Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Ujjivan Financial Services Ltd Q2 PAT up 110% YoY

Posted On: 2019-10-22 13:02:44

Ujjivan Financial Services Ltd. [BSE: 539874; NSE: UJJIVAN], the holding company and promoter of its 100% subsidiary "UJJIVAN SMALL FINANCE BANK" (USFB), today announced its consolidated financial performance for the quarter ended September 30, 2019.

Summary of Ujjivan Small Finance Bank Business Performance - Q2 FY 2019-20:

- Gross Advances at Rs. 12,864 crore; growth of 54.7% over Sep'18
- Non-MicroBanking^ Assets now contributes 20.8% to the portfolio against 11.2% in Sep'18
- Disbursement for Q2FY20 at Rs. 3,606 crore; an increase of 51.3% over Q2FY19
- Secured portfolio constitutes 19.4% to the portfolio compared to 9.0% in Sep'18
- GNPA at 0.9% and NNPA at 0.3% in Sep'19 against 1.9% and 0.3% respectively in Sep'18; write-off of Rs. 17 crore in Q2FY20

- Deposit base at Rs. 10,130 crore in Sep'19 covering 78.7% of total advances against 50.4% in Sep'18
- Retail deposits at 41.9% to total deposits vs. 30.1% in Sep'18; CASA ratio at 11.9% vs. 9.0% in Sep'18
- Net Profit of Rs. 93 crore in Q2FY20 against Rs. 44 crore in Q2FY19
- Net Interest Income of Rs. 388 crore in Q2FY20, an increase of 49% over Q2FY19
- Net Interest Margin at 10.8% in Q2FY20, against 11% in Q2FY19
- Cost to Income ratio at 69.5% in Q2FY20, decreased from 77.4% in Q2FY19
- ROA at 2.4% and ROE at 18.9% for Q2FY20
- Diluted EPS for Q2FY20 at Rs. 0.6, an increase from Rs. 0.3 in Q2FY19

Mr. Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank said, "The start of the year was very positive and we have continued the momentum in the second quarter as well. Our PAT is at Rs. 93 crore led by strong business growth and tax benefits. Gross advances grew by 55% vs Q2FY19 with MicroBanking^ growing 38%. Our disbursement for the quarter is up 51% vs Q2FY19 and 22% vs Q1FY20. One of the landmarks achieved this quarter was total deposits crossing Rs. 10,000 crore to reach Rs. 10,130 crore, up 142% against Sep'18, with Retail deposits contributing half of the increase. We continue to focus on overall cost structure and have retained Cost to income ratio within 70% on account of increased top line and strong cost control measures. Asset quality continues to be stable despite multiple states grappling with floods; GNPA & NNPA ratios stands at 0.9% & 0.3% respectively with PAR>0 falling to 1.7% vs. 1.8% as on 30 June 2019. In regards to RBI directive of listing the Bank by January 2020, we are in advance stage of listing via IPO and are confident of complying with the guidelines."

Commenting on the Banks listing and performance, Mr. Ittira Davis, MD & CEO, Ujjivan Financial Services said, "USFB has filed its DRHP with SEBI in August 2019 and is committed to complying with the listing condition within the stipulated timelines. As the DRHP mentions, there would be a reservation for existing shareholders of UFSL under retail category.

Our focus continues to expand customer base to drive the growth; total customer base went up to 49.4 lacs from 47.2 lacs as of 30th June 2019. Net Interest Income for USFB increased by 49% against Q2FY19; NIM stands at 10.8%. Cost of funds declined to 8.4% from 8.5% as on 30th June 2019. Capital adequacy ratio at present stands at 18.8%, out of which Tier I capital is 18.1%."

Summary of Consolidated IND-AS Financial Performance - Q2 FY 2019-20:

The financials and ratios as below are based on IND-AS consolidated numbers:

- PAT of Rs. 63.2 crore in Q2FY20 against Rs. 29.2 crore in Q2FY19
- Total Income of Rs. 710.0 crore in Q2FY20, an increase of 54.7% over Q2FY19
- Net Interest Income of Rs. 406.9 crore in Q2FY20, an increase of 44.7% over Q2FY19
- Diluted EPS for Q2FY20 at Rs. 5.2, an increase from Rs. 2.4 in Q2FY19

Shares of Ujjivan Financial Services Ltd was last trading in BSE at Rs.306.5 as compared to the previous close of Rs. 307.8. The total number of shares traded during the day was 126688 in over 1319 trades.

The stock hit an intraday high of Rs. 311.05 and intraday low of 303.75. The net turnover during the day was Rs. 38941474.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Punjab Chemicals and Crop Protection Ltd reports consolidated PAT of Rs. 3.59 crores in Q2

West Coast Paper Mills Ltd reports lower Q2 FY20 net profit

Coral Laboratories Ltd Q2 PAT at Rs. 1 crore

NATCO Pharma Ltd consolidated Q2 net profit falls to Rs. 119 crores

Electrosteel Castings Ltd posts Q2 consolidated PAT of Rs. 25.68 crores

Varroc Engineering Ltd Q2 PAT plunges

Vinati Organics Ltd reports PAT of Rs. 110.01 crores in Q2

Future Market Networks Ltd posts consolidated PAT of Rs. 21.56 crores in Q2

Info Edge (India) Limited announces Q2 FY20 results

Sundaram Finance Q2 Net Profit at Rs. 269crores

U GRO Capital Ltd announces Q2, H1 FY20 results

Welspun Corp Ltd bags contracts for supply of 147 KMT of pipes

Polyplex Corporation Ltd's arm commissions PET Film Plant in Indonesia

J. B. Chemicals & Pharmaceuticals Ltd. board approves buyback at Rs. 440

Info Edge (India) Ltd Board declares Interim Dividend of Rs. 2.50 for 2019-20

Vidhi Specialty Food Ingredients Ltd board declares 2nd interim dividend of Rs. 0.20

Adani Gas Ltd consolidated Q2 PAT up at Rs. 120.06 crores

Cords Cable Industries Ltd posts PAT of Rs. 2.22 crores in Q2 FY20

YUKEN India Ltd consolidated net profit falls in Q2

Marksans Pharma Ltd consolidated Q2 net profit at Rs. crores

Godawari Power & Ispat Ltd consolidated Q2 PAT drops to Rs. 49.39 crores

Bayer Cropscience Ltd reports net profit of Rs. 169.8 crores in Q2

Rossell India Ltd Q2 net profit surges to Rs. 28.17 crores

Ram Ratna Wires Ltd Q2 consolidated PAT soars to Rs. 7.10 crores

Kamat Hotels India Ltd consolidated net profit at Rs. 2.44 crores in Q2

AIA Engineering Ltd Q2 consolidated PAT climbs to Rs. 151.99 crores

Rajapalayam Mills Ltd posts consolidated PAT of Rs. 29.96 crores in Q2

Vidhi Specialty Food Ingredients Ltd reports Q2 net profit of Rs. 8.50 crores

GP Petroleums Ltd posts PAT of Rs. 5.39 crores in Q2

ABBOTT India Ltd reports surge in Q2 PAT to Rs. 178.33 crores

Morganite Crucible India Ltd Q2 PAT lower at Rs. 2.67 crores

Mohit Paper Mills Ltd posts net profit of Rs. 0.60 crore in Q2

Vinyl Chemicals India Ltd Q2 net profit at Rs. 2.61 crores

Crest Ventures Ltd consolidated PAT at Rs. 14.88 crores in Q2 FY20

Venky's India Ltd Q2 PAT up YoY at Rs. 13.59 crores

Q2 consolidated PAT of Polyspin Exports Ltd up QoQ

Lokesh Machines Ltd posts Rs. 0.73 crore net profit in Q2 FY20

Polymechplast Machines Ltd Q2 net profit at Rs. 0.31 crore

Empire Industries Ltd posts net profit of Rs. 8.15 crores in Q2

Daikaffil Chemicals India Ltd Q2 net profit at Rs. 0.09 crore

Bombay Cycle & Motor Agency Ltd posts PAT of Rs. 0.75 crore in Q2

Sundaram Finance Ltd reports consolidated Q2 PAT rises to Rs. 187.08 crores

The Phoenix Mills Limited delivers strong operational performance for H1FY20

Metropolis Healthcare announces H1FY20 results

Mirchi revenues fall 7%, Solutions grow 33.9%

Tamilnadu Petroproducts Ltd continues impressive performance in Q2 FY20

Maithan Alloys Ltd updates on auction of Impex Metal & Ferro Alloys Ltd

HGS announces Q2 earnings for FY2020

ATUL Auto Ltd declares interim dividend of Rs. 1.50 for 2019-20

ADF Foods Ltd board declares interim dividend of Rs. 1.50 for 2019-20







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019