1. Opening Hook
Just when Twitter was busy debating whether microfinance cycles ever truly end, Ujjivan SFB quietly dropped a Q3 that screamed, “Relax, we’ve seen worse.”
Deposits surged, profits exploded, asset quality behaved itself, and management walked in with charts, guardrails, and zero panic energy.
This wasn’t a “hope-for-FY27” kind of call. This was a “numbers are finally lining up” call.
Secured loans are growing faster than excuses during earnings season, credit costs behaved unusually well, and CASA decided to cooperate for once.
But before you start daydreaming about ROE nirvana, there are caveats—margin normalization, operating leverage dreams, and that ever-watchful micro-banking beast.
Read on. It gets interesting after the celebration confetti settles.
2. At a Glance
- Deposits up 22% YoY – Retail money showed up, bulk money behaved.
- CASA at 27.3% – Not heroic, but finally respectable.
- PAT up 71% YoY – Profits woke up and chose violence.
- NII crossed ₹1,000 Cr – A psychological milestone, management smiled.
- GNPA at 2.4% – Stress politely stepped aside.
- Secured book at 48% – Slowly but surely, de-risking is real.
3. Management’s Key Commentary
“This is the highest-ever quarterly profit delivered by the Bank.”
(Translation: Please forget the last few years, focus here 😏)
“Secured portfolio continues to scale up across housing,
