Utkarsh SFB Q4 net profit jumps 19% to Rs 160 crore; board declares dividend

The SFB recorded a year-on-year growth of 31 percent in its gross loan portfolio at Rs 18,299 crore in the March quarter, while the deposits jumped 27.4 percent to Rs 17,473 crore, the filing showed.

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26 Aug, 2025 12:21

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Utkarsh Small Finance Bank’s net profit surged 19.4 percent to Rs 160 crore in the quarter ended March 31 compared to Rs 134 crore in the year-ago period, showed an exchange filing issued on April 26. It was 38 percent higher than the profit of Rs 116 crore reported in the December quarter.

The lender's board of directors also declared a dividend of Rs 0.5 per equity share of Rs 10.

For FY24, the lender reported a net profit of Rs 498 crore, recording a 23 percent jump from 405 crore in FY23, the filing showed. The bank’s gross non-performing assets declined to 2.51 percent March 31 from 3.04 percent at the end of the December quarter. Its net non-performing assets stood at 0.03 percent compared to 0.19 percent in the previous quarter.

The SFB also recorded a year-on-year growth of 31 percent in its gross loan portfolio at Rs 18,299 crore in the March quarter, while deposits jumped 27.4 percent to Rs 17,473 crore, the filing showed. The lender’s micro-banking portfolio surged above Rs 11,000 crore during the reported quarter.

The net interest income was at Rs 540 crore compared to Rs 410 crore in the same period of last year, posting a 32 percent growth. The total interest earned stood at Rs 896 crore, which was 30 percent higher year-on-year.

Govind Singh, managing director and chief executive officer, Utkarsh Small Finance Bank said, “Our gross loan portfolio & deposits growth were strong in FY24, in line with our expectation, on the strength of our deep-rooted franchise & footprints and relevant product offerings. We continue to see good growth opportunities across our key products i.e. micro-banking, MSME, Housing and CV&CE loan portfolio.”

The stock price of the bank rose 1.16 percent to Rs 59.46 on BSE on April 26.