Ujjivan SFB Reports 24% Rise in Disbursements; Affordable Housing, MSME Segments Drive Growth in Q1 FY26
By Shishta Dutta | Updated at: Oct 13, 2025 05:36 PM IST
Bengaluru, July 4, 2025 – Ujjivan Small Finance Bank Ltd (NSE: UJJIVANSFB) reported robust operational performance for the quarter ended June 30, 2025 (Q1 FY26). This is led by double-digit growth in disbursements, loan book expansion, and secured asset portfolio growth. However, CASA traction and asset quality trends remained mixed.
Key Business Metrics (₹ crore unless stated)
Deposits & Ratios
Ujjivan Small Finance Bank reported steady growth in its deposit base, with total deposits rising 18.8% year-on-year to ₹38,612 crore as of June 30, 2025. CASA deposits grew 12.5% YoY to ₹9,378 crore, although the CASA ratio moderated to 24.3% from 25.6% a year ago. The bank’s credit-deposit ratio stood at 85.7%, marginally higher than the previous quarter and last year.
| Particulars | Jun 30, 2025 | Jun 30, 2024 | YoY Growth | Mar 31, 2025 | QoQ Growth |
|---|---|---|---|---|---|
| Total Deposits | 38,612 | 32,514 | 18.8% | 37,630 | 2.6% |
| CASA | 9,378 | 8,334 | 12.5% | 9,619 | -2.5% |
| CASA Ratio (%) | 24.3% | 25.6% | – | 25.6% | – |
| Credit-Deposit (%) | 85.7% | 85.2% | – | 84.9% | – |
Gross Loan Book
| Segment | Jun 30, 2025 | Jun 30, 2024 | YoY Growth | Mar 31, 2025 | QoQ Growth |
|---|---|---|---|---|---|
| Gross Loan Book | 33,287 | 30,069 | 10.7% | 32,122 | 3.6% |
| Micro Group Loan | 12,961 | 15,768 | -17.8% | 13,090 | -1.0% |
| Individual Loan | 5,343 | 4,967 | 7.6% | 5,182 | 3.1% |
| Affordable Housing | 7,962 | 5,199 | 53.1% | 7,308 | 8.9% |
| MSME | 2,254 | 1,415 | 59.3% | 2,047 | 10.1% |
| Financial Institutions Group (FIG) | 2,798 | 1,800 | 55.4% | 2,785 | 0.5% |
| Others | 1,969 | 920 | 114.0% | 1,710 | 15.1% |
| Secured Book | 15,144 | 9,417 | 60.8% | 13,988 | 8.3% |
| Secured Book (%) | 45.5% | 31.3% | – | 43.5% | – |
Disbursements – Strong YoY Growth of 23.8%
| Segment | Q1 FY26 | Q1 FY25 | YoY Growth | Q4 FY25 | QoQ Growth |
|---|---|---|---|---|---|
| Total Disbursement | 6,543 | 5,286 | 23.8% | 7,440 | -12.1% |
| Micro Group Loan | 2,844 | 2,952 | -3.7% | 2,787 | 2.0% |
| Individual Loan | 1,091 | 942 | 15.8% | 1,185 | -7.9% |
| Affordable Housing | 892 | 445 | 100.4% | 1,130 | -21.1% |
| MSME | 403 | 130 | 210.0% | 533 | -24.4% |
| FIG | 609 | 400 | 52.3% | 1,064 | -42.8% |
| Others | 704 | 417 | 68.8% | 741 | -5.0% |
Asset Quality & Collections
Ujjivan Small Finance Bank reported its Portfolio at Risk (PAR) increasing to 4.8%, up from 4.5% in the previous quarter. Gross NPAs stood at 2.5%, slightly higher than 2.2% as of March 2025. Despite this, overall collection efficiency remained strong at 106.6%, while core (excluding prepayments) efficiency held steady at 96.5%. Micro banking collections also stayed resilient, with Bucket X efficiency at 99.34%.
| Metric | Jun 30, 2025 | Mar 31, 2025 | Jun 30, 2024 |
|---|---|---|---|
| Portfolio at Risk (PAR) | 4.8% | 4.5% | 4.2% |
| Gross NPA | 2.5% | 2.2% | 2.3% |
| Collection Efficiency (Total) | 106.6% | 107.1% | 106.4% |
| Collection Efficiency (Excl.) | 96.5% | 96.3% | 96.4% |
| Micro Banking Bucket X CE | 99.34% | 99.39% | 99.05% |
Write-offs during Q1 FY26 stood at ₹152 crore. There were no ARC transfers in the quarter, unlike ₹295 crore in Q4 FY25.
Strategic Insights
- Shift Towards Secured Lending: Secured book now forms 45.5% of the total, up from 31.3% YoY, reflecting strategic risk moderation.
- Affordable Housing and MSME Push: These two verticals delivered 100.4% and 210.0% YoY disbursement growth respectively, with MSME book size rising 59.3% YoY.
- Micro Loans on Decline: The micro loan portfolio saw continued contraction, both YoY (-17.8%) and QoQ (-1.0%), indicating a strategic de-risking or saturation.
Ujjivan Small Finance Bank Stock Performance
Ujjivan Small Finance Bank shares are trading at ₹48.65, representing a 0.96% dip as of 3:11 PM IST on July 4, 2025. Ujjivan Small Finance Bank shares have gained 8% over the last year, 41% year-to-date, and increased by 12% in the previous month.
About Ujjivan Small Finance Bank
Ujjivan Small Finance Bank Ltd is a listed scheduled commercial bank under RBI norms, operating with a focus on financial inclusion through micro-banking, housing loans, MSME financing, and retail banking services. The bank is listed on both NSE and BSE with the scrip code 542904 and symbol UJJIVANSFB.
REF: https://nsearchives.nseindia.com/corporate/UJJIVANBANK_04072025115110_Business_Update_Q1_FY26.pdf
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