Ujjivan Small Finance Bank reported a strong set of Q4 results, with net profit surging over 240% year-on-year while asset quality improved sequentially. The bank also posted healthy growth in net interest income (NII), reflecting steady business momentum.
Net profit for the March quarter came in at ₹282 crore, compared to ₹83 crore in the same period last year, marking a sharp rise of nearly 240% YoY.
The bank’s Net Interest Income (NII) rose 26.5% YoY to ₹1,093 crore, against ₹864 crore reported in the corresponding quarter last year.
On the asset quality front, Gross Non-Performing Assets (GNPA) improved to 2.26% in Q4 from 2.38% in the previous quarter, indicating better loan book quality. Net Non-Performing Assets (NNPA) also eased to 0.43% from 0.57% QoQ.
Ujjivan Small Finance Bank Q4 Highlights
- Net Profit at ₹282 crore vs ₹83 crore YoY, up nearly 240%
- NII at ₹1,093 crore vs ₹864 crore YoY, up 26.5%
- Gross NPA at 2.26% vs 2.38% QoQ
- Net NPA at 0.43% vs 0.57% QoQ
In the meantime, as of 2:27 PM, Ujjivan Small Finance Bank shares jump over 2.28% to Rs 64.10 after Q4 results.