portfolio Outstanding 17% YoY Growth 1,188 CV (New) CE (New) CV & CE (Used) 1,179 1,134 •81% of total •11% of total •8% of total portfolio portfolio portfolio 1,075 1,010 o Lending primarily to small fleet operator segment Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 o Cu
Slide 21: Geographical Split of Other Retail Lending
Geographical Split of Other Retail Lending All Amounts in ₹ Crores Portfolio 5,539 6,162 6,849 7,747 7,957 Geographical Split of Other Retail Lending Portfolio Disbursements Presence 6% YoY Growth across 26 States / UTs 1,071 1,249 WEST 1,062 JHARKHAND BENGAL PUNJAB 3% Other States 3% 3% 13% TELANGA
Slide 22: Wholesale Lending
Wholesale Lending All Amounts in ₹ Crores Portfolio Break up (Mar-20) Portfolio Break up (Jun-25) WSL Jun-25 Jun-24 Mar-25 Portfolio O/s ₹2,188 ₹1,872 ₹2,240 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 18% YoY; Retail Term Deposits grew 34% 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 (18% YoY Growth) 76%** 19% 20% 20% 22% 20% CASA 93% 93% 67% 68% 70% 71% 74% CASA + RTD 92% 25,000 87% 83% 90% 26% Institutional Term Deposits 80% 21,566 21,489 33% 32% 30%
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 17.2% Mar-23 Jun-25 Uttar Pradesh Maharashtra 12.2% 3 Years and above 3 Years and above 7% 34% NCT of Delhi 12.0% Haryana 8.2% Uttarakhand 6.0% West B
Slide 26: Asset Quality Movement
Asset Quality Movement All Amounts in ₹ Crores PCR% 91.0% 77.7% 61.1% 51.2% 59.2% Jun-24 Mar-25 Jun-25 Gross NPA % 2.8% 9.4% 11.4% 2,196 Net NPA % 0.3% 4.8% 5.0% 1,854 SMA 1 & 2 % 1,177 5.6% 905 897 719 4.4% 4.0% 4.1% 476 458 160 2.6% 43 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Gross NPAs Net NPAs Jun'24
Slide 27: Micro-Banking – Asset Quality
Micro-Banking – Asset Quality Collection Efficiency (excl. Pre-Payments) Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 96% 92% 88% 86% 82% SMA 0 % 1.8% 4.3% 3.2% 1.1% 1.9% SMA 1 % 1.2% 2.6% 3.1% 1.6% 1.5% SMA 2 % 1.2% 2.4% 3.8% 2.2% 1.7% Total SMA % 4.1% 9.3% 10.1% 5.0% 5.1% NPA % 3.1% 5.3% 9.7% 16.7% 20.8% Q1
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 ended June 30, 2025
Profit & Loss: For the quarter ended June 30 , 2025 th All Amounts in ₹ Crores Particulars Q1’FY26 Q1’FY25 Y-o-Y Q4’FY25 Q-o-Q FY25 INCOME Limited Review Audited Audited Total Interest Earned 881 966 (9)% 880 0% 3,765 Less : Interest Expense 479 393 22% 468 2% 1,742 Net Interest Income 402 573 (30)%
Slide 30: Balance Sheet: As on June 30, 2025
Balance Sheet: As on June 30th, 2025 All Amounts in ₹ Crores June 30th, June 30th, March 31st, Particulars Y-o-Y Q-o-Q 2025 2024 2025 CAPITAL & LIABILITIES Limited Review Audited Capital and Reserves 2,739 3,119 (12)% 2,975 (8)% Deposits 21,489 18,163 18% 21,566 0% Borrowings 2,210 2,113 5% 2,355 (6
Slide 31: Profitability Metrics
Profitability Metrics Operating Profit & PAT – Quarterly Trend (₹ in crores) Annual Operating Profit & PAT (₹ in crores) 311 276 997 1,007 234 185 137 92 51 498 3 24 (168) (239) Q1' FY25 Q2' FY25 Q3' FY25 Q4' FY25 Q1' FY26 FY24 FY25 Operating Profit (PPoP) PAT Operating Profit (PPoP) PAT 19.4% 18.1%
Slide 32: Profitability Metrics (Contd.)
Profitability Metrics (Contd.) 83.0% 8.8% 8.5% 68.4% 66.5% 58.2% 54.1% 4.3% 4.7% 32.6% 2.7% 15.6% 10.8% 10.4% 11.3% Credit Cost Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 Q1'FY26 Cost to Income Ratio Non-Interest income/Interest income Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 Q1'FY26 9.8% 9.3% 8.3% 5.2% 8.0% 8.0% 4.3%
Slide 33: Cross-Cycle Return on Equity (RoE)
Cross-Cycle Return on Equity (RoE) Average: 6.3% 22.9% 20.5% 19.5% 10.1% 4.2% 0.8% (33.8)% FY20 FY21 FY22 FY23 FY24 FY25 Q1'FY26 32
Slide 34: Break-up of other income
Break-up of other income ₹ 105 crore ₹ 287 crore ₹138 crore 15% 24% 11% 40% 13% 6% 10% 38% 68% 34% 26% 17% Q1'FY25 Q4'FY25 Q1'FY26 Loan Processing Fee PSLC Income Recovery from written off accounts General Banking & Other Income 33
Slide 35: CRAR & Tier 1
CRAR & Tier 1 All Amounts in ₹ Crores Particulars Jun-25 Jun-24 Mar-25 Risk Weighted Assets 14,757 13,358 15,526 Total Capital 2,898 3,096 3,249 Tier-I Capital 2,466 2,724 2,776 Tier-II Capital 431 373 474 CRAR 19.64% 23.18% 20.93% Tier-I CRAR 16.71% 20.39% 17.88% Tier-II CRAR 2.92% 2.79% 3.05% 34
Slide 36: Shareholding Pattern
Shareholding Pattern Bank Shareholders as on June 30th, 2025 Top 10 Shareholders as on June 30th, 2025 Utkarsh CoreInvest Limited Olympus ACF Pte. Ltd. Aavishkaar Bharat Fund Foreign responsAbility Participations Mauritius Individuals & Companies, Others, NRIs, 5.3% Bodies Massachusetts Institute of
Slide 37: Diversified & Experienced Board
Diversified & Experienced Board Board Members of the Bank Dr. Kshatrapati Shivaji Parveen Kumar Gupta Part Time Chairman & Independent Director (w.e.f. July 01, 2025) Independent Director (Part Time Non-Executive Chairman till June 30,2025) • IAS (Retd.); experienced in Banking, Economics, Finance,
Slide 38: 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 Operations
Slide 39: 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 38
Slide 40: 360-Degree Transformation → Bank Future Growth Ready
360-DegreeTransformation → Bank Future Growth Ready Driving Sustainable Business Growth in the Modern World Automation / 5x improvement via ML based Smart Efficiency RPA Innovation Scrubbing & Voice- Based Workflows Shareh Process re-engineering olders (Retail and Micro Geo Tagging facility Shareh G
Slide 41: Strengthening Technology Ecosystem to be Future Ready
Strengthening Technology Ecosystem to be Future Ready Revamp of Old Transformation Technology Stack Scalability Cloud Adoption New Core Banking Microservices Datacenter AML/ALM/Treasury (Finacle) Shareh Enablement Modernization Implementation Implementation olders Shareh olders Driving Sustainable B
Slide 42: 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 43: Awards & Accolades
Awards & Accolades Credit Modeling & Risk Team of the Year Award at the India Credit Risk Summit & Awards 2024 Cyber Security Team of the Best Technology Talent at 19th Year at the 4th IBA CISO Annual Banking Technology Summit & Citations 2025 Conference, Expo & Citations 42
Slide 44: Awards & Accolades (Contd.)
Awards & Accolades (Contd.) Best Customer Experience Strategy by India Customer Excellence (CX) Summit & Awards 2023 Most Preferred Workplace Most Trusted BFSI Brands by 2023-24 (BFSI Edition) by Team Marksmen Daily – Marksmen Daily 2023-24 43
Slide 45: 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 24,80,000+ 44
Slide 46: 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 45
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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