{"id":182547,"date":"2026-05-08T08:30:32","date_gmt":"2026-05-08T12:30:32","guid":{"rendered":"https:\/\/alphastreet.com\/india\/ujjivan-small-finance-bank-limited-ujjivansfb-q4-2026-earnings-call-transcript\/"},"modified":"2026-05-08T08:30:32","modified_gmt":"2026-05-08T12:30:32","slug":"ujjivan-small-finance-bank-limited-ujjivansfb-q4-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ujjivan-small-finance-bank-limited-ujjivansfb-q4-2026-earnings-call-transcript\/","title":{"rendered":"Ujjivan Small Finance Bank Limited (UJJIVANSFB) Q4 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

Ujjivan Small Finance Bank Limited (NSE: UJJIVANSFB) Q4 2026 Earnings Call dated May. 08, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Sanjeev Nautiyal<\/strong> \u2014 Managing Director & Chief Executive Officer<\/em><\/p>\n

Siddharth Bharadwaj<\/strong> \u2014 Head – Investor Relations<\/em><\/p>\n

Hitendra Nath Jha<\/strong> \u2014 Head of Retail Liabilities, TASC & TPP<\/em><\/p>\n

Vibhas Chandra<\/strong> \u2014 Business Head – Micro Banking<\/em><\/p>\n

Analysts:<\/h2>\n

Jignesh Shriyal<\/strong> \u2014 Analyst<\/em><\/p>\n

Digant Haria<\/strong> \u2014 Analyst<\/em><\/p>\n

Sarvesh Gupta<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Shailesh Kanani<\/strong> \u2014 Analyst<\/em><\/p>\n

Ashlesh Sonje<\/strong> \u2014 Analyst<\/em><\/p>\n

Sagar Shah<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to Ujjeevan Small Finance Bank Limited’s Q4FY26 earnings conference call hosted by Ambit Capital Private Limited. As a reminder, all bias per lines will be in the listen only mode. And there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing Star then zero on your touchstone phone. Please note that this conference is being recorded.<\/p>\n

I now hand the conference over to Mr. Jignesh Shriyal from Amber Capital. Thank you. And over to you, Mr. Shia.<\/p>\n

Jignesh Shriyal<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah. Thank you Michelle. And good evening everyone. On behalf of Ambed Capital, I would like you all.<\/p>\n

Operator<\/strong><\/p>\n

Sorry to interrupt you, sir. Sir, can you please start? Because your voice broke.<\/p>\n

Jignesh Shriyal<\/strong> \u2014 Analyst<\/em><\/p>\n

I’m audible now.<\/p>\n

Operator<\/strong><\/p>\n

Yes, please proceed, sir.<\/p>\n

Jignesh Shriyal<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah. Okay. So thank you Michelle and good evening everyone. On behalf of Ambit Capital, I would like to welcome you all to Q4 and full year FY26 earnings call of Udjeevan Small Finance Bank. We have along with us Mr. Sanjeev Nautilyal, Managing Director and CEO, Ms. Karen Futado, Executive Director and the senior management team of Ojeevan Small Finance Bank. I will now hand over the call to Mr. Sanjeev Nautil Nanjimbi, Director and CEO for his opening remarks. Over to you, sir.<\/p>\n

Sanjeev Nautiyal<\/strong> \u2014 Managing Director & Chief Executive Officer<\/em><\/p>\n

Thank you, Jignesh. Good evening and thank you all for joining us today for Ujeevan’s SFB’s quarter four and financial year 2026 earnings call. Please do note, I will be referring to year on year comparisons with Q4 financial year 25 and quarter on quarter with Q3 financial year 26. The Indian economy continues to exhibit resilience as reflected in stable GDP growth outlook. This is supported by strong domestic fundamentals, government initiatives and interventions supported by adequate liquidity on the industry front.<\/p>\n

Overall bank credit recorded strong growth of 16% reaching 219 lakh crores. While deposits increased by 13.4 percentages to Rs. 268 lakh crore as of March 31, 2026. The Reserve bank of India has kept policy rates unchanged at 5.25% while maintaining a neutral stance. Reflecting a balanced approach to support growth while retaining flexibility amid evolving risks. CPI provisional inflation for March 26 came in at 3.40 percentages up 19 basis points over February 26. And RBI expects headline inflation to average around 4.6 percentages for financial year 27.<\/p>\n

We do not expect rates to be increased unless there is a sharp surge in inflation above the RBI target range, real GDP growth for financial year 2627 is expected around 6.9% as per RBI. The projection faces downside risks from geopolitical tensions such as the West Asia conflict, oil price volatility, supply chain disruptions and Super El Nino weather phenomenon fueling inflation. GDP expansion is likely to be supported by continued government capital expenditure and a recovery in private consumption.<\/p>\n

I will commence with Our financial year 2026 journey before I delve into quarterly performance. We received communication from the RBI on 13th April on our application for voluntary transition to a universal bank. The regulator, while returning our application has acknowledged our ongoing efforts towards diversification of our loan portfolio. We shall continue to engage with the RBI and reapply as per their constructive guidance and at an appropriate time demonstrating a diversified portfolio. We remain committed to our universal banking aspirations.<\/p>\n

During the year we continue to widen and deepen our board and management. At the board, Mr. Aniruddh Paul brings expertise in complex transformation, innovation in AI and data process and technology. In financial year 26 till December 25, management additions of Mr. Ramesh Arora, Mr. Deepak Agarwal and Mrs. Vijay Lakshmi Muddu has strengthened business strategy and audit functions respectively. In quarter four financial year 26 with the appointment of Mr. Pankaj Gupta as Chief Digital Officer and Mr.<\/p>\n

Mohammed Shakeel Khan as Head of Collections, our digital capabilities and collection portfolio are further strengthened. Let me now enumerate a few important milestones achieved in financial year 26. Deposits and gross loan book each have crossed rupees 40,000 crore. Taking balance sheet across rupees 50,000 crore mark retail deposits crossed 30,000 crore and savings accounts cross rupees 10,000 crores. Housing vertical comprising of affordable housing and micro mortgage crossed Rs.10,000 crore while MSME and FIG crossed rupees 3,000 crore each.<\/p>\n

Total secured advances portfolio crossed rupees 20,000 crore. Micro banking assets GL and IL combined grew past rupees 20,000 crore after large contraction in financial year 25 and also in financial year 24. Q4 concludes another important year for Ujeevan marked by strong execution, improving operating performance and continued strategic progress with the outcomes in line with the guidance at the start of financial year 26 we continue to see strong momentum in deposits growth. Total deposits stood at rupees 45,668 crores reflecting yui growth of 21.4 percentages and 8.2% QoQ while Casa deposits grew higher leading to improvement in CASA ratio to 28.6 percentages retail TD plus CASA stood at Rs 31,995 crore contributing 70% of total deposits.<\/p>\n

Cost of funds for the quarter stood at 7 percentages and for the year stood at 7.2. In a period marked with tight liquidity we maintain CD ratio and at 89% with comfortable liquidity reflected in LCR at 142 percentages as of 3-31-2026. Focus remains on strengthening granular and retail driven deposit franchise and further improve on the CASA ratio on the gross loan book during the year we continue to progress towards building a more balanced and diversified loan portfolio with a clear focus on increasing the share of secured assets.<\/p>\n

The secured Portfolio now contributes 49.4% of the overall book up from 43.5% YoY and 48.1% QoQ. This transition positions us well for more stable and sustainable growth going forward. Disbursements during Q4FY26 were the highest ever at Rupees 9811 crores up 32.1% YoY and 18.3% QoQ reflecting strong demand across segments. The gross loan book reached Rs 40,655 crores growing 26.6% YoY and 9.7% QoQ. The secured portfolio scaled meaningfully to rupees 20,079 crores up 43.5% YoY and 12.6% QoQ. Within secured segments, housing portfolio continued to demonstrate strong traction with growth of 43.4% YoY and 9.6 percentages QoQ while the MSME portfolio witnessed robust growth of 57.9% YoY and 12.8% QoQ driven by strong execution on the formal and semi formal focused MSME strategy.<\/p>\n

We also saw strong momentum across newer business lines with gold loans, vehicle finance and agri banking scaling up rapidly by 292 percentages, 101 percentages and 126% YoY respectively. I am pleased to note these three newer lines now contribute around 6% of the our loan mix against 3% in financial year 2025. In micro banking as guided earlier we witnessed healthy disbursement growth of 11.9% QoQ to an all time high of rupees 5245 crores. During the quarter NB portfolio grew to rupees 20,709 crore up 6.9%.<\/p>\n

Implementation of guardrails has stabilized portfolio and durable demand returned. The individual loan portfolio continued to grow steadily while group loan growth remained calibrated. The new customer addition for financial year 26 was at 5.4 lakhs. Coming to bank level Asset quality We have seen stable performance with improving trends across portfolios during the quarter. At a bank level, GNPA stood at 2.27 percentages with sequential moderation in PAR reflecting improving borrower behavior and the effectiveness of our collection efforts.<\/p>\n

Overall portfolio quality remained robust with credit Cost improving to 2.2 Percentages of average gross loan book for financial year 26 down by 20 basis points Yui and a visible moderation in slippages during the period. PCR improved to 81% providing adequate buffer bucketx. Collection efficiency in micro banking remained strong at 99.8% in March 26 and above 99.7% across Q4, underscoring disciplined execution on the ground within the secured portfolio. Asset quality continues to remain robust with housing and MSME portfolios showing healthy performance and improving delinquency trends.<\/p>\n

Our financial outcome for Q4 reflects near normal portfolio and operational performance. Total income for FY26 stood at 8039 crores up 11.6 percentages YUI while quarterly total income came in at Rupees 21.86crores up 18.6% YUI. Reflecting continued momentum, we delivered strong NII growth of 26.4% YUI and 9.2% QoQ to Rupees 10.92crore driven by robust loan growth and a stable product yield. Net interest margin for the quarter improved further to 8.5 percentages. This was largely due to reducing cost of funds, stable yields and optimal liquidity utilization.<\/p>\n

Other income remained healthy driven by processing fee and insurance income. Other income to ATA for FY26 is at 2.2 percentages. Interest expenses were well managed through active liability management while OPEX to ata for financial year 26 came in at 6.4 percentages and cost to income for financial year 26 at 65.6 percentages. Net profit for financial year 26 came in at rupees 693 crore with ROA and ROE at 1.4 percentages and 10.9% respectively. The exit quarter PAT stood at rupees 282 crore. ROA and ROE were at 2.1% and 17.2% respectively.<\/p>\n

Future FY27 and Beyond For FY27 we plan to accelerate both branch and digital infrastructure in line with growth objective of around 25%. Current financial year will focus on branch addition of about 20% keeping with our growth plans for the current financial year, our digital and AI and analytics investments will continue to better align with our existing and new customer needs. Strengthening our data foundation through cloud LED platform integrated architecture will ensure we deliver on a truly connected bank, thus augmenting our customer acquisition and retention through their life cycle guidance.<\/p>\n

FY27 grow the advances by around 25%. Expect credit costs to moderate to 1.4% to 1.5% of the average GLB reach ROA of around 1.6 percentages. As I conclude, we remain committed to profitable growth with focus on investments in distribution technology, risk and multiproduct infrastructure. Additionally, to maintain adequate buffer over the regulatory capital threshold, our board has approved raising of equity capital for an aggregate amount not exceeding rupees two thousand crore. This capital infusion would propel growth for the medium term.<\/p>\n

I now hand the call to the moderator to commence the Q and A. Thank you. Thank you very much.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much sir. Ladies and gentlemen, we will now begin the question and answer session. Anyone who wishes to ask questions may please press Star and one on their Touchton phone. If you wish to withdraw yourself from the question queue, you may press start. Participants are requested to use only handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Digantharya from Green Edge Wells. Please go ahead.<\/p>\n

Digant Haria<\/strong><\/p>\n

Hi. Thank you for the opportunity. Congrats on a good set of numbers. My first question is that we have an exit ROI of more than 2% and you know, for the next year we are guiding an ROI of around 1.6. So is it because, you know, you said that we’ll open more branches, that is fine. But will it be like our opex grows at 40, 50% because that’s the only line item which will probably increase and you know, pressurize our roas. That’s my first question.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So I think as I said we would be entailing investments on the lines that I indicated which is on tech, digital, AI branch expansion. So all these expenses or investments would actually lead to an ROA which I indicated and therefore I would not see anything unusual about our numbers.<\/p>\n

Digant Haria<\/strong><\/p>\n

Okay, okay. Okay. Yeah, because see the exit, you know the credit cost at the this quarter rate is around 1.1. We are guiding for around 1.4. So like you what, what is. So you don’t see anything adverse there as well, right? It’s just the higher investment which is pushing the ROA down next year. In our guidance,<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

This Is Siddharth here? The credit cost you’re referring to is on Dupont. What we are reporting is on average GLB. So that’s the only difference. But Mr. Nautil will give the further response to your question.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So Digant, you know we have got the guidance of Reserve bank of India. So obviously gradually we will be scaling up the secured book also and therefore the configuration will alter and change. And that would also have a bearing on the return on the assets.<\/p>\n

Digant Haria<\/strong><\/p>\n

Okay, perfect, perfect. I understand that. Just wanted to see like we are at 51% in micro banking. We will not, you know, like we not derivative slow it down. Right. We may increase the other part faster or you know, how are we thinking about this particular.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Absolutely, absolutely. We continue to do the micro finance business as we do and all also see that the ratio of the secured book grows faster. So that is how we are going to calibrate the two sides of the loan books.<\/p>\n

Digant Haria<\/strong><\/p>\n

Oh okay, perfect. Thank you. Thank you so much for the clarification. Then we should<\/p>\n

Operator<\/strong><\/p>\n

Thank you. A request to all the participants that you may kindly limit your questions to only two per participant. Should you have a follow up question, please rejoin the queue. We’ll take the next question from Sripal Doshi from Equirus, please go ahead.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Hi sir. Thank you for giving me the opportunity and congrats on a great set of numbers. My first question was on the growth front. So while we have highlighted 25% growth on the overall book, what would be the segmental growth aspiration in segments like micro banking as well as home loan and the other segments that we have launched recently? That is my question number one. And the other question is on the margin front. So I think the earlier participant highlighted opex being one of the aspects.<\/p>\n

But would it also be margins given that we would be focusing more on secured side and therefore from our exit margin of 4Q we would see whole year FY27 margin coming down. So these are my two questions.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So as far as the micro banking business is concerned we would be growing it at less than 10%. I would say a higher single digit number. And correspondingly the secured book would grow at a much faster pace. And this combination is going to lead to the return on assets that we have given as a guidance at 1.6 percentages.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Answer on the margin front.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

I think the second question of yours was on the NIM side.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Right? Right.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

All right. So what we are saying is the NIM for the for this year would be at the same level of the exiting quarter. Right. Close to that Number.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Okay. Okay. So we will be at closer to 8.4, 8.5%.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Yes, yes, please.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Got it, sir. Got it. All right, thank you, sir. I’ll come in the queue for more questions. Thank you and good luck for the next quarter.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Sarvesh Gupta from Maximilian Capital. Please go ahead.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Good afternoon, sir. And congratulations on a good set of number. So just to understand this guidance little bit better, you are saying that the names would remain at the same level as exit quarter, which is Q4. So what kind of OPEX growth are we envisaging in this year? Hello, Our<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Cost to income. Our cost to income ratio, despite the investments that we are going to do, will continue to remain at the same percentages as we had in the preceding financial year, which is 24, 25, 26. So you would expect to see the same cost to income ratio presiding as at 31st March 2027.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay. So sir, in the absence of not much of an increase in cost to income also. So you know, just wanted to understand like this 50 basis point compression in ROA that would be caused by which particular line item in your P and L.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So the investments and new projects would be on branches on efficiency enhancements and the others which are, you know, about marketing and new training programs, efficiency would be on IT projects, AI investments, low cost channels and branches about infrastructure and staff cost.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay, okay, sir, I’ll maybe take it offline to understand a little bit better. Sure. Just secondly, on the, on the, you know, like on the, on the secured side. So you have, you know, we have seen a higher yield for the overall book of the. On the secured side. So given the plans for next year, how are we seeing this book behaving in terms of the secured book yield and what would be the main drivers here?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

This would remain more or less same as we have seen in the financial year 2526.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay. So this year we have seen a steady sort of increase in the, the secured book yield. So do we expect not to stabilize it at this level or how do you see it?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Yes, yes, we, we seem to be having the capacity to stabilize them at the same level as you’ve seen in the last quarter. Right. In fact, in the third and the fourth quarter, the enhancement in the yield which we have seen generally would continue in the financial year 26, 27 as well.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay. Okay. And finally sir, on that, this fundraising, when do you plan to do it? Is it, will it happen this quarter itself or what is the plan there?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Our Plan is to do it in the second half of the current financial year depending on the, depending on the suitability of the circumstances.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay. Okay sir, final one question if I may. Sir, given this RBI guidance, is there any specific number in terms of the secured book mix that we would want to reach to? Because you know, generally I think a lot of, you know, given the degrowth in the microfinance industry that we have seen, I think normal microfinance growth could be higher than a single digit number. So are we sort of, you know, do we have a plan, let’s say by when we want to reapply and hence we want to sort of, you know, not grow that book at a normal number and grow only at a single digit number or do we have a mix in plan for the next year that we want to read this mix insecure.<\/p>\n

So if you can throw some more color on, how are you thinking given that you guys want to reapply?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So RBI does not share or direct or guide a particular ratio. We will have to devise our own means of arriving at a particular ratio by an appropriate time before we contemplate applying to the Reserve bank of India for transition to universal banking license. So we will continue to strengthen and enhance the secured book in a manner that the journey is palatable, maintaining the profitability underpinnings and to also ensure that the ratio is better than what we had shown to the Reserve bank of India.<\/p>\n

So this will be a self discovery I would say. But certainly we will calibrate and decide at what ratio by what time we need to abide by so that we are in a position to apply to Reserve bank of India for this year. I can only guide that our secured portfolio would be a little upwards of 56 percentages.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay, thank you sir. And all the best.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. A reminder to all the participants to kindly restrict their questions to only 2. We’ll take the next question from the line of Abhishek M from hsbc. Please go ahead.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Yeah. Hi. Thank you for taking my question. So two questions. One is your guidance on margins. So when you say margins will be stable from here and the secured book would reach 56% from 49% from 49%. Yeah. If I look at the yields, most of the secured book yields are lower. I mean I understand you have some pricing power in which your customer said, but still most of the secured book deals are lower than your NFI and individual loan yields. So how do you plan to protect your margin with such a sharp change in loan mix?<\/p>\n

And at the Same time, do you see any further cuts in your TD saras? Do you think you have room or you are actually going to have to increase it a bit because of the competitive scenario. So just wanted to understand your margin guidance in the context of these two things. The second question is on opex. So if I split your OPEX into business costs where you are pushing up your secured book and trying to change your mix versus any kind of technology upgrade or system upgrade or anything else that the RBI may have asked you to do as part of your conversion into a bank, how would you split it?<\/p>\n

Like the kind of OPEX growth you’re seeing this year, what would it be driven by? Yeah, those are the two questions.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So I think on the margin side we will continue to see some release on the cost of deposit side. So we will benefit on the cost of fund side. That also needs to be factored in. And also because of the health of the microfinance portfolio now in its prim shape, the reversals of the interest on account of the NPAs would also be lessened, much lessened. So that is an area where we would also. And the release of the cost of funds or the cost of deposits is also what we are going to witness. So these would be the.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

In terms of your cost of deposit coming off, how much more repricing would be left?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

A benefit of around 30 basis points<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Is still. Still left. Yeah, yeah. To occur. Okay. And in terms of interest reversal now, I guess that would already be there in the four Q numbers, right? Because now your power has gone down quite substantially. So do you see further, you know, sharp improvements over there or how. Not, not sharp<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Improvements. Not sharp improvements, but at least the new book or the new exposure will behave very properly and therefore we will not have any stress on that account.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Yes sir, but that would be in your 4Q numbers. In your 4Q numbers you are already reporting a 22 and a half, maybe 1020 on the mixed impact still remains the main issue.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Right, right.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

So how will your NIM be stable? That’s again maybe 2030 bip improvement from the cost of fund side. That will be enough to offset the mix changes.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

We also have the two Wheeler and the proposed used car product that we are going to launch. The two Wheeler has a substantive yield sitting on it. Then we also have the gold loan which is, you know, upward of 14 percentages and micro mortgages which are at 19.8 percentages. So these three business verticals would continue to support us on the yield side and the other secured businesses which Are the housing and the MSME would continue to maintain the yields that they have shown and basically help us to maintain the NIM overall with the support of reduced cost of funds that I spoke about.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Got it, Got it. So clear. And the OPEX question<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

On the opex, I would request you if you can get in touch offline to have more details about it.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay, sure. Sure. Got it. Thank<\/p>\n

Operator<\/strong><\/p>\n

You. Thank you. The next question is from the line of Kaushik Agarwal from Haitong Securities. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah hi sir, thank you for the opportunity and congratulations on a good set of numbers. So my first question is on the deposit front. So see broadly your deposit growth has been slightly lagging the overall advances growth. However the CASA ratio has been improving consistently. So broadly, how do you see your CASA ratio for the next year? Number one and is there any possibility or you have taken any price hike on the TD side Because lot of competitors have indicated that they have taken some price hike on the term deposit side.<\/p>\n

That is question number one. Number two is on the gold portfolio. So gold, I was just checking the average ticket size on a yoy basis for your book has gone up by 60% and but the yields are also inching up marginally. So I have seen there is a 30 basis point increase in the Gold loan portfolio Yield on a Q1Q basis. So can you just help us understand what what is your strategy with respect to the gold loan book? And the last is broadly on the asset quality piece. Is there anything which you can indicate on the qualitative basis for your customer segment in terms of any issues that they are facing from this West Asia conflict or any sort of early warning indicators that you are noticing in your portfolio.<\/p>\n

So yeah, these were the three questions from my side.<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

So. Hi Hitendra, you. So if you look at our CASA ratio has improved by YY 1.75% and KYOT 1.28%. We are at 28.6%. We expect it to increase further. It’s very difficult to give exact number but it will be around 30% will be the CASA ratio. Our focus will continue to be CASA but yes, overall book will continue to grow.<\/p>\n

Vibhas Chandra<\/strong><\/p>\n

Hi Kaushik, this is Vibhas on Gold loan. You’re right, our ticket size has increased during the financial year. At the same time our yields have also increased. Ticket size naturally has increased because when we started Gold loan initially we were experimenting and working with mostly microfinance customers. But today as gradually we have increased focus on open market and leads from other verticals as well leading to higher ticket size. At the same time during the year we have also adjusted interest rates for lower ticket size loans positively that has impacted yield positively.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

On your question about. It was about CD ratio. So we have, we have basically tried to pivot ourselves around 88 to 89% CD ratio which helps us to manage with a lower deposit growth that came in the last year. And the CASA ratio is. What we are going to achieve is somewhere around 29 percentage. 29 to 30 percentages. CASA ratio would be around 29 to 30 percentages.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. So sir, so just continuing on this. Yes, sorry. So just checking that are you building in any price I got. Have you taken anything on the deposit front?<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

As of now we are not contemplating any change in deposit rate will continue. We’ll watch this space closely and if anything happens we will calibrate accordingly.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

As far as the risks to the various businesses on account of the Middle east crisis. What we would like to say is that our portfolio is overwhelmingly domestic granular and retail in nature. And we do not have any foreign currency lending exposure, new exposure to oil, gas, defense, aviation. And therefore our customer segment is more or less insulated from first order geopolitical disruption. But we are mindful of the situation and therefore we have taken steps to ensure that we refresh our scenario frameworks across all major verticals.<\/p>\n

We have stress tested our portfolio origination posture is calibrated geography by geography and we have a heightened monitoring system in place. For example for two wheelers used vehicle MSME working capital and monitoring has been titled Titan. And with strong provisioning and capital buffer this provides us a very meaningful absorption capacity for any second order impacts.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Okay. Thank you sir. That’s it from my side.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Jitark Shah from Union Mutual Fund. Please go ahead.<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

Hi. Thank you for the opportunity. Am I audible? Yes. Okay. So sir, I just have two, three questions. First on the ROA front so I understand what you are trying to say is that since secured book will grow at a much faster, there could be some pressure on the yields but at the same time it will be likely compensated by the cost of funds and that’s why the margins are going to remain steady state. Is that the correct understanding?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Yes, please.<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

So then on what which are the levers where from current state of 2% ROA you are guiding for about 1.6% ROI for FY20 cents. What could really drive ROE compression from the current exit ROA. So that’s my first question and second question is since earlier you had guided for a 7030 mix between secured and unsecured piece over the next five years with almost 5 percentage of change. So now will there be any change in that timelines considering the RBI’s decision and will there be any change in strategy in that?<\/p>\n

And lastly, from the 2,000 crore cap place front, would you have, I mean could any sort of inorganic acquisition of secured book be on the cards? So these are my three questions. Sir.<\/p>\n

Operator<\/strong><\/p>\n

Excuse me, sir. Sir, if you’re speaking, I suppose you’re on mute.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Yeah,<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

I can hear you.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

We have no plans at this point in time for any inorganic acquisition and we are maintaining the 1.6% at this point in time. These are the numbers that we have worked out if there is any, you know, upside that could be possible.<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

Okay. Okay. So basically if I understand correctly. So margins are going to remain steady state and so you are just guiding it on, on your estimates, the 1.6%. But the current OPEX and credit costs also you don’t see any material deterioration that could lead to any compression at an ROA level, right?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

No. That’s<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

The right understanding?<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Yes, please. Yes. Okay.<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

Okay. And sorry sir, I just missed this part on your timelines about the 70:30 mix between secure and unsecured. If you could repeat that.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So we have broadly constructed our secured and unsecured ratio for this year for the remaining years, which is 27, 28, 29. We are still in the process of deciding the configuration and we would perhaps come back to you after a short period.<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

Sure, got it. And so just understand, trying to understand this one thing. So you already have significant car on your book. So you are fairly well capitalized. Then what would be the rational behind having, you know, fresh cap raise since you are already well capitalized and you can grow organically also this well. So just trying to understand the logic behind that.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

So we have, we have already guided for a 25% growth on the asset side per year. And our board mandated threshold is 20%. We also need growth capital to fund our appetite for the next three years. And therefore we think this would be the right time to fund ourselves and to be replete with the capital that we would need for our fueling our growth for the future.<\/p>\n

Shailesh Kanani<\/strong><\/p>\n

Understood sir. This is very, very helpful. Thank you so much. Thank<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

You.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Ashlesh Sonjay from Kotak Securities. Please go ahead.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Hi team, good evening. Two or three questions from my side. Firstly on the CASA deposit book. Good to see the progress there in Spite of cutting rates. The question is do you see any further scope to cut the pricing on TDs as well as SAR deposits and getting them closer to where the mid tier banks are. That is one. Secondly on the MFI book is there room to increase the pricing there? Because we are still let’s say at the lower end of the pricing of the market in general. And last one is a data keeping one.<\/p>\n

If you can share the MFI slippage for the quarter.<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

Hi, this is Hitendra. So on a saving account side we have. We have changed some rates. Interest rate on a higher. Higher buckets. Okay. So we are expecting close to 25 to 30 bps reduction on SAR cost of fund. We have no plan as of now to reprice our retail TD or bulk td. We will wait and watch this space and we’ll be competitive in the market. If anything happens in the market we’ll recalibrate. But as of now we have no plan to change our interest rate on saving on deposits.<\/p>\n

Vibhas Chandra<\/strong><\/p>\n

Hi, as least this is Vibhas. On similar lines as mentioned in my MFI book also we are not thinking of changing interest rates at this point of time. We want to hold on to what we are charging at this point of time.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Understood sir. Thank you. And if you can share the slippages number for MFI for the quarter.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Slippages for mfi. Hi, this is Gaurav. Slippages for MFI regard around group loan, individual and put together would be in the range of 130 crores.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Okay, thank you. Those are all the questions.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Rajiv Mehta from yes, securities. Please go ahead.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Yeah. Hi, good evening. Very good numbers. I just have one question on this overall mix changing in the current year. So we demonstrated pretty strong recovery in microfinance business in recent quarters. Now we’re talking about growing the book by 8 to 9% in the next year. FY27. So how do you restrain growth? I mean we have a seasoned leadership team who has navigated the cycle very well. And you also have a large on ground team in mfr. So then would you just limit customer acquisition to pull down growth or to pull down the current momentum?<\/p>\n

And if you do that wouldn’t it be difficult to retain good people in the microfinance business?<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Hi Rajiv. So you know the. Actually we were degrowing our microfinance book post Guardrail 1.0. Even after Guardrail 2.0 our customer base was degrowing. So the growth of this year would have two Components one, the new customer acquisition and the second is the repeat loans. Now most of the repeat loans that most of the customer acquisition that we have done would not be eligible for repeat loans. Which is why you will see a slightly lesser growth this year as compared to the last as compared to what it could have been if we had done customer acquisition in the last cycle.<\/p>\n

So that is the reason why you will see a slightly lower growth. It may not cross maybe 10, 10, 11% single digit. A higher single digit means around 9, 10%. So it is on account of the repeat loans that this is happening.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

No, but Ashish, you will also have a lot of place or space for acquiring new customers. As you know the guardian impact has got, you know, kind of is going behind and the eligibility of the customer pool who were restricted by the guardrails in the industry, once they come out of that eligibility, you know, become eligible for loans then I mean then the obvious lever to kind of not grow fast and is to limit the new customer acquisition.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

So you know Rajiv, the way we’ve been looking at our growing our businesses, you know approximately 25 odd percent new to bank customers and 75% repeat. We don’t see a very big swing there in favor of the new to bank in the coming financial year. A higher growth would mean that we may have to actually cross 40, 45% new to bank. That’s something that we will be a little cautious about doing. Maybe 25 could go up to 30, but certainly not more than that.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Got it. Thank you. Best of luck.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of Silesh Kanani from nsec. Please go ahead.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Yeah. Good evening everyone. Thanks for the opportunity. Is my voice audible? Yeah. So just my first question, one more clarification on the ROA guidance. Are we building in any contingency buffer to be built up next year that is FY27 so that when ECL implements happen we can kind of apply reapply for the universal bank license<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

By contingency buffer. You would say additional provision.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Yes. Yeah, yeah.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

No, we don’t have a plan to that effect Shelish, for the next, next financial year.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay, okay. And okay. The second, second question was with respect to SA buckets. So I remember Jan, you had indicated that we had taken cuts in the. Alluded to that as well. Right. But when I see the cost of points, the cost of star reviews to be quarter on quarter 5.2%. So just wanted to understand that part. I guess even in checklist we have taken one more star rate Cut. Right. So why it is not getting reflected in the numbers.<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

So our. Am I audible? Hi. Yeah.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

So<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

Our cost of Money look at SA exit March was 5.21%. Okay. And what rate we have changed in April we’ll see a impact coming now. So around 25 to 30. This reduction will happen as we go along from here.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

So we have taken one in the month of Jan as well. Right? If my memory sounds right. No, no. This rate,<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

This rate cut what we have taken. I’m talking April.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay. In January had not taken the SA cut.<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

Sir, we had taken that advantage came. If you look at January cost of fund was around 5 plus it was 5.25 which came down to 5.20.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay. Okay. So it’s 5 is minimal impact over the 93.<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

That’s right.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Okay. Okay. This<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

Time. This time we have taken rate cut on a meaty book. Where my maximum book lies close to 33% of my book lies in 10 lakhs to 10 crores. There we have reduced the rate. So we’ll see higher impact this time.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

That’s all from my side. Best of luck. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question is from the line of mehul Panjwani from 40 cents. Please go ahead.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Hello sir. Thank you so much for the opportunity. Most of my questions have been answered but I just want correction. I mean one confirmation because I may have missed something. So can a secured lending continue to grow at 35 to 45% while maintaining a low GNP?<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Hi Mehul. So you know the growth of our secured book is coming from both our established products which is affordable housing and MSME and. And new businesses which we have started in the last three years. Micro mortgages, gold loans, two wheeler agriculture loans we’ve also initiated. You know we’ve also built a book on working capital that’s about 600, 700 crore already. So when we are building our book the newer customer acquisition is a very diversified income profile. Working capital book for us is about a crore.<\/p>\n

Average ticket size lap is about 60, 65 lakhs. And then there are the other businesses, two wheeler micro mortgages which are at the lower end. So on the secured side as far as GNP is concerned while the book is now seasoning but at the same time we put adequate guardrails around maintaining our collection efficiencies. So micro mortgages, two wheeler, all of them are above 99.5% on bucket X affordable housing MSME they are all at 99.77, 99.75. So in terms of GNP, I think we are broadly maintaining the asset quality as far as the secured benchmarks are concerned.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

So can we expect to provide in that range 35 to 45%?<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

Yes, 40% is something that we have already planned. So 10% on unsecured, 40% on secured and therefore 25% average.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Right. And my next question is on the timeline for going back to RBI on the banking license, do we have any, I mean I missed the commentary but if you can help me.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

As you know in the initial part I had enumerated that Reserve bank of India has only given us the guidance to improve further the secured unsecured ratio. And that is not a number that RBI guides or directs. So we will have to see how much this ratio can be delivered and what is the appropriate time. We will have to sit down and decide and build a plan. And based on an appropriate ratio being achieved by us with a further guidance in the next few years we’ll be in a position to take the call. Obviously that’s not going to happen immediately.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

And sir, how, what, what does this do to our, you know, two to three years roadmap? Because you know, we may have some roadmap based on the license being granted. And now that you know, I’m not saying it’s a setback but I’m just trying to understand it. How, what have, what will be a change in strategy for the next three years.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

For 27 we have given the guidance and as I said we are in the process of building the plan for the next two, three years and we would then after finalization of our plan we would certainly be sharing that with you all in some, at some point in time in the very near future.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Right. So can, can we expect in the next.<\/p>\n

Operator<\/strong><\/p>\n

Sir, I would request you to kindly rejoin the queue for follow ups please. There are others.<\/p>\n

Sarvesh Gupta<\/strong><\/p>\n

Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

We’ll take the next question from the line of Sagar Shah from Spark pwm. Please go ahead.<\/p>\n

Sagar Shah<\/strong><\/p>\n

Yeah. First of all, congratulations to the Entire team of G1 for posting excellent set of earnings. Actually now my sir, first question was related to our opex. You highlighted in your opening commentary that we are guiding for around 20% increase in the branches. Actually as on March 26th we are at around 776 branches. So it’s safe to assume that we are likely to open at around 140 branches in the, in next year or maybe in the next two years. Can you please clarify that broadly? Yes. So I mean in FY27 we are going to open 140 branches.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

Yes, please.<\/p>\n

Sagar Shah<\/strong><\/p>\n

Okay, fine. And my second question sir was related to our deposit growth. Deposit growth has lagged in this quarter by around 200 bits actually as compared to our advances growth. Now going ahead you are guiding even for a. Your guidance for CASA is at around 30%. So we are not assuming very strong growth in CASA even though this quarter has been actually very good on the number front. Now my question was related to that. That how are we seeing basically on the TD growth. Are you assuming at least a 25% plus growth in this quarter?<\/p>\n

And what exactly measures have you taken taken? Are you. Are you banking on some new geographies for such kind of healthy growth or what is your strategy going on this on the liability front.<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

Yeah. Hi Sagar. So first this 30% what we said was a CASA ratio not the CASA growth rate.<\/p>\n

Sagar Shah<\/strong><\/p>\n

Yes.<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

Okay. So say our deposit book will grow in the line of our credit growth. Okay. We will not lack here. And if you look at our growth in deposit has been steady since July. August. Okay. We had deliberately slowed down on deposit for three months because we had some excess liquidity. Thereafter we are seeing a very healthy growth of deposit and our focus will continue to book a retail TD book than a bug side. I hope I answer the query.<\/p>\n

Sagar Shah<\/strong><\/p>\n

Yes, yes. Yes. Certainly. Now my last question sir was related to asset quality. Asset quality in terms of gl. Now the entire microfinance segment is doing well and it’s actually rebounding. And I hope Jeevan also does well as especially in the IR loan. So is it safe to assume that the last two years the kind of growth that we got in the secured front and that is where our ratio between secured to unsecured relatively went very quickly as compared towards secured growth. So now over the next two years till FY20 is it safe to assume that it will be our book will look like a 55.<\/p>\n

45. 55 towards secured and 45 towards unsecured. What can be the ratio that you can write for, sir?<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

So as Mr. Naughty had initially in his initial comment said we will end March 27th somewhere in the range of 56, 44. So yes, while you said 5545 that is roughly the number that that was suggested earlier.<\/p>\n

Sagar Shah<\/strong><\/p>\n

Okay. Thank you sir. Thank you. And all the best for us. Which I’ll turn it offline. Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, this will be the last question for today which is from the line of Darshan Zaveridi from Crown Capital. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello. Good evening sir. Thank you so Much for taking my question. I’m sorry to interrupt<\/p>\n

Operator<\/strong><\/p>\n

You, sir. Sir, there is a lot of background noise.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hi. Is this better? Hello. Yeah, hi. First, firstly congratulations on a great set of results, sir. So sorry to harp upon the question that a lot of people have asked but we are saying on NIM growth, NIMS will be around the same level, our OPEX will be around the same level and our credit cost is similar to Q4. Then why will our ROA decrease from 2 to 1.6? I am just trying to find that a bit hard to reconcile. Right, right. So like if everything same then ROA should be similar to Q4. Right? Like can.<\/p>\n

Is there anything wrong with that assumption, sir? Hello? Hello. Yeah.<\/p>\n

Siddharth Bharadwaj<\/strong><\/p>\n

As Mr. Naughty has you rightly said, this is the fourth or fifth time we’ve got this question on the call. What you are not catching right now is the fact that we are being conservative on both our OPEX and our credit cost. And our guidance is coming from that place. We do appreciate there are certain dynamics which may play out on couple of our key products. And covering four eventualities is where you’re seeing the ROA at the guided level. We will certainly update you as we see any meaningful change in this particular number.<\/p>\n

We appreciate the sensitivity of the same and that’s where we would like to leave it for now.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Fair enough, sir. And so just wanted to understand like a few of your peers were saying that they are seeing some kind of intense, you know, competition in terms of deposits. So do we feel that, you know, there might like the 30 basis points improvement that we are hoping for? They can come under some kind of pressure because like the deposit, you know, deposits are just a bit hard to get right now. What are your comments on that, sir?<\/p>\n

Hitendra Nath Jha<\/strong><\/p>\n

Hi. As of now, we don’t see any stress on deposit size. Is it growing as per our expectation? And going forward we maintain we will maintaining the same level of growth?<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, fair enough. Yeah, that’s it for myself. Thank you so much. All the best.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. As that was the last question for today, I would now like to hand the conference over to Mr. Sanjeev Nautil, MTA and CEO for closing comments. Thank you. And over to you, sir.<\/p>\n

Sanjeev Nautiyal<\/strong><\/p>\n

I once again thank all the participants for their time and interest. We at OG1SFB remain focused on delivering on profitable growth while we build an enduring institution. Please reach out to our IR team for any queries that you may have. I would finally like to give the guidance of NIM around 8.5 percentages the opex to ATA ratio would be 20 to 30 basis points above financial year 26. Due to the investments that we are making for the future growth and thereafter these would decrease. Hence the base case ROE of 1.6 percentages.<\/p>\n

Thank you. Thank you very much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you, members of the management, on behalf of Ambit Capital Private Limited, that concludes this conference. We thank you for joining us. And you may now disconnect your lines. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. Ujjivan Small Finance Bank Limited (NSE: UJJIVANSFB) Q4 2026 Earnings Call dated May. 08, 2026 Corporate Participants: Sanjeev Nautiyal \u2014 Managing Director & Chief Executive Officer Siddharth Bharadwaj \u2014 Head – Investor Relations Hitendra Nath […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-182547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145916,"url":"https:\/\/alphastreet.com\/india\/ujjivan-small-finance-bank-limited-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":182547,"position":0},"title":"Ujjivan Small Finance Bank Limited Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 12, 2023","format":false,"excerpt":"Key highlights from Ujjivan Small Finance Bank Limited (UJJIVANSFB) Q4 FY23 Earnings Concall Management Update: [00:00:32] UJJIVANSFB achieved quarterly disbursements of INR6,001 crores and yearly disbursements of INR20,037 crores, marking a 23% and 42% YonY increase, respectively. [00:03:10] UJJIVANSFB added 31 new branches, with plans to open 100 more in\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":145794,"url":"https:\/\/alphastreet.com\/india\/ujjivan-small-finance-bank-ltd-q4fy23-results-out-revenue-soars-by-45\/","url_meta":{"origin":182547,"position":1},"title":"Ujjivan Small Finance Bank Ltd Q4FY23 results out, revenue soars by 45%","author":"Chirag Gupta","date":"May 11, 2023","format":false,"excerpt":"Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. It started its operations as Ujjivan Financial Services Limited, a Non-Banking Financial Company in 2005 with the mission to provide financial\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":155452,"url":"https:\/\/alphastreet.com\/india\/ujjivan-small-finance-bank-limited-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":182547,"position":2},"title":"Ujjivan Small Finance Bank Limited Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 30, 2023","format":false,"excerpt":"Key highlights from Ujjivan Small Finance Bank Limited (UJJIVANSFB) Q2 FY24 Earnings Concall Business Performance and Growth Disbursements grew 18% year-on-year to INR 5,749 crores. Gross loan book increased 27% year-on-year and 5% quarter-on-quarter. Total deposits grew 43% year-on-year and 9% quarter-on-quarter to INR 29,139 crores. Added 39 new branches,\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":109778,"url":"https:\/\/alphastreet.com\/india\/infosys-limited-infy-q4-2021-earnings-call\/","url_meta":{"origin":182547,"position":3},"title":"Infosys Limited (INFY) Q4 2021 Earnings Call","author":"Sahil Anand","date":"April 21, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) Q4 2021 earnings call dated\u00a0Apr. 14, 2021 Corporate Participants: Sandeep Mahindroo\u00a0\u2014\u00a0Vice President, Financial Controller & Head \u2013 Investor Relations Salil Parekh\u00a0\u2014\u00a0Chief Executive Officer and Managing Director Pravin Rao\u00a0\u2014\u00a0Chief Operating Officer and Whole-time Director Nilanjan Roy\u00a0\u2014\u00a0Chief Financial Officer Analysts: Ankur Rudra\u00a0\u2014\u00a0JPMorgan \u2014 Analyst Diviya Nagarajan\u00a0\u2014\u00a0UBS \u2014 Analyst\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":167719,"url":"https:\/\/alphastreet.com\/india\/ujjivan-small-finance-bank-ltd-q3fy25-64-fall-in-profits\/","url_meta":{"origin":182547,"position":4},"title":"Ujjivan Small Finance Bank Ltd Q3FY25; 64% fall in Profits","author":"Chirag Gupta","date":"April 2, 2025","format":false,"excerpt":"Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. It started its operations as Ujjivan Financial Services Limited, a Non-Banking Financial Company in 2005 with the mission to provide financial\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/4-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/4-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/4-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/4-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/4-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/04\/4-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":174527,"url":"https:\/\/alphastreet.com\/india\/ujjivan-small-finance-bank-gains-on-strong-q3-secured-loan-growth\/","url_meta":{"origin":182547,"position":5},"title":"Ujjivan Small Finance Bank Gains on Strong Q3 Secured Loan Growth","author":"Staff Correspondent","date":"January 22, 2026","format":false,"excerpt":"Ujjivan Small Finance Bank Limited (NSE: UJJIVANSFB) gained 5.08% to close at \u20b960.70, adding \u20b9569 crore to its market capitalization of \u20b911,679 crore, after the bank reported a 52% year-on-year jump in its secured loan book to 39% of total assets. Latest Quarterly Results The bank's gross loan book reached\u2026","rel":"","context":"In "Analysis"","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/182547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2377"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=182547"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/182547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/147581"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=182547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=182547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=182547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}