Slice Q1 profit tops FY26 earnings as digital bank pitch sharpens
Slice’s Q1 results come as the company explores a $50-100 million fundraise at a valuation below $1 billion, ET reported in April. If completed, the round would mark a drop from its last-known $1.3 billion valuation, as Slice expands its digital banking business across lending, deposits and UPI-led payments.
Slice Small Finance Bank posted a higher-than-expected Q1 profit of Rs 50.9 crore, surpassing its profit of Rs 48.4 crore for all of FY26. The digital bank's total income grew 38.6% year-on-year to Rs 413.8 crore, and increased sequentially by 3.5% to Rs 399.7 crore. Total deposits nearly doubled to Rs 5,765 crore, while the gross loan book rose 55% to Rs 5,098 crore.
The bank's current account-savings account (CASA) ratio stood at 43.9%. Net worth was reported at Rs 896 crore, with a capital-to-risk-weighted assets ratio of 18.2%, exceeding regulatory requirements. Net profit for the quarter was Rs 49.1 crore, compared to a loss of Rs 10.1 crore a year earlier.
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