3 weeks ago
Slice reports Rs 50.9 crore Q1 profit, surpasses FY26 earnings
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.
slice reported a net profit of Rs 50.9 crore in Q1 FY27, against a net loss of Rs 10.1 crore in the same quarter last year.
The quarterly profit exceeded the bank's entire FY26 net profit of Rs 48.4 crore.
Total income rose 39% year-on-year to Rs 413.8 crore for the quarter ended June 30, 2026.
Gross loan book grew 55% to Rs 5,098 crore, while deposits nearly doubled to Rs 5,765 crore.
Asset quality improved, with gross NPA falling to 4.36% from 6.31% and net NPA to 3.24% from 4.66%.
- Who
- slice, a digital banking platform based in Bengaluru
- What
- Reported a net profit of Rs 50.9 crore for Q1 FY27, surpassing its entire FY26 profit
- Where
- Bengaluru, India
- When
- For the quarter ended June 30, 2026 (Q1 FY27)
- Why
- Boosted by higher income, loan and deposit growth, and improved asset quality
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%











