Ujjivan Small Finance

Ujjivan SFB delivered a strong Q4 FY26 with total income of ₹2,186 croreCurrent reported value: ₹2,186 crore. No comparable prior figure is available in the source record. (+18.6Current reported value: 18.6. No comparable prior figure is available in the source record.% YoY) and PAT of ₹282 croreCurrent reported value: ₹282 crore. No comparable prior figure is available in the source record., driven by robust loan growth of 26.6% YoYCurrent reported value: 26.6% YoY. No comparable prior figure is available in the source record. and NIM expansion to 8.5%Current reported value: 8.5%. No comparable prior figure is available in the source record.. The secured portfolio mix improved to 49.4%Current 49.4%. Reported change: +590bps YoY. (up from 43.5% YoY), aided by 43.5% growth in secured advances. Asset quality stabilized with GNPA at 2.27% and credit cost improving to 2.2% for FY26. Management guided for FY27 advances growth of ~25%, credit cost moderation to 1.4-1.5%, and ROA of ~1.6%, with NIM expected to remain near current levels. Key risks include potential margin compression from mix shift and elevated opex from branch expansion (140 new branches) and technology investments.