Shares of Utkarsh Small Finance Bank Ltd., which listed back in August 2023, are trading with losses of nearly 8% on Monday, August 4, in response to their quarterly results, which were released after market hours on Friday.The lender’s asset quality has seen a sharp deterioration during the quarter, with Gross NPA declining to 11.4% from 9.4% in March, while Net NPA at 5% from 4.8% in March. When compared on a year-on-year basis, the Gross NPA stood at 2.8%, while Net NPA stood at 0.3%.
Provisions for the quarter also increased to ₹410 crore from ₹223 crore in March.
Gross Loan Portfolio at the end of the quarter increased by 2.3% from last year to ₹19,224 crore, while the share of secured loans in the Gross Loan Portfolio stood at 45% from 35% last year.The lender reported a net loss of ₹239 crore during the quarter, compared to a net profit of ₹137 crore last year.
Provisions for the quarter also increased to ₹410 crore from ₹223 crore in March.
Gross Loan Portfolio at the end of the quarter increased by 2.3% from last year to ₹19,224 crore, while the share of secured loans in the Gross Loan Portfolio stood at 45% from 35% last year.The lender reported a net loss of ₹239 crore during the quarter, compared to a net profit of ₹137 crore last year.
In its investor presentation, the lender said that its loan book declined during the quarter, as it slowed down on disbursements and shifted its focus towards collections.
Shares of Utkarsh Small Finance Bank are trading 7.9% lower on Monday at ₹20.15. The stock now trades below its IPO price of ₹25 and has now declined over 60% from its 52-week high of ₹51.36. The stock has declined 41% so far in 2025.
