Ujjivan Small Finance Bank Q2 FY27 PAT Rs 365.05 cr; total income Rs 2,448.94 cr

What the numbers show

• Net margin was 16.95% of revenue, up 971 bps from 7.24%.
• Revenue rose 28.0% while total expenses rose 20.2%.
• Finance costs accounted for Rs 144.32 cr of the Rs 311.83 cr rise in total expenses (46%).
• Finance costs took 42.0% of revenue, against 45.2% a year earlier.

Key quarterly numbers (standalone)

From the statement of unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27), compared with the quarter ended September 30, 2025:

• Total income: Rs 2,448.94 cr (Q2 FY26: Rs 1,938.66 cr)
• Interest earned (a+b+c+d): Rs 2,153.36 cr (Q2 FY26: Rs 1,682.31 cr)
  • Interest / discount on advances / bills: Rs 1,914.88 cr (Q2 FY26: Rs 1,472.70 cr)
  • Income on investments: Rs 223.93 cr (Q2 FY26: Rs 203.01 cr)
  • Interest on balances with RBI and other interbank funds: Rs 12.99 cr (Q2 FY26: Rs 4.57 cr)
  • Others (interest): Rs 1.56 cr (Q2 FY26: Rs 2.03 cr)
• Other income: Rs 295.58 cr (Q2 FY26: Rs 256.35 cr)
• Interest expended: Rs 904.95 cr (Q2 FY26: Rs 760.63 cr)
• Operating expenses (i+ii): Rs 950.30 cr (Q2 FY26: Rs 782.79 cr)
  • Employees cost: Rs 512.28 cr (Q2 FY26: Rs 435.46 cr)
  • Other operating expenses: Rs 438.02 cr (Q2 FY26: Rs 347.33 cr)
• Total expenditure [excluding provisions and contingencies]: Rs 1,855.25 cr (Q2 FY26: Rs 1,543.42 cr)
• Operating profit before provisions and contingencies: Rs 593.69 cr (Q2 FY26: Rs 395.24 cr)
• Provisions (other than tax) and contingencies: Rs 102.97 cr (Q2 FY26: Rs 234.96 cr)
• Profit from ordinary activities before tax: Rs 490.72 cr (Q2 FY26: Rs 160.28 cr)
• Tax expense: Rs 125.67 cr (Q2 FY26: Rs 38.56 cr)
• Net profit from ordinary activities after tax / Net profit for the period: Rs 365.05 cr (Q2 FY26: Rs 121.72 cr)
• Paid up equity share capital: Rs 1,951.06 cr (Q2 FY26: Rs 1,937.15 cr)
• Basic EPS (Rs): 1.87 (Q2 FY26: 0.63)
• Diluted EPS (Rs): 1.84 (Q2 FY26: 0.62)

According to the statement of financial results, total income for the quarter ended September 30, 2026 increased to Rs 2,448.94 cr from Rs 1,938.66 cr in the corresponding quarter of the previous year, driven mainly by higher interest earned of Rs 2,153.36 cr versus Rs 1,682.31 cr a year earlier. Other income also rose to Rs 295.58 cr from Rs 256.35 cr.

Interest expended grew to Rs 904.95 cr from Rs 760.63 cr, while operating expenses (including employees cost and other operating expenses) increased to Rs 950.30 cr from Rs 782.79 cr. Total expenditure excluding provisions and contingencies stood at Rs 1,855.25 cr compared with Rs 1,543.42 cr in the year-ago quarter.

Operating profit before provisions and contingencies improved to Rs 593.69 cr from Rs 395.24 cr. Provisions (other than tax) and contingencies declined to Rs 102.97 cr from Rs 234.96 cr in the corresponding quarter. Profit from ordinary activities before tax rose to Rs 490.72 cr from Rs 160.28 cr, and tax expense increased to Rs 125.67 cr from Rs 38.56 cr.

Net profit from ordinary activities after tax, which is also reported as net profit for the period, was Rs 365.05 cr for the quarter ended September 30, 2026, compared with Rs 121.72 cr in the same quarter of the previous year. Basic EPS for the quarter was 1.87 versus 0.63 a year earlier, while diluted EPS was 1.84 versus 0.62.