Ujjivan Small Finance Bank reported a sharp 66% year-on-year drop in net profit for the first quarter of FY26, with earnings falling to Rs. 129 crore from Rs. 373 crore in the same period last year. The significant decline was attributed to a marked rise in provisions and contingencies, even as operating metrics remained relatively stable. Despite steady loan growth and deposit accretion, the higher provisioning levels—likely in anticipation of asset quality stress—impacted bottom-line performance.