Utkarsh Small Finance Bank Posts Net Loss of ₹37,501 Crore in Q3 FY26
Utkarsh Small Finance Bank reported a net loss of ₹375.01 crore for Q3 FY26, widening from ₹168.05 crore loss in Q3 FY25. Total income from operations was ₹901.71 crore. Gross loan portfolio grew 21.7% YoY to ₹21,087 crore, and deposits rose 3.9% YoY to ₹18,306 crore. CRAR stood at 20.11%.
The widening net loss and increased NPA levels are material financial indicators that can significantly impact investor sentiment and the bank's stock price.
The bank reported a significant increase in net loss for the quarter and nine months ended December 31, 2025, compared to the previous year, 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 bank reported a net loss of ₹37,501.76 lakh (₹375.01 crore) for the quarter ended December 31, 2025. This is a significant decline compared to the net loss of ₹16,805.47 lakh (₹168.05 crore) in the same quarter of the previous year. For the nine-month period ended December 31, 2025, the net loss stood at ₹49,068.82 lakh (₹490.69 crore), a stark contrast to the net loss of ₹1,27,452.96 lakh (₹1274.53 crore) in the corresponding period of FY25.
The bank's total income from operations for the quarter was ₹90,170.77 lakh (₹901.71 crore), while for the nine-month period it was ₹436,476.03 lakh (₹4364.76 crore). The Capital Adequacy Ratio (CRAR) was reported at 20.11% for the quarter, with Gross NPA at 11.05% and Net NPA at 4.48%. The Net Interest Margin (NIM) for the quarter was 4.5%. The bank's gross loan portfolio saw a year-on-year growth of 21.7% to ₹21,087 crore, while total deposits grew by 3.9% to ₹18,306 crore.
The Board of Directors approved these financial results at a meeting held on February 02, 2026. The bank also published these results in the Financial Express (English), Jansatta (Hindi), and Aaj (Hindi) newspapers on February 03, 2026, as per SEBI Listing Regulations. The disclosure is also available on the bank's website.
Utkarsh Small Finance Bank Limited's long-term credit ratings are ICRA A (Negative) and CARE A (Negative). The rating for the Certificate of Deposit Programme is ICRA A1+.
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