UJJIVANSFB
Ujjivan Small Finance Bank share price & financials
- Price
- ₹64.88
- Market cap
- ₹13.6k Cr
- Sector
- Financial Services
- Calls analysed
- 6
Ujjivan Small Finance Bank Limited Q1 FY27
What went well
- Deposits grew 25% YoY to INR 48,129 crores, demonstrating strong liability franchise growth.
- CASA deposits grew 37.8% YoY to INR 12,930 crores, indicating improved deposit mix.
- Gross loan book reached INR 42,903 crores, growing 28.9% YoY, driven by diversified asset portfolio.
What to watch
- Geopolitical situation in West Asia continues to create uncertainty across global markets.
- Weather-related uncertainties due to El Nino pose risk to H2 economic activity, impacting kharif crops.
What Ujjivan Small Finance Bank Limited does
Ujjivan Small Finance Bank operates as a mass-market bank focused on financial inclusion, converting its legacy micro-finance customer base into a broader banking franchise. It earns through lending across micro-banking, affordable housing, MSME, vehicle finance, gold loans and agriculture, funded by retail deposits, current and savings accounts gathered through its branch network. Distribution combines physical branches and unbanked rural centres with assisted and digital channels (mobile/internet banking, WhatsApp banking) so customers can transact at their own level of digital familiarity. It also distributes third-party insurance, mutual fund, demat and wealth products and serves institutional clients through a Financial Institutions and Government Banking Group.
Segments
- Micro Banking
- Affordable Housing & Micro-Mortgages
- MSME
- Vehicle Finance
- Gold Loan
- Agriculture Banking
- Financial Institutions & Government Banking Group (FIGB)
- Retail Liabilities (Branch Banking & TASC)
- Treasury
- Third-Party Products
- Customer base
- ~101.5 lakh (10.15 million)
- Branch network
- 776 branches
- States and Union Territories covered
- 26
- Districts served
- 335
- Unbanked Rural Centres (URCs) among branches
- 197
- Electronic Collection Retail Points (ECRP)
- 8,000+
Guidance record · Q1 FY27
what the last two calls moved 27 tracked 10 delivered 1 missed 16 open- GNPA delivered said Q1 FY26 Promised: Contained below 2.5% as we go forward Q1 FY27: GNPA improved again to 2.17%, continuing to stay comfortably below the 2.5% target.
- Collection Team Manpower went quiet said Q3 FY26 Promised: Decline of 100-150 collection team members per quarter starting Q1 FY27 Q1 FY27: The target period began this quarter, but management did not provide an update on the collection team headcount.
- OPEX to Asset Ratio revised up said Q3 FY26 Promised: Next year [FY27], you should see an improvement Q1 FY27: Guidance revised favorably again. Management now expects full-year opex to be 'around 6.4% of average assets', which is the same as FY26 level, not an increase as guided in Q4. This is a positive revision, though it still doesn't meet the original 'improvement' goal.
All 27 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 25.1%, net profit up 207.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,613 | 1,591 | 1,573 | 1,619 | 1,682 +4% | 1,752 +10% | 1,878 +19% | 2,025 +25% |
| Net profit | 233 | 109 | 83 | 103 | 122 −48% | 186 +71% | 282 +240% | 317 +208% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +35.6% 1Y
1Y: ₹48.35 on 10 Sept 2025 → ₹65.54. High ₹72.47 (14 Aug 2026), low ₹44.18 (26 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- +5.7%
- 23 Jul
- Q4 FY26
- −0.4%
- 8 May
- Q3 FY26
- +7.3%
- 22 Jan
- Q2 FY26
- −0.6%
- 17 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 18.5% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.2k Cr | ₹5.7k Cr | ₹6.4k Cr | ₹6.9k Cr |
| Interest | ₹1.5k Cr | ₹2.3k Cr | ₹2.7k Cr | ₹3.1k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹1.1k Cr | ₹1.3k Cr | ₹726 Cr | ₹693 Cr |
| Net margin | 26.4% | 22.6% | 11.4% | 10.0% |
| Cash from operations | ₹1.1k Cr | ₹1.6k Cr | ₹2.0k Cr | ₹1.8k Cr |
| Free cash flow | ₹935 Cr | ₹1.3k Cr | ₹1.9k Cr | ₹1.7k Cr |
| ROE | 33.0% | 27.0% | 12.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1.7k Cr | ₹1.7k Cr | ₹2.0k Cr | ₹519 Cr | ₹1.9k Cr | ₹1.9k Cr |
| Reserves | ₹1.3k Cr | ₹874 Cr | ₹2.1k Cr | ₹5.1k Cr | ₹4.3k Cr | ₹4.9k Cr |
| Borrowings | ₹3.4k Cr | ₹2.0k Cr | ₹2.8k Cr | ₹2.2k Cr | — | ₹3.7k Cr |
| Deposits | ₹13.1k Cr | ₹18.3k Cr | ₹25.5k Cr | ₹31.5k Cr | — | ₹45.7k Cr |
| Other liabilities | ₹779 Cr | ₹754 Cr | ₹929 Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.3k Cr |
| Total liabilities | ₹20.4k Cr | ₹23.6k Cr | ₹33.3k Cr | ₹40.4k Cr | ₹49.6k Cr | ₹57.5k Cr |
| Fixed assets | ₹276 Cr | ₹244 Cr | ₹265 Cr | ₹395 Cr | ₹490 Cr | ₹457 Cr |
| Capital work in progress | ₹5 Cr | ₹6 Cr | ₹18 Cr | ₹32 Cr | ₹0 Cr | ₹36 Cr |
| Investments | ₹2.5k Cr | ₹4.2k Cr | ₹8.5k Cr | ₹9.8k Cr | ₹11.6k Cr | ₹12.7k Cr |
| Other assets | ₹17.6k Cr | ₹19.2k Cr | ₹24.5k Cr | ₹30.2k Cr | ₹37.5k Cr | ₹44.3k Cr |
| Total assets | ₹20.4k Cr | ₹23.6k Cr | ₹33.3k Cr | ₹40.4k Cr | ₹49.6k Cr | ₹57.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +16.63 pp while the public trimmed −13.88 pp. The shareholder count shrank 22% to 7,67,649.
- FIIs
- 16.8%
- DIIs
- 33.5%
- Public
- 49.7%
Since Jun 2025
- DIIs +16.63 pp
- Public −13.88 pp
- FIIs −2.74 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.7% to 0.0% — −73.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 73.7%, FIIs 3.5%, DIIs 4.2%, Public 18.6%.Dec '23: Promoters 73.6%, FIIs 3.7%, DIIs 4.0%, Public 18.7%.Mar '24: Promoters 73.5%, FIIs 3.5%, DIIs 2.3%, Public 20.7%.Jun '24: FIIs 24.7%, DIIs 7.3%, Public 68.0%.Sep '24: FIIs 20.6%, DIIs 6.5%, Public 72.9%.Dec '24: FIIs 17.9%, DIIs 6.6%, Public 75.5%.Mar '25: FIIs 19.5%, DIIs 8.5%, Public 72.0%.Jun '25: FIIs 19.6%, DIIs 16.8%, Public 63.6%.Sep '25: FIIs 17.1%, DIIs 20.1%, Public 62.8%.Dec '25: FIIs 15.4%, DIIs 28.7%, Public 55.9%.Mar '26: FIIs 17.2%, DIIs 31.1%, Public 51.6%.Jun '26: FIIs 16.8%, DIIs 33.5%, Public 49.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sundaram Mutual Fund A/C Sundaram Small Cap Fund Mutual fund newly disclosed 3.32% held
- Franklin India Opportunites Fund Mutual fund newly disclosed 2.96% held
- Union Flexi Cap Fund Mutual fund newly disclosed 1.98% held
- Canara Robeco Mutual Fund A/C Canara Robeco Small Mutual fund newly disclosed 1.86% held
- Mahindra Manulife Value Fund Mutual fund newly disclosed 1.82% held
- DSP Small Cap Fund Mutual fund newly disclosed 1.49% held
- Kotak Small Cap Fund Mutual fund +1.08 pp 2.18% held
- Axis Mutual Fund Trustee Limited A/C Axis Mutual F Mutual fund +0.46 pp 3.13% held
The same filing shows 0 holders trimming and 7 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ujjivan Small Finance Bank Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sundaram Mutual Fund A/C Sundaram Small Cap Fund Mutual fund | 3.32% | newly disclosed |
| International Finance Corporation NBFC / DFI | 3.19% | unchanged |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual F Mutual fund | 3.13% | +0.46 pp |
| Franklin India Opportunites Fund Mutual fund | 2.96% | newly disclosed |
| Kotak Small Cap Fund Mutual fund | 2.18% | +1.08 pp |
| Union Flexi Cap Fund Mutual fund | 1.98% | newly disclosed |
| Aditya Birla Sun Life Trustee Private Limited A/C Mutual fund | 1.97% | +0.21 pp |
| Canara Robeco Mutual Fund A/C Canara Robeco Small Mutual fund | 1.86% | newly disclosed |
| Mahindra Manulife Value Fund Mutual fund | 1.82% | newly disclosed |
| DSP Small Cap Fund Mutual fund | 1.49% | newly disclosed |
| UTI-Banking And Financial Services Fund Mutual fund | 1.25% | unchanged |
| Baroda BNP Paribas ELSS Fund Mutual fund | 1.13% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Ujjivan Small Finance Bank Limited
Guides on how to read this kind of business and the numbers that matter.