Ujjivan Small Finance Bank Q4 Results: Profit jumps two-and-a-half folds to Rs 310 crore

Ujjivan Small Finance Bank’s net profit for the March quarter was Rs 310 crore, up by nearly two-and-a-half times, mainly due to business expansion, asset quality improvement, and lower credit cost. The bank’s gross loan portfolio rose 33% to Rs 24085 crore and net interest income grew 36% at Rs 738 crore. The gross non-performing asset (NPA) ratio stood at 2.88% at the end of March, and the net NPA was at 0.04%. The bank’s operating profit was at Rs 411 crore, reflecting a 56% rise over the same period last year, with the deposits growing 40% YoY to Rs 25,538 crore.