Why Ujjivan Small Finance Bank stock price is rising

January 23, 2026

The price development of Ujjivan Small Finance in 2025 was phenomenal.

The stock remained in a strong uptrend throughout the year. It rose nearly 85% over the past year, hitting a new 52-week high on January 23, 2026.

On January 23, 2026, the stock rose sharply, gaining more than 3% in trading. This is what underpins the recent share price rise.

#1 Quarterly results

Ujjivan announced its December quarter results and this resulted in a strong increase in the stock.

• Total deposits rose 22% year-on-year (year-on-year) and 7.7% quarter-on-quarter, driven by growth in both retail term deposits and CASA.

• Net interest income rose 12.8% year-on-year to Rs 10,000 million, the highest ever.

• Quarter-on-quarter growth was 8.5%.

• Financing costs decreased to 7.1% (vs. 7.6% in the same quarter last year), supporting margin stability.

• Profit rose 70.8% year-on-year to Rs 1,860 mln, supported by lower credit costs.

• The ROA and ROE improved to 1.5% and 11.5%.

• The gross loan portfolio grew by 21.6% on an annual basis and by 7.1% on a quarterly basis.

• The GNPA was 2.4% in December 2025.

Ujjivan SFB posted a solid quarterly figure, supported by strong deposit appeal, record payouts, improved asset quality and a sharp recovery in profitability.

The bank continues to shift towards a safer and more diversified credit mix, driving earnings stability despite softer NIMs. Operating metrics and figures remain strong, leaving the bank well positioned for sustainable growth in the coming years.

What now?

In the December quarter conference call, management was confident of meeting ROA guidance of 1.2-1.4% and long-term 2030 vision of 1.8-2%.

Management expects credit costs to normalize in the coming quarters. Credit costs for the March 2026 quarter are expected to be much lower than for the December 2025 quarter.

The bank expects to end the current year with a 50-50 split between secured and unsecured assets. The long-term goal for 2030 is a mix of 70% secured and 30% unsecured, with an annual shift of approximately 5%. The bank aims to improve the CASA ratio from the current 27% to 35% as part of its Vision 2030.

How Ujjivan Small Finance Bank Shares Have Performed Recently

In the past five days, shares of Ujjivan SFB are up more than 5% in trading. Shares are up more than 20% in the past month.

The stock touched its 52-week high of Rs 68 on January 23, 2026, and its 52-week low of Rs 30.8 on January 28, 2025.

About Ujjivan Small Financial Bank

Ujjivan Small Finance Bank, as a mass market bank, focuses on serving the underserved segments of society through financial and digital inclusion.

It has a network of over 600 branches and 12,000 ATMs across 24 states and union territories. The bank also offers customers internet banking, telephone banking and mobile banking.

For more details, see Ujjivan Small Finance Bank’s corporate fact sheet and quarterly results. For a sector overview, read our sector report on the banking sector.

You can also compare Ujjivan Small Finance Bank with its peers:

Ujjivan Small Finance Bank vs DCB Bank

Ujjivan Small Finance Bank vs Bank of Maharashtra

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