Ujjivan Small Finance Bank reported a steep 75% year-on-year decline in net profit for the quarter ended March 31, 2025, with profit falling to Rs 83.4 crore from Rs 329.6 crore in Q4 FY24. The drop was primarily driven by a sharp increase in provisions and contingencies, which rose to Rs 264.5 crore in Q4 FY25 compared to Rs 79 crore a year earlier.
Total income for the quarter stood at Rs 1,843 crore, up from Rs 1,764 crore in Q4 FY24. Interest earned during the period came in at Rs 1,573 crore, led by interest on advances and bills amounting to Rs 1,359 crore. Operating expenses surged to Rs 774 crore from Rs 651 crore a year ago, with employee costs rising to Rs 419.6 crore and other operating expenses at Rs 354.6 crore.
For the full year FY25, the bank posted a net profit of Rs 726.1 crore, down from Rs 1,281.5 crore in FY24. Total income for the year increased to Rs 7,200.6 crore from Rs 6,463.9 crore, while total expenditure rose sharply to Rs 5,511.4 crore from Rs 4,546.8 crore.
Tax expenses for the quarter fell to Rs 11.9 crore compared to Rs 109.9 crore in the same period last year.
Despite the rise in income, the steep provision build-up and higher expenses significantly impacted the bank’s bottom line in Q4.
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