Utkarsh SFB Q4 Net Loss at ₹188 Crore

Utkarsh SFB reported a Q4 FY26 net loss of ₹188 crore driven by provisioning for legacy stress, despite a capital adequacy of 17.7%.
Gross NPA ratio improved by 330 bps QoQ to 7.7%, with fresh slippages reducing sharply to ~₹170 crore from ~₹710 crore YoY.
Disbursements grew significantly, with JLG up 58% QoQ and non-JLG up 41% QoQ, as the bank pivoted towards secured lending (51% of book).
Management targets 25-30% loan growth, NIMs above 8%, and a return to 15% ROE by FY28, viewing FY27 as a consolidation year.