{"id":"f-e550251d2f-1bd16c48-b7e6-5169-99e3-58edb3a7bf78","title":"Ujjivan Small Finance Bank Q3 Results: Stock jumps after 71% profit growth, better asset quality","description":"Ujjivan Small Finance Bank in its investor presentation, also stated that credit costs will trend lower as the secured book expands and the steady-state credit cost is seen in the range of 1% to 1.5% of average gross loan book.","timestamp":1769078142,"category":"business","headline":"Ujjivan Small Finance Bank Q3 Results: Stock jumps after 71% profit growth, better asset quality","modifiedHeadline":"Ujjivan Bank Profit Surges, Stock Rises","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"66","fcSummary":"Ujjivan Small Finance Bank's shares jumped 7% after reporting a 71% year-on-year net profit increase to ₹186 crore for the December quarter, driven by higher other income and a 12.8% rise in net interest income. Asset quality also improved sequentially.","summary":"Ujjivan SFB stock surges 71% on strong Q3 profit growth & improved asset quality, with credit costs projected to fall.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-1bd16c48-b7e6-5169-99e3-58edb3a7bf78","sourceUrl":"https://www.cnbctv18.com/market/ujjivan-small-finance-bank-q3-results-stock-jumps-profit-growth-npas-margins-credit-costs-share-price-19826454.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/yuwq9CRYELU0.webp","content":"Shares of Ujjivan Small Finance Bank Ltd. surged as much as 7% on Thursday, January 22, after the company declared its December quarter results, that were better on a year-on-year basis.\n\n
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\n Net profit for the period grew by 71% from the year-ago quarter to ₹186 crore from ₹109 crore. Part of the profit growth was also aided by higher other income, which grew to ₹295.4 crore from ₹172.1 crore last year.\n
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\n Net Interest Income (NII) or core income for the lender saw growth of 12.8% from the same quarter last year to ₹1,001 crore from ₹887 crore.\n
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\n Asset quality improved on a sequential basis with gross NPA improving to 2.38% from 2.45% in September, while Net NPAs stood at 0.57% from 0.67% in September.\n\n
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\n Net Interest Margins for the quarter stood at 8.2% at the end of the December quarter from 8.6% last year. The management said that the margins are expected to stabilize in the range of 6% to 7% and that benefit of lower cost of funds will be felt in the coming years.\n
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\n The company, in its investor presentation, also stated that credit costs will trend lower as the secured book expands and the steady-state credit cost is seen in the range of 1% to 1.5% of average gross loan book.\n
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\n Shares of Ujjivan Finance Bank are trading 7.1% higher after the earnings announcement at ₹61.85. The stock has risen 80% in the last 12 months.\n","readDurationInMinutes":"3","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Ujjivan Small Finance Bank shares surge 7% on strong Dec quarter results.","Net profit up 71% YoY to ₹186 crore; NII grows 12.8%.","Asset quality improves; margins expected to stabilize 6-7%."],"tags":["UjjivanSmallFinanceBank","Q3Results","StockMarket","ProfitGrowth","AssetQuality","NetProfit","NetInterestIncome","NII","GrossNPA","NetNPA","NetInterestMargins","InvestorPresentation","FinancialResults","BankingSector"],"redirectionEnabled":false,"consent":true}

Ujjivan Small Finance Bank Q3 Results: Stock jumps after 71% profit growth, better asset quality

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