Ujjivan Small Finance Bank Ltd. · NSE:UJJIVANSFB
Ujjivan Small Finance Bank — Q1 FY26 Earnings Presentation
60 slides from Ujjivan Small Finance Bank's earnings presentation, Jul 24, 2025
Slide 1: Cover letter to stock exchanges
USFB/CS/SE/2025-26/51 Date: July 24, 2025 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: 542
Slide 2: Q1FY26 Investor Presentation
Q1FY26 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 – Q1FY26
KEY HIGHLIGHTS – Q1FY26 Gross Loan Book Secured Loan Book GNPA / NNPA ₹ 33,287 Cr ₹ 15,162 Cr 2.5% / 0.7% Up 11% YoY Up 61% YoY Up 19 bps /Up 32 bps YoY Jun’24: ₹30,069 Cr Jun’24: ₹9,417 Cr Jun’24: 2.3% / 0.4% Total Deposits Retail TD*+ CASA Collection Efficiency ₹ 38,619 Cr ₹ 27,883* Cr 96.0% Up 19
Slide 5: Key Financial Highlights Q1FY26 - QoQ
KEY FINANCIAL HIGHLIGHTS Q1FY26 - QOQ Q1FY26 vs Q4FY25 NII ₹856 Cr Down 1% Vs ₹864 Cr NIM 7.7% Down 60 bps Vs 8.3% PPoP ₹360 Cr Flat Vs ₹360 Cr PAT ₹103 Cr Up 24% Vs ₹83 Cr RoA 0.8% Up 12 bps Vs 0.7% RoE 6.7% Up 114 bps Vs 5.6% 4
Slide 6: Key Financial Highlights Q1FY26 - YoY
KEY FINANCIAL HIGHLIGHTS Q1FY26 - YOY Q1FY26 vs Q1FY25 NII ₹856 Cr Down 9% Vs ₹941 Cr NIM 7.7% Down 157 bps Vs 9.3% PPoP ₹360 Cr Down 29% Vs ₹510 Cr PAT ₹103 Cr Down 66% Vs ₹301 Cr RoA 0.8% Down 207 bps Vs 2.9% RoE 6.7% Down 1,418 bps Vs 20.9% 5
Slide 7: Key Highlights
KEY HIGHLIGHTS ❖ Asset Book: ❖ Strongest ever Q1 disbursement, driving loan book growth of 11% YoY and 4% QoQ ❖ Secured business grew 63% YoY, Secured portfolio now forms 46% of the loan book ❖ Micro Banking disbursement has remained steady in line Q4FY25, despite Q1 being a cyclically softer quarte
Slide 8: Well Diversified Pan India Presence
WELL DIVERSIFIED PAN INDIA PRESENCE • 26 states and UTs (190 URCs) Jun’25 Gross Loan Book* (%) – Top 10 States • 752 Banking Outlets (BO) Micro Banking Non Micro Banking • 326 districts Tamil Nadu 49% 13.7% 51% • 613 ATMs # CH:2 • 8K+ Electronic Collection Retail Karnataka 51% 49% 12.8% 2 Points (EC
Slide 9: Liabilities: Driving Retail Deposit Base
Liabilities: Driving Retail Deposit Base
Slide 10: Healthy Deposit Growth
HEALTHY DEPOSIT GROWTH Total liabilities profile (₹ in Crore) Deposits break-up (₹ in Crore) CASA break-up (₹ in Crore) Refinance Deposits *Others Bulk TD Retail TD CASA CD SA CA 40,475 41,697 37,630 38,619 8,334 9,612 9,381 34,871 1,626 1,700 32,514 299 379 1,118 934 992 124 9,612 9,381 750 8,334 3
Slide 11: Well-Diversified Deposit Mix
WELL-DIVERSIFIED DEPOSIT MIX Region-wise deposit mix Branch classification wise deposit mix Segment wise deposit mix 5% 18% 23% 29% Jun’25 40% 41% 18% 10% 56% 6% 35% 16% 3% South North East West Metropolitan Rural Semi Urban Urban Bank Corporate Govt Individual TASC 4% 18% 19% 30% 38% Jun’24 42% 17%
Slide 12: Assets: Well-diversified Growth
Assets: Well-diversified Growth
Slide 13: Gross Loan Book and Disbursement Trend
GROSS LOAN BOOK AND DISBURSEMENT TREND Gross Loan Book (₹ in Crore) Secured Book Contribution in Disbursement (₹ in Crore) 33,287 7,440 30,466 32,122 6,539 30,069 30,344 5,286 5,362 46% 5,376 31% 35% 39% 44% 46% Secured 41% 2,681 27% 38% 45% Unsecured 69% 65% 61% 56% 54% 73% 54% 59% 3,858 62% 55% Ju
Slide 14: Gross Advances Growing Steadily
GROSS ADVANCES GROWING STEADILY % Gross % Gross Growth Growth Gross Loan Book – Segment Wise (₹ in Crore) Product Loan Book Loan Book YoY QoQ (Q1FY26) (Q1FY25) MGL IL Housing Micro Mortgage MSME FIG Vehicle Loan Gold Loan Group Loans 39% 52% (18)% (1)% Agri Banking ^Others 33,287 Individual Loans 16
Slide 15: Diversified Disbursement
DIVERSIFIED DISBURSEMENT % Disbursement % Disbursement Growth Growth Quarterly Segment Wise Disbursement (₹ in Crore) Product (Q1FY26) (Q1FY25) YoY QoQ MGL IL Housing Micro Mortgage Group Loans 43% 56% (4)% 2% MSME FIG Vehicle Loan Gold Loan Agri Banking ^Others Individual Loans 17% 18% 16% (8)% 7,4
Slide 16: Yield and Average Ticket Size
YIELD AND AVERAGE TICKET SIZE Quarterly Portfolio Yield (%) – Segment wise 22.4% 22.3% 22.2% 19.2% 22.0% 22.0% 19.0% 18.3% 17.9% 17.6% 12.2% 12.2% 11.9% 12.0% 11.8% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Note: Calculation of yield for Q1FY25 is done on month end average basis and rest on daily average b
Slide 17: Drivers of Secured Book Growth – Housing
DRIVERS OF SECURED BOOK GROWTH –HOUSING Business Highlights Gross Loan Book Growth (₹ in Crore) PAN INDIA Presence: 576 Branches| 23 States |16 Retail Asset Centres AHL MM Customer Segmentation: Self Employed (49%) & Salaried (51%) 7,962 7,308 Self Occupied Residential Property: 94% 5,783 6,393 893
Slide 18: Drivers of Secured Book Growth – MSME
DRIVERS OF SECURED BOOK GROWTH – MSME Dedicated lines of business offering full stack financial services to MSMEs Gross Loan Book Growth (₹ in Crore) LAP WC SCF Loan Against Property (LAP): Vintage Business with mix of Semi-formal and Formal MSMEs Products: Long Term LAP, LRD, DLOD 2,046 2,253 Worki
Slide 19: Drivers of Secured Book Growth – New Products
DRIVERS OF SECURED BOOK GROWTH – NEW PRODUCTS Vehicle Finance Target Segment: Focus on Tier II and Gold Loan Agri Banking Business Performance Business Performance Business Performance • Disbursement Runrate Achieved: ₹52.5 Crore • Disbursement Runrate Achieved: ₹55.2 Crore • Disbursement Runrate Ac
Slide 20: Asset Quality
Asset Quality
Slide 21: Healthy Collections Despite Stress
HEALTHY COLLECTIONS DESPITE STRESS Coll. Eff.% (Upto 1 EMI) Coll. Eff.% (Upto 1 EMI+OD) Cashless MB collections 42% 97.9% 97.8% 97.1% 97.0% 97.0% 97.1% 97.0% 40% 97.4% 96.7% 96.7% 96.7% 97.2% 96.5% 96.4% 96.5% 39% 39% 96.5% 96.4% 96.4% 96.3% 96.4% 38% 95.9% 96.1% 96.0% 95.8% 95.9% 95.9% Jun'24 Jul'2
Slide 22: Collection Efficiency
COLLECTION EFFICIENCY Collection Efficiency for Top 5 Vertical Comprising 94% of Gross Loan Book ₹ Crore Apr’25 May’25 Jun’25 Upto 1 Upto 1 CE% (Incl Upto 1 Upto 1 CE% (Incl Upto 1 Upto 1 CE% (Incl Verticals Due CE% Due CE% Due CE% EMI EMI + OD OD Coll) EMI EMI + OD OD Coll) EMI EMI + OD OD Coll) Gr
Slide 23: Asset Quality
ASSET QUALITY PAR, SMA & NPA (%) PAR SMA GNPA 5.36% 5.08% 4.81% 4.54% 4.25% 2.59% 2.68% 2.52% 2.33% 2.36% 2.68% 2.51% 2.29% 1.92% 2.18% Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 PAR 0 and GNPA (segment wise) YTD NPA Movement Table# PAR 0 GNPA 9.1% 47 345 159 6.1% 5.3% 4.8% 4.7% 3.7% 3.7% 2.5% 834 2.2% 696
Slide 24: Healthy Provision Coverage
HEALTHY PROVISION COVERAGE Std+NPA Provision Floating PCR% CGFMU cover for Q4FY25: ₹649 Crore | As of Mar’25 : ₹ 1,220 Crore 1,150 84% Accelerated Provision as of Jun’25: ₹ 23 Crore 80% NNPA as of Jun’25 at 0.7% 78% 78% 80% 73% 950 804 775 70% 741 743 750 710 170 130 120 120 130 Total NPA provision*
Slide 25: Group Loans: Lender Wise Trend
GROUP LOANS: LENDER WISE TREND Lender wise OSB % trend Lender wise PAR % trend Lender Overlap Sep’24 Dec’24 Mar’25 May’25 Lender Overlap Sep’24 Dec’24 Mar’25 May'25 Unique to Ujjivan 45.0% 46.3% 48.3% 49.1% Unique to Ujjivan 3.7% 3.5% 2.9% 3.1% Ujjivan+1 25.6% 26.2% 27.2% 28.2% Ujjivan+1 4.6% 5.2% 4
Slide 26: GL and IL - PAR Trends and Top States
GL AND IL - PAR TRENDS AND TOP 5 STATES GL PAR Trend Group Loan Portfolio – Top States PAR 0+ PAR 30+ PAR 60+ PAR 90+ % of Loan Top States PAR 0+ PAR 30+ PAR 90+ Book 6.6% 6.1% West Bengal 15.1% 4.7% 4.1% 2.9% 5.5% 5.6% 5.7% 5.4% Karnataka 12.7% 9.7% 8.7% 5.9% 4.1% 4.4% 4.5% 5.0% 4.4% Tamil Nadu 12.
Slide 27: 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 10.4% 6.7% 6.8% 6.4% 6.1% 4.4% 3.4% 3.3% 4.6% 6.6% 2.9% 4.9% 4.5% 2.1% 4.4% 3.5% 2.1% 1.4% 2.9% 2.6% 1.1% 2.6% 2.8% 2.8% 0.8% 1.3% 1.0% 1.7% 3.5% 3.7% Jun'24 Sept'24 Dec'24 Mar'25 Jun'24 Sept'24 Dec'24
Slide 28: Group Loan: Ujjivan vs Industry Performance
GROUP LOAN: UJJIVAN VS INDUSTRY PERFORMANCE PAR 31 to 180 Trend (%) Jun'24 Sept'24 Dec'24 Mar'25 8.6% 8.6% 6.7% 6.6% 6.5% 6.8% 6.4% 6.0% 5.6% 4.6% 4.6% 4.2% 4.4% 3.5% 3.7% 2.5% 2.7% 2.8% 2.8% 1.7% Ujjivan NBFC MFIs SFBs Banks and Others Industry • Ujjivan’s asset quality is better than Industry; Ujj
Slide 29: Rejection Trend – Micro Banking
REJECTION TREND – MICRO BANKING GL Login Rejection Trend 47.7% 47.6% 47.4% 46.6% 46.1% 44.8% 44.5% 44.2% 43.9% 43.5% 42.7% 43.1% 42.3% KA and TN Stringent Guardrail 1.0 policy norms; Guardrail 2.0 for all customers Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 J
Slide 30: Guidance FY26
GUIDANCE FY26 Asset Deposit Ratio Cost to Income: ~ 67% Advances growth ~20% In line with advances Maintain CD ratio ~ 88% Credit Cost: 2.3% - 2.4% Secured Book Growth ~35% CASA% ~ 27% RoE: 10% - 12% RoA: 1.2% - 1.4% 29
Slide 31: Financial Overview
Financial Overview
Slide 32: Financial Overview
FINANCIAL OVERVIEW Cost to Income Ratio & Operating NII (₹ in Crore) & NIM* Pre-Provision Operating Profit Expenses/ Average Assets (%) 9.3% 9.2% 80% 8.0% 6.8% 650 970 9.5% 8.6% 6.1% 6.4% 6.3% 6.2% 7.0% 4.9% 8.3% 9.0% 70% 4.3% 550 5.0% 920 8.5% 6.0% 7.7% 60% 450 8.0% 3.2% 3.1% 4.0% 3.0% 870 5.0% 7.5
Slide 33: Income Statement
INCOME STATEMENT Particulars (₹ in Crore) Q1FY26 Q1FY25 YoY Growth Q4FY25 QoQ Growth Interest Earned 1,619 1,577 3% 1,573 3% Other Income 249 197 26% 270 (8)% Total Income 1,868 1,774 5% 1,843 1% Interest Expended 763 636 20% 709 8% Personnel Expenses 414 348 19% 426 (3)% Operating Expenses 331 281
Slide 34: Total Income - Breakup
TOTAL INCOME - BREAKUP Particulars (₹ in Crore) Q1FY26 Q1FY25 YoY Growth Q4FY25 QoQ Growth Interest on loan 1,399 1,379 1% 1,360 3% Int. on investments 218 195 11% 211 3% Securitization Income 2 3 (23)% 3 (12)% Total Interest Earned 1,619 1,577 3% 1,573 3% Processing Fees 77 69 11% 93 (17)% PSLC Inc
Slide 35: Balance Sheet
BALANCE SHEET As at As at As at Particulars (₹ in Crore) Jun 30, 2025 Mar 31, 2025 Jun 30, 2024 CAPITAL AND LIABILITIES Net worth 6,191 6,083 5,927 Capital 1,935 1,935 1,933 Employees Stock Options Outstanding 93 90 77 Reserves and Surplus 4,163 4,059 3,918 Deposits 38,619 37,630 32,514 Borrowings 3
Slide 36: Healthy Capital Adequacy
HEALTHY CAPITAL ADEQUACY (₹ in Crore) Jun’24 Sep’24 Dec’24 Mar’25 Jun’25 Credit Risk Weighted Assets 23,625 24,954 25,108 26,240 26,691 Tier I Capital 5,425 5,390 5,548 5,610 5,654 Tier II Capital* 446 443 453 451 423 Total Capital 5,870 5,833 6,001 6,062 6,077 CRAR 24.85% 23.38% 23.90% 23.10% 22.77
Slide 37: Ujjivan – Platform for growth
Ujjivan – Platform for growth For more details uploaded on our website www.ujjivansfb.in
Slide 38: Serving Customers Through Multiple Channels
Macro SERVING CUSTOMERS THROUGH MULTIPLE CHANNELS Retail Mobile / Internet Banking RBI Innovation Hub Payments Business Internet Banking • Available in 9 Languages (including • Live on Unified Lending Interface English) • UPI & UPI Lite service (ULI) for Housing Loans, Micro • Easy access to multipl
Slide 39: Comprehensive Suite of Product and Services
COMPREHENSIVE SUITE OF PRODUCT AND SERVICES MICRO-BANKING MICRO, SMALL & MEDIUM AFFORDABLE HOUSING FINANCIAL INSTITUTIONS OTHERS ENTERPRISE LOANS LOANS GROUP • Group Loans • Two-wheeler loans- • Prime LAP# - Semi Formal • Construction and Purchase • Term loan to NBFCs, • Individual Loans Commuter &
Slide 40: Strong IT Infrastructure
STRONG IT INFRASTRUCTURE Financial Inclusion Digital Customer Onboarding Delivering solutions through Branches Rule Engine for loan decision system and Assisted Channels ILOS, GLOW, e-Signing and e-Stamping HHD, Digital Repayments options Integration with Account Aggregator Loan Originating System (
Slide 41: Data Analytics
DATA ANALYTICS Year Of Breakthrough Amplifying the Momentum Plan 2025 Smart algorithms with deeper wallet share Aiming to unlock business contribution by activating all verticals, utilizing phone banking along with AI-led digital channels Capitalized Existing Resources Reimaged Credit-lending and Co
Slide 42: Strong Independent Board
STRONG INDEPENDENT BOARD Banavar Anantharamaiah Prabhakar Sanjeev Nautiyal Sudha Suresh Chairman and Independent Director Independent Director MD & Chief Executive Officer Education:Commerce graduate, University of Education: BA (Lucknow University), MBA Education: B.Com (Honors) C.A., Grad ICWA, My
Slide 43: 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 44: Business Leaders
BUSINESS LEADERS Rajeev Padmanabh Pawar Hitendra Nath Jha Umesh Arora Head of Treasury Head Retail Liabilities and TASC Head of Emerging Business Education: Master of Business Administration Education: Bachelor of Science, Bachelor of Education: Post Graduate IIM Kozhikode Experience: Growmore Resea
Slide 45: Capital Efficient Growth Model – Poised for Sustainable ROA/ROE Delivery
CAPITAL EFFICIENT GROWTH MODEL – POISED FOR SUSTAINABLE ROA/ROE DELIVERY Balance Sheet Net Interest Margins (%) Asset Quality & Cost to Income (%) Return Profile (%) (Deposits & Advances) Credit Costs • Balance Sheet size at • GNPA around 2.5% in ₹49,111 Cr as of Q1FY26 Our Journey Till Now • NIM ar
Slide 46: Annexures
Annexures
Slide 47: Awards & Accolades
AWARDS & ACCOLADES Digital Payments Awards 23-24 IBA CISO Summit & Citation Atal Pension Yojna Great Place to Work 2nd for outstanding performance Cyber Security Compliance Exemplary award for Par Excellence, Rank 26th in digital payments Champion Power of Persist, APY Big Believer ASSOCHAM Branding
Slide 48: Shareholding Pattern as on Jun'25
SHAREHOLDING PATTERN AS ON JUN’25 Retail & Others Foreign Institutional Investors (FPI & FDI) Domestic Institutional Investors (MF, Insurance, AIF & QIBs) Top 10 Investors NRIs and NRNs Bodies Corporates International Financial Corporation 8.1% 4.0% Sundaram Mutual Fund Duro One Investments Limited
Slide 49: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY • 2 Chote Kadam projects inaugurated • 212 branches engaged in Project Swachh Neighbourhood • 1.3+ lakhs of beneficiaries impacted • 5100+ kg of waste collected Renovation of an orphanage, Midnapur - CKP Renovation of classrooms, Uttarahalli - CKP • 5000+ employees pa
Slide 50: Financial Literacy Program (FLP)
FINANCIAL LITERACY PROGRAM (FLP) 8,402 customers and 1,544 customers trained across 8 Diksha+ Pro for Micro-Loan non-customers branches in Assam through ‘Pragati’ Customers attended the camps Financial literacy program which is across 176 rural designed for Nano-Entrepreneurs ✓ 27,735 customers enro
Slide 51: Environment, Social & Governance (ESG)
ENVIRONMENT, SOCIAL & GOVERNANCE (ESG) Business Responsibility & Sustainability Report (BRSR) disclosed for FY 24-25 with Maiden Scope 3 emission Highlights from BRSR disclosure ▪ Reduction in Emission intensity per Mock Reasonable Data Assurance conducted by EY – Gaps Rupee Turnover from 2.3(FY ’24
Slide 52: Roadmap of Ujjivan
Roadmap Of Ujjivan
Slide 53: Ujjivan's Journey
UJJIVAN’S JOURNEY • Commenced operation in Northern and • UFSL registered as an NBFC with the RBI Eastern part of India • Became a Founding member of Became the largest Microfinance Institution • Commenced operations in Southern Association of Karnataka Micro-Finance spread over 24 States and 273 Di
Slide 54: Ujjivan's Journey
UJJIVAN’S JOURNEY • Expanded the network to 575 banking branches Launched India’s 1st Voice-Visual- First Small Finance Bank to become • Crossed ₹14,153 Crore in asset Portfolio Vernacular banking app – Hello Ujjivan Registrar for Aadhar enrolment • Increased the customer base to 55 Lakh+ 2018 2020
Slide 55: 5 Year Annual Trend
5 YEAR ANNUAL TREND
Slide 56: Performance Track Record (1/4)
PERFORMANCE TRACK RECORD (1/4) Total Deposits (₹ in Crore) Retail Deposits(₹ in Crore) CASA Breakup (₹ in Crore) CA SA 9,612 8,335 26,676 37,630 6,744 22,085 31,462 8,494 25,538 4,993 16,862 7,566 18,292 6,159 9,921 4,488 13,136 2,699 6,242 2,257 442 504 585 768 1,118 FY21 FY22 FY23 FY24 FY25 FY21 F
Slide 57: Performance Track Record (2/4)
PERFORMANCE TRACK RECORD (2/4) Gross Loan Book (₹ in Crore) Disbursement (₹ in Crore) Asset Customer* (Nos in Lakh) 32,122 23,464 23,389 29,780 49.0 48.6 20,037 24,085 42.5 40.1 37.9 14,113 18,162 15,140 8,397 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Branch Network
Slide 58: Performance Track Record (3/4)
PERFORMANCE TRACK RECORD (3/4) Margin Analysis (%) Operating Efficiency (%) Asset Quality (%) Cost of Fund NIM Cost/Income Ratio Opex/Average Asset GNPA NNPA 7.1% 7.1% 6.8% 6.3% 6.3% 6.2% 6.3% 9.5% 9.5% 80 % 7.0 % 8.8% 9.1% 8.8% 70 % 6.0 % 60 % 5.0 % 2.9% 50 % 7.3% 7.3% 7.5% 2.6% 70% 2.2% 2.2% 40 %
Slide 59: Performance Track Record (4/4)
PERFORMANCE TRACK RECORD (4/4) Net Worth (₹ in Crore) BVPS (in ₹) Cross Cycle ROA (%) Covid Effect 6,084 31.4 5,613 29.1 Average ROA: 3.9% 3.5% 4,209 20.5 1.4% 3,219 17.5 2,802 15.1 1.6% 0.04% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 -1.9% CRAR (%) EPS (in ₹) Cross
Slide 60: Thank You
THANK YOU For Investor Queries: investorrelations@ujjivan.com 59
Ujjivan Small Finance Bank — Q1 FY26 Earnings Presentation on 6ix