Are Utkarsh Small F. latest results good or bad?

Utkarsh Small Finance Bank has reported its financial results for the quarter ending March 2025, which reflect several concerning trends in its operational performance. The bank's Profit Before Tax (PBT) is reported at Rs -275.83 crore, indicating a significant decline compared to the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) has decreased to Rs 2.97 crore, showing a notable drop from prior averages.
The operating performance metrics also highlight challenges, with an Operating Profit margin of -6.04%, marking the lowest level in five quarters. Additionally, net sales have fallen to Rs 879.62 crore, which is a decline from the previous four-quarter average. The bank has also experienced a rise in interest expenses, totaling Rs 1,349.32 crore, which reflects a substantial increase over the preceding nine-month period.

In terms of evaluation, the company saw an adjustment in its evaluation, although the overall outlook remains negative due to deteriorating efficiency and a heavy reliance on non-operating income, which constituted a significant percentage of PBT.

Overall, the financial data for Utkarsh Small Finance Bank indicates a challenging operational environment, with key performance metrics showing declines and rising costs impacting profitability.