Ujjivan Small Finance Bank Ltd posts Rs. 273.79 crore loss in Q2 FY2021-22

Ujjivan Small Finance Bank Limited has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 691.93 crores during the period ended September 30, 2021 as compared to Rs. 714.67 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. -273.79 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. -233.48 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. -1.59 for the period ended September 30, 2021 as compared to Rs. -1.35 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 691.93 crs	₹714.67 crs	-3.18%
Net Profit	₹-273.79 crs	₹-233.48 crs	17.26%
EPS	₹-1.59	₹-1.35	17.78%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 691.93 crores during the period ended September 30, 2021 as compared to Rs.815.40 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.-273.79 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.96 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.-1.59 for the period ended September 30, 2021 as compared to Rs.0.56 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 691.93 crs	₹815.40 crs	-15.14%
Net Profit	₹-273.79 crs	₹96 crs	-385.20%
EPS	₹-1.59	₹0.56	-383.93%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.1406.60 crores during the 6 Months period ended September 30, 2021 as compared to Rs.1590.38 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.-507.27 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.150.65 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.-2.94 for the 6 Months period ended September 30, 2021 as compared to Rs.0.87 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹1406.60 crs	₹1590.38 crs	-11.56%
Net Profit	₹-507.27 crs	₹150.65 crs	-436.72%
EPS	₹-2.94	₹0.87	-437.93%

Asset Quality:

Asset Quality	Q2 FY2022	Q1 FY2022	Q2 FY2021
Gross NPA	₹ 1712.65 crs	₹1374.98 crs	₹136.09 crs
Gross NPA %	11.80%	9.79%	0.98%
Net NPA	₹685.14 crs	₹348.73 crs	₹19.08 crs
Net NPA %	3.29%	2.68%	0.14%

Gross NPA was at ₹ 1712.65 crs in Q2 FY2022 against ₹ 136.09 crs in Q2 FY2021. The same was at ₹ 1374.98 crs in Q1 FY2022.

Net NPA was at ₹ 685.14 crs in Q2 FY2022 against ₹ 19.08 crs in Q2 FY2021. The same was at ₹ 348.73 crs in Q1 FY2022.

GNPA was at 11.80% of Gross advances as on September 30, 2021 as compared to 0.98% as on September 30, 2020 and 9.79% as of June 30, 2021.

Net NPA was at 3.29% of Gross advances as on September 30, 2021 as compared to 0.14% as on September 30, 2020 and 2.68% as of June 30, 2021.

Ratios	Q2 FY2022	Q1 FY2022	Q2 FY2021
RoA %	-1.39%	-1.19%	0.50%
CAR (BASEL III) %	22.19%	25.88%	30.99%

Return on Average Assets (RoA) is at -1.39% for Q2 FY2022 against -1.19% in Q1 FY2022 and 0.50% in Q2 FY2021.

In Q2 FY2022, Bank's total Capital Adequacy Ratio (CAR) was at 22.19%, as compared to 25.88% in Q1 FY2022 and 30.99% in Q2 FY2021.

Shares of Ujjivan Small Finance Bank Limited was last trading in BSE at Rs. 21.80 as compared to the previous close of Rs. 21.80. The total number of shares traded during the day was 505517 in over 1566 trades.

The stock hit an intraday high of Rs. 22.40 and intraday low of 21.30. The net turnover during the day was Rs. 11045556.00.

Source : Equity Bulls

Keywords

UjjivanSmallFinanceBank Q2FY22 H1FY22 ResultUpdate