Transcript of Quarterly Earnings Call held on July 23, 2026

USFB/CS/SE/2026-27/61 Date: July 28, 2026 National Stock Exchange of India Limited BSELimited Listing Department Listing Compliance Exchange Plaza, C-1, Block G, Bandra Kurla Complex, P.J. Tower, Bandra (E) Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 Symbol:UJJIVANSFB Scrip Code:542904 Dear Sir/Madam, Sub: Transcript of the Quarterly Earnings Call held on July 23, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Transcript of the earnings/quarterly conference call held on July 23, 2026 for the quarter ended June 30, 2026 is enclosed herewith. The same shall be available on the Bank’s website at www.ujjivansfb.bank.in. We request you to take note of the above. Thanking You, Yours faithfully, For UJJIVAN SMALL FINANCE BANK LIMITED Sanjeev Barnwal Company Secretary & Head of Regulatory Framework Encl: as mentioned above “Ujjivan Small Finance Bank Limited Q1FY27 Earnings Conference Call” July 23, 2026 MANAGEMENT: MS.CAROL FURTADO –EXECUTIVE DIRECTOR MR.SADANANDA BALAKRISHNA KAMATH –CHIEF FINANCIAL OFFICER MR.ASHISH GOEL –CHIEF CREDIT OFFICER MR.VIBHAS CHANDRA –HEAD MICRO BANKING AND GOLD LOANS MR.HITENDRA JHA –HEAD RETAIL LIABILITIES,TASC AND TPP MR.UMESH ARORA –HEAD EMERGING BUSINESS MR.MARTIN PS–CHIEF OPERATING OFFICER MR.BRAJESH CHERIAN –CHIEF RISK OFFICER MR.SIDDHARTH BHARADWAJ –HEAD INVESTOR RELATIONS MR.GAURAV SAH –LEAD INVESTOR RELATIONS MODERATOR: MR.MANJITH NAIR Page 1 of 17 Ujjivan Small Finance Bank Limited July 23, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Ujjivan Small Finance Bank Q1 FY27 Earnings Conference Call hosted by Antique Stock Broking Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manjith Nair from Antique Stock Broking Limited. Thank you, and over to you, sir. Manjith Nair: Thank you. Good evening, everyone. I welcome you all to Q1 FY27 Earnings Conference Call of Ujjivan Small Finance Bank. Today, we have the senior management team of Ujjivan Small Finance Bank represented by Carol Furtado, Executive Director; Sadananda Kamath, Chief Financial Officer; Ashish Goel, Chief Credit Officer; Vibhas Chandra, Head of Micro Banking; Hitendra Jha, Head of Retail Liabilities, TASC and TPP; Umesh Arora, Head of Emerging Business; Martin P.S., Chief Operating Officer; Brajesh Cherian, Chief Risk Officer; Siddharth Bharadwaj, Head IR and Mr. Gaurav Sah, Lead Investor Relations. With this, I now hand over the call to Carol Furtado, ED for her opening remarks. Thank you, and over to you, ma'am. Carol Furtado: Thank you, Manjith. Good evening and thank you all for joining us today for Ujjivan Small Finance Bank's Q1 FY27 Earnings Call. Since our MD, Mr. Sanjeev Nautiyal is indisposed and not in office today, hence unable to attend this call. Please do note, I will be referring to year- on-year comparisons with Q1 FY '26 and quarter-on-quarter with Q4 FY '26. I will begin with a brief overview of the macroeconomic environment before discussing the bank's performance for the quarter. The geopolitical situation in West Asia, which started in Feb this year, continued to create uncertainty across global markets during the quarter. While discussions around the ceasefire emerged, the situation remains fluid. Softening of global energy prices from their peak, coupled with easing Indian commercial gas supply restrictions has smoothened commercial operations. On the local front, the weather- related uncertainties continue to pose risk due to strengthening of El Nino in the months ahead. We believe that harvest of rabi crops has led to better outcomes currently, but any delay in sowing of kharif crops might impact H2 economic activity. This remains a key monitorable. On the positive side, the high-frequency domestic economic indicators have largely shown stability. RBI in its June MPC review meeting decided to keep the policy repo rate unchanged at 5.25% while maintaining a neutral policy stance. The forex hedging cost dispensations by RBI have been a welcome step and should help in liquidity and hence stabilizing the deposit rates. While the real GDP growth for FY '27 was recalibrated to 6.6%, inflation forecast was within the band defined by RBI and is projected at 5.1% for full year. The governor also emphasized Page 2 of 17 Ujjivan Small Finance Bank Limited July 23, 2026 that the banking sector continues to remain resilient, supported by healthy credit demand, steady deposit mobilization and adequate liquidity to meet the productive requirements of the economy. Against this backdrop, the bank delivered another quarter of steady business growth. Our strategy continues to remain centered on strengthening our liability franchise, building a diversified asset portfolio and maintaining prudent risk management practices to ensure profitability along with growth. As part of plan for FY '27, bank has operationalized 38 new branches, taking total count to 814 as of June '26. We delivered highest Y-o-Y growth in deposits at 25% in the last couple of years, taking the deposit book to INR48,129 crores. CASA deposits grew to INR12,930 crores, up 37.8% year-on-year. In a tight liquidity scenario, we maintained comfortable CD ratio. To adjust for evolving market scenario, we effected rate increases in the month of June on key buckets in line with our intended ALM outcome. Our focus on enhancing the value proposition for deposit customers continues to deliver encouraging results. The high net worth program, Ivory, has witnessed strong momentum and is increasingly becoming an important pillar of our affluent banking franchise. Insurance cross-sell penetration has improved further, reflecting stronger customer engagement. The mutual fund distribution offering now accessible through mobile and Internet banking channels is seeing growing customer adoption. Additionally, the co-branded credit card currently in the testing phase is expected to further strengthen customer engagement and product penetration. Cost of funds continued the downward trajectory and stood at 6.86% for the quarter. We remain in sound liquidity health with liquidity coverage ratio around 132% for the quarter, reflecting a well-balanced approach towards growth and liquidity management. Turning to our asset franchise. We are pleased to note that our progress towards diversification of loan portfolio remains on track with more than half of the loan book being secured at 50.4% as of June '26. Following a strong performance last quarter, growth in our secured book has continued at robust rates and expanded to INR21,638 crores, up 42.7% year-on-year and 7.8% quarter-on-quarter. The bank level gross loan book reached INR42,903 crores, growing 28.9% year-on-year and 5.5% quarter-on-quarter. Disbursements for the quarter were at INR9,245 crores, up 41.4% year- on-year. Driven by the sustained momentum in the micro banking sector, our micro banking book reached INR21,371 crores, up 16.8% year-on-year, while disbursement grew by 16.4% year-on-year to reach INR4,581 crores. On the asset quality front, bucket X collection efficiency for the quarter stood at 99.68%, demonstrating a healthy portfolio. After seven quarters of degrowth, borrower base has started Page 3 of 17 Ujjivan Small Finance Bank Limited July 23, 2026 to grow, supported by 1.72 lakh new customer additions in Q1, marginally above the Q4 FY '26 numbers. Affordable housing and micro mortgages recorded strong growth with gross loan book increasing 40.8% year-on-year to INR11,210 crores, underscoring resilient customer demand and effective execution across key markets. Affordable housi [Showing first 8,000 characters — download PDF for full document]