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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Utkarsh Small Finance Bank Ltd

Utkarsh Small Finance Bank reports Q2 FY27 Net Loss of ₹70 crore; GNPA improves

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 03 Nov 2026, 08:39 PM IST  ·  BSE ID: e0987a7d-8d42-4297-a429-784423c98f0f
View Original BSE Filing (PDF)
💡
In Simple Terms
The bank reported a ₹70 crore net loss for Q2 FY27, a significant reduction from the prior year, while improving asset quality and loan growth.
🤖 AI Summary
  • Utkarsh Small Finance Bank reported a Net Loss of ₹70 crore in Q2 FY27, an 80% reduction from Q2 FY26 loss.
  • Disbursements grew by 55.0% YoY in Q2 FY27, reaching a Gross Loan Portfolio of ₹20,062 crore (7.5% YoY growth).
  • Gross NPAs improved by ~630 bps YoY to 5.9%, while Net NPAs declined to 2.7% as on September 30, 2026.
  • Deposits grew by 6.6% YoY to ₹23,869 crore, with the CASA ratio increasing to 21.4% as on September 30, 2026.
  • Share of secured lending in the loan portfolio increased from 47% to 52% YoY as on September 30, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Net Loss (Q2 FY27)
₹70 crore
-80%
Gross Loan Portfolio (September 30, 2026)
₹20,062 crore
7.5%
Gross NPAs (September 30, 2026)
5.9%
-630 bps
Net NPAs (September 30, 2026)
2.7%
Disbursements (Q2 FY27)
N/A
55.0%
Total Deposits (September 30, 2026)
₹23,869 crore
6.6%
CASA Ratio (September 30, 2026)
21.4%
Pre-provision operating profit (Q2 FY27)
₹85 crore
Cost of Funds (Q2 FY27)
7.5%
~-50 bps
Net Interest Margin (NIM) (Q2 FY27)
6.3%
~120 bps
🏢 How This Affects the Company
📈
Business Impact
Disbursements across both JLG and non-JLG segments increased by 55.0% YoY in Q2 FY27, contributing to a 7.5% YoY growth in the Gross Loan Portfolio to ₹20,062 crore. The share of secured lending increased to 52%, indicating a strategic shift towards lower-risk portfolios.
💰
Financial Impact
The Net Loss reduced by 80% YoY to ₹70 crore in Q2 FY27. Cost of Funds improved by ~50 bps YoY to 7.5%, expanding NIM to 6.3%. Credit cost improved by ~630 bps YoY to 3.3%.
⚙️
Operational Impact
The bank operates across 27 States & UTs with 1,110 branches. The JLG X-bucket collection efficiency remained strong at 99.6%, indicating effective collection strategies.
⚠️
Risk Impact
Gross NPAs improved by ~630 bps YoY to 5.9%, and Net NPAs declined to 2.7%, reflecting an improvement in asset quality and reduced credit risk. The capital adequacy ratio (CRAR) of 17.0% remains above the regulatory threshold.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, specifically the reported Net Loss of ₹70 crore in Q2 FY27 and improved asset quality metrics.
🔍
Management Signal
Management prioritizes disciplined underwriting, portfolio monitoring, and structural de-risking, evidenced by the increase in secured assets to 52% and focus on granular liabilities.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — verify continued reduction in net loss.
Next asset quality report — monitor further improvements in GNPA and NNPA.
Growth in secured lending portfolio — check if the 52% share is maintained or increased.
MEDIUM RISK Despite significant improvements, the bank continues to report net losses and manage notable NPA levels.
💡 Investor Takeaway
Utkarsh Small Finance Bank reported a Net Loss of ₹70 crore in Q2 FY27, an 80% reduction from Q2 FY26's ₹348 crore loss. Gross NPAs improved by ~630 bps YoY to 5.9%, and the Gross Loan Portfolio grew 7.5% YoY to ₹20,062 crore. Deposits increased 6.6% YoY to ₹23,869 crore.
⚖️ Strengths & Concerns

✅ Positives

  • Net Loss reduced by 80% YoY to ₹70 crore in Q2 FY27, a notable improvement from ₹348 crore loss in Q2 FY26.
  • Gross NPAs improved by ~630 bps YoY to 5.9%, while the share of secured lending grew to 52% of the portfolio.

⚠️ Concerns

  • The bank reported a Net Loss of ₹70 crore in Q2 FY27, continuing a loss-making trend despite significant reduction.
  • The Gross NPA of 5.9% and Net NPA of 2.7% as on September 30, 2026, indicate ongoing asset quality challenges.
📅 Company Track Record
Utkarsh Small Finance Bank reported a net loss of ₹6,985.22 lakh in Q2 FY27 (as per previous filing). The bank also reported a net loss of ₹3,391.97 lakh in Q1 FY27, which was an 86% reduction from Q1 FY26. Gross NPA in Q1 FY27 was 6.09%. The current Q2 FY27 filing shows a Net Loss of ₹70 crore, representing a further reduction from Q2 FY26 loss of ₹348 crore.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Utkarsh Small Finance Bank's net loss in Q2 FY27?
Utkarsh Small Finance Bank reported a Net Loss of ₹70 crore in Q2 FY27, which is 80% lower than the ₹348 crore loss in Q2 FY26.
How did Utkarsh Small Finance Bank's Gross NPA change in Q2 FY27?
Gross NPAs improved by ~630 bps YoY to 5.9% as on September 30, 2026, compared to 12.2% as on September 30, 2025.
What was the growth in Utkarsh Small Finance Bank's Gross Loan Portfolio?
The Gross Loan Portfolio grew by 7.5% YoY to ₹20,062 crore as on September 30, 2026.
What is Utkarsh Small Finance Bank's CASA ratio as of September 30, 2026?
The CASA ratio stood at 21.4% as on September 30, 2026, an increase from 20.0% on September 30, 2025.
What was the pre-provision operating profit for Utkarsh Small Finance Bank in Q2 FY27?
Utkarsh Small Finance Bank recorded a pre-provision operating profit of ₹85 crore in Q2 FY27, compared to a pre-provision operating loss of ₹3 crore in Q2 FY26.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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