Ujjivan Small Finance Bank Ltd (Banks - Small Finance) — fundamental analysis, earnings data, and key metrics. PE: 20.8. ROE: 12.4%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 (Quarter ended December 31, 2025) earnings • Updated Feb 22, 2026
What: 8.2% NIM supported by lower cost of funds and 48% secured portfolio; 10-15bps expansion potential
Impact: +₹50 Cr revenue
“NIM sequentially higher at 8.2%, supported by lower cost of funds, favorable product mix, CRR relaxation”
What: GNPA at 2.4% with slippages moderating; 20-30bps credit cost reduction potential
Impact: +₹75 Cr revenue
“PCR moved up to 76%, slippages moderated to Rs. 221 cr; further reduction expected in Q4”
What: SA rates reduced by 25-50bps in lower buckets; cost of funds expected to trend better
Impact: +₹30 Cr revenue
“Reduced SA in two buckets, 0 to 1 lakhs by 25 bps and 1 to 5 lakhs”
Earnings deceleration risks from management commentary
Trigger: Economic slowdown affecting low-income borrowers
Impact: -25 bps margin impact
Management view: 4 quarters of increased slippages now under control; showing good numbers on PAR and NPA
Monitor: Microfinance PAR levels
Trigger: Continued high growth without efficiency gains
Impact: -15 bps margin impact
Management view: Q4 will stay around the same level; excluding one-off, cost of income drops below 65%
Monitor: Cost-to-income ratio excluding one-offs
Key quotes from recent conference calls
“Net interest margin for the quarter was sequentially higher at 8.2%, supported by lower cost of funds, favorable product mix, lower interest receivable (reversal) in unsecured portfolio, coupled with CRR relaxation. — Management”
“Slippages and write-offs have moderated to Rs. 221 crores and Rs. 126 crores respectively in Q3. GNPA came in at 2.4% as of December '25. — Management”
“We shall continue to generate growth momentum across deposit and asset products into the new financial year. Asset book diversification shall continue while improving asset quality. — Management”
“PCR moved up to 76%, up 3% Q-o-Q, reflecting positive signs in provision requirement in Q3, which is expected to see further reduction in Q4. This is along guided lines. — Management”
Forward-looking targets from management for FY26
Key Milestones
• Further reduction in provisioning requirements in Q4
• Cost of funds expected to trend better
• Asset book diversification while improving asset quality
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Ujjivan Small Finance Bank Ltd's latest quarterly results (Dec 2025) show
Ujjivan Small Finance Bank Ltd's current PE ratio is 20.8x.
Ujjivan Small Finance Bank Ltd's price-to-book ratio is 1.6x.
Ujjivan Small Finance Bank Ltd's fundamental strength based on key financial ratios
Ujjivan Small Finance Bank Ltd has a debt-to-equity ratio of N/A.
Ujjivan Small Finance Bank Ltd's return ratios over recent years
Ujjivan Small Finance Bank Ltd's operating cash flow is positive (FY2025).
Ujjivan Small Finance Bank Ltd currently does not pay a significant dividend (yield 0.00%).
Ujjivan Small Finance Bank Ltd's shareholding pattern (Dec 2025)
Ujjivan Small Finance Bank Ltd's promoter holding has remained stable recently.
Ujjivan Small Finance Bank Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Ujjivan Small Finance Bank Ltd has 3 key growth catalysts identified from recent earnings analysis
Ujjivan Small Finance Bank Ltd has 2 key risks worth monitoring
In Q3 FY26 (Quarter ended December 31, 2025), Ujjivan Small Finance Bank Ltd's management highlighted
Ujjivan Small Finance Bank Ltd's management has provided the following forward guidance for FY26
Based on quantitative research signals, here is why Ujjivan Small Finance Bank Ltd may be worth studying
Ujjivan Small Finance Bank Ltd investment thesis summary:
Ujjivan Small Finance Bank Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
