Slice is a digital banking platform. Slice has launched the first quarter of FY27 on a positive financial note with a net profit of ₹50.9 crore. This stellar performance during Q1 FY27 follows the company achieving full-year profitability in FY26. The first quarter results reflect a strong upward growth of the financial technology firm, confirming the progress of its transformation into a multi-banking company.

Operating performance and quarterly growth

The underlying momentum becomes even clearer when compared to previous fiscal cycles. The total net profit of the bank during FY26 was ₹48.4 crore. It was a significant switch from the red zone of FY25, where Slice reported a significant net loss of ₹217 crore.

The total income of Slice jumped 38.6% year-on-year. The total income stood at ₹413.8 crore in Q1 FY27. The total income of the company was ₹298.6 crore in Q1 FY26. Slice’s growth was also steady over time. The total income of ₹413.8 crore in Q1 FY27 is approximately 3.5% higher than the total income of ₹399.7 crore in Q4 FY26. 

This steady increase quarter over quarter is a testament to the institution’s ability to deliver ongoing sales growth and bottom-line efficiency. The operational parameters of these transformed entities deeply reveal a significant difference in the earnings power of Slice. 

In the first quarter of FY27, the bank achieved a profit before tax of ₹49.1 crore. This is in sharp contrast to the standalone loss on a taxable basis of ₹10.1 crore incurred in Q1 of FY26. This turnaround from a loss-making quarter a year back to making a profit before tax of ₹49.1 crore reflects a disciplined cost base and revenue monetisation. 

The high quarterly profits compared to FY26 as a whole validate its business model and its improving wind performance at its main business lines. It also confirms the speed at which the business has been compounded over the last quarter.

Expansion of loan book and strategic positioning

Slice’s financial results were greatly supported by significant growth on both sides of its balance sheet, including outstanding growth in its lending book and deposit base. Slice’s gross loan book had expanded 55% year-on-year to reach ₹5,098 crore as of June 2026. It was ₹3,284 crore in June 2025.

The bank’s deposit base grew by an extraordinarily large proportion during that period. By June 2026, deposits almost doubled, from a record of ₹3,038 crore in June 2025 to ₹5,765 crore. This high-speed deposit flow provides the institution with a reliable supply of low-cost funds for credit distribution in different customer market segments.

Slice experienced sustainable gains in its core asset quality metrics in addition to revenue and deposits. The gross non-performing asset (NPA) ratio as of June 2026 was 6.31%. The NPA ratio was 4.36% in June 2025.

The net non-performing asset ratio also showed a distinct declining trend. Net non-performing assets were reduced to 3.24% in 2026-Jun, from 4.66% in June 2025. From the capital reserve side, Slice’s net worth was healthy at ₹896 crore, and its capital adequacy ratio feels strong at 18.2%, bringing ample systemic solvency to bear on the lending scale.

The operational base of Slice has undergone massive transformation since it became a strategic merger with North East Small Finance Bank. As part of this integration, Slice operates as a complete banking solution where consumers can access a wide range of financial products and services, such as savings products, fixed deposits, UPI services for money transfer, credit products, and other retail banking services.

The company has recently opened its UPI-enabled bank branch in Bengaluru to strengthen its physical and digital footprint. Over a gradual rollout, Slice becomes fully usable with the UPI credit card. To date, the company has closed more than $400 million in total equity funding, including a significant global investment from Tiger Global and Insight Partners in a Series B financing.

Conclusion

Slice’s first-quarter financial performance for FY27 is a pivotal moment in the banking fintech’s journey from credit to becoming a profitable full-stack digital bank. Slice is demonstrating strong operating leverage with a net profit worth of ₹50.9 crore and total revenue growth of 38.6% at their ₹413.8 crore total revenue getting loans of ₹5,765 crore.

Slice has a strong financial position with a capital adequacy of 18.2% and will also be equipped with innovative credit products, along with a downward trajectory in non-performing asset metrics, for the rest of FY27.