Ujjivan Small Finance Bank LimitedFinancial ServicesUJJIVANSFB
Q1 FY27 concall · earnings callUjjivan Small Finance Bank Limited
The bank maintained strong business momentum and remains on track to meet its FY27 guidance despite the sudden early retirement of its MD & CEO due to health reasons.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Q1 Loan Book Growth (YoY) | approximately 29% | — | |
| GNPA | 2.2% | — | |
| CASA Growth (YoY) | 38% | — | |
| Overall Cost of Funds (Q1) | 6.9% | — | |
| Secured Book Share | past 50% | — |
TL;DR
- MD & CEO Sanjeev Nautiyal retired early due to health concerns.
- Carol Furtado appointed Interim MD & CEO, subject to RBI approval.
- Q1 loan book grew approximately 29% year-on-year with GNPA at 2.2%.
- CASA grew 38% year-on-year; overall cost of funds was 6.9% for Q1.
- Board has started the search for a permanent MD & CEO, expecting to submit names to RBI in 3-4 months.
- Management reiterated commitment to FY27 guidance and strategic diversification, with no impact expected from leadership change.
Said on the call
“Our performance across loan book growth and asset quality has resulted in a pristine and diversified loan book.”
From the Q&A
| Topic | What management said |
|---|---|
| Impact of Capital Raise Delay | Management stated the bank remains well-capitalized and committed to FY27 growth plans; a delay in capital raising will not impact FY27 performance. |
| Succession Planning Timeline | The Board has started the search process and expects to submit names to the RBI in about 3 to 4 months; internal candidates, including Carol Furtado, will be considered. |
| Strategy and Transition to Universal Bank | Management reiterated focus on meeting FY27 guidance and stated the strategic diversification is on trajectory, but declined to comment on specific timelines for approaching RBI regarding a universal bank transition. |
| Reason for CEO Exit | The Chairman confirmed the early retirement was solely due to health reasons, with no issues regarding business strategies or bank operations. |
| El Nino Impact on Asset Quality | Management stated asset quality trends for secured and unsecured businesses have tracked better or in line with Q1 performance, and they see absolutely no impact from El Nino. |
Guidance
- Remain on track to meet FY27 guidance.
- Committed to delivering strong performance in FY27 and beyond.
- Strategic diversification is well on its trajectory.
Source
Summary written from the transcript filed by Ujjivan Small Finance Bank Limited for the call held on 1 Sept 2026; published 3 Sept 2026, 11:27 IST.
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