3 weeks ago

Slice reports Rs 50.9 crore Q1 profit, surpasses FY26 earnings

Slice reports Rs 50.9 crore Q1 profit, surpasses FY26 earnings
Slice reports rs 50.9 crore net profit in q1 fy27, surpasses full-year fy26 profit · thehansindia.com

slice is a digital banking platform that people use on their phones.

In the first three months of its new financial year, it made a profit of Rs 50.9 crore.

That is a big change, because last year at the same time it was losing money.

It made more profit in just three months than in the whole previous year.

The bank earned more money and grew how many loans it gives out.

People also put almost twice as much money into their bank accounts.

The total value of things the bank owns also went up.

Fewer customers were late paying back their loans, which means the bank is doing a better job.

The bank also says it is financially safe, with money saved for emergencies.

Key facts

Q1 FY27 net profit
Rs 50.9 crore (vs Rs 10.1 crore loss a year earlier)
FY26 full-year net profit
Rs 48.4 crore
Total income
Rs 413.8 crore, up 39% YoY
Gross loan book
Rs 5,098 crore, up 55% YoY
Deposits
Rs 5,765 crore, nearly doubled YoY
Total assets
Rs 7,444 crore, up 54% YoY
Gross NPA
4.36%, down from 6.31%
Capital to Risk-weighted Assets Ratio
18.2%

Sources

Related news