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Earnings Call Transcript

Ujjivan Small Finance Bank Earnings Call Transcript: Key Takeaways

Call addresses the early retirement of MD & CEO Sanjeev Nautiyal due to health. Carol Furtado appointed Interim MD. Management maintains focus on FY27 strategic goals and diversification.

Highlights
Revenue growthLoan book grew ~29% YoY in Q1FY27.
MarginsCost of funds at 6.9% for Q1.
Demand visibilityStrong momentum post-Q1; promising festive season ahead.
Management confidenceHigh; reiterating FY27 guidance despite leadership change.

Growth

Q1FY27 loan book grew ~29% YoY; CASA grew 38% YoY. GNPA remains stable at 2.2%.

Outlook

Management reiterated commitment to FY27 guidance. Search for permanent MD & CEO expected to take 3-6 months.

Risks

Leadership transition instability; market pressure on deposits; potential impact of El Nino on asset quality (currently deemed negligible).

Last quarter's promises, checked

Delivered

  • Guided non-MFI book share 56% by March '27 → delivered 50.4% in Q1 (= BEAT)
  • Targeted total branches 814 by June '26 → delivered 814 (= BEAT)
  • Guided credit cost 0.9% to 1% of total assets → delivered 0.9% (= BEAT)

Partly delivered

  • Targeted FY27 asset growth 25% → delivered 28.9% YoY in Q1 (= PARTIAL)
  • Guided FY27 ROA 1.8% to 2% → delivered 2.2% in Q1 (= PARTIAL)
  • Guided opex to average assets ~6.4% → delivered 6.4% in Q1 (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: UJJIVANSFB. Summary written with AI assistance from the document.

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Ujjivan Small Finance Bank Ltd: key numbers

Share price
₹64.71
Market cap
₹12,625 Cr
Revenue (annual)
₹6,931 Cr
Net profit (annual)
₹692.6 Cr
P/E (TTM)
13.9×Sector 22.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
16.81%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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