slice posts Rs 51 Cr profit in Q1 FY27, income up 38.6%
slice reported Rs 50.9 crore of net profit in Q1 FY27, more than it made across the whole of FY26, on total income of Rs 413.8 crore.
- slice reported net profit of Rs 50.9 crore in Q1 FY27, against a loss of Rs 10.1 crore in Q1 FY26.
- Total income rose 38.6% year on year to Rs 413.8 crore and 3.5% sequentially from Rs 399.7 crore in Q4 FY26.
- Gross loan book grew 55% to Rs 5,098 crore as of June 2026, while deposits nearly doubled to Rs 5,765 crore.
- Gross NPA fell to 4.36% from 6.31%, with net worth at Rs 896 crore and capital adequacy at 18.2%.
slice reported a net profit of Rs 50.9 crore for Q1 FY27. Total income rose 38.6% year on year to Rs 413.8 crore from Rs 298.6 crore, and 3.5% sequentially from Rs 399.7 crore in Q4 FY26. Profit before tax was Rs 49.1 crore, against a loss of Rs 10.1 crore in Q1 FY26. Profit after tax came in slightly above profit before tax, which implies a net tax credit in the quarter.
The comparison Entrackr draws is the one worth holding on to. slice made Rs 48.4 crore in net profit across the whole of FY26. It cleared that in a single quarter. FY25 was a loss of Rs 217 crore. So the turn is recent, and this quarter is the first evidence that FY26 profitability was not a one-off.
The balance sheet moved with it. Gross loan book grew 55% year on year to Rs 5,098 crore as of June 2026, from Rs 3,284 crore. Deposits nearly doubled to Rs 5,765 crore from Rs 3,038 crore. Gross NPA fell to 4.36% from 6.31%, and net NPA to 3.24% from 4.66%. Net worth stood at Rs 896 crore with capital adequacy at 18.2%. slice runs as a full-stack bank following its merger with North East Small Finance Bank, and has since opened a UPI-powered branch in Bengaluru and widened availability of its UPI credit card.
For a D2C founder, the number to watch is not the profit. It is the deposit base. Rs 5,765 crore of deposits against a Rs 5,098 crore loan book means slice is lending off its own liabilities rather than off equity or a co-lending line. That is the difference between a credit partner that survives a funding winter and one that pulls back in a bad quarter.
If you sell on EMI or BNPL at checkout, watch what cheaper funding does to approvals before it does anything to rates. More approvals at the thin end of the file is usually the first effect, and a gross NPA still at 4.36% says this book is not being run conservatively. Do not build your conversion rate around that holding. Ask any lending partner what share of their book is deposit funded before you make them the default option at checkout.
Zane’s analysis draws on original reporting by Entrackr. Read the original report.