Utkarsh SFB Q3FY26 Results: Net Loss of ₹375 Crore
Utkarsh Small Finance Bank reported a net loss of ₹375 crore for Q3FY26, compared to a ₹16.81 crore loss in Q3FY25. Nine-month net loss surged to ₹963 crore from ₹20.73 crore. The bank raised ₹949 crore via rights issue listed on Nov 7, 2025. Merger scheme with promoter approved.
The substantial increase in net loss and deteriorating NPA ratios are critical financial indicators that will significantly impact investor sentiment and the company's valuation.
The company reported a significant increase in net loss for both the quarter and the nine-month period, indicating a negative financial performance.
Utkarsh Small Finance Bank Limited announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at a meeting held on February 02, 2026.
The Bank reported a net loss of ₹37,501.76 lakh (₹375.02 crore) for the quarter ended December 31, 2025, compared to a net loss of ₹1,680.55 lakh (₹16.81 crore) in the same quarter of the previous year. For the nine months ended December 31, 2025, the net loss stood at ₹96,296.28 lakh (₹962.96 crore), a significant increase from the net loss of ₹2,073.32 lakh (₹20.73 crore) in the corresponding period of the previous year.
Total income for the quarter was ₹90,170.77 lakh, a decrease from ₹1,03,792.38 lakh in the same quarter of the previous year. Total expenses, excluding provisions and contingencies, for the quarter were ₹94,598.51 lakh, an increase from ₹85,266.24 lakh in the prior year's comparable quarter.
The Bank also reported an increase in Gross NPA to 11.05% and Net NPA to 4.48% for the quarter ended December 31, 2025, compared to 6.17% and 2.50% respectively in the previous year. The Capital Adequacy Ratio (CAR) stood at 20.11% as of December 31, 2025.
During the quarter, the Bank incurred an expense of ₹612.76 lakh towards gratuity due to changes in wage definition under the New Labour Codes. The Bank also completed its Rights Issue, raising ₹94,907.93 lakh by issuing equity shares which were listed on November 07, 2025. Furthermore, the Bank and its promoter, Utkarsh CoreInvest Limited, have approved a draft scheme of amalgamation, with NCLT filings completed and the interim order status being reserved.
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See the model portfoliosA plain-language summary of a public exchange filing by Utkarsh Small Finance Bank Limited. Read the original for the full detail.